MADISON ON HIGH
Kyia Anderson, Director of Marketing Projects SEQ, has been appointed to market Southport CBD’s newest cosmopolitan development Madison on High, which has reached completion ahead of market launch.
Located in the St Hilda’s precinct, the brand new boutique building comprises just 18 spacious, well-appointed apartments, selling from $475,000.
Madison on High is the first residential building on the Gold Coast to be developed by local developer Stangale Pty Ltd. Stangale Director Don Jury says he purposely built the apartments prior to releasing them to the market so buyers could see the attention to detail and up-specifications first hand.
Mr Jury says the apartments, which are now complete and ready to move into, have been designed and built by a team of respected Gold Coast based consultants, with proven track records in the suburb of Southport.
“Madison on High was designed by HHH Architects, the architects behind Allegra, and built by local construction company and developer Rawcorp which has developed and built three brand new apartment buildings in the immediate area in the past two years” he said.
“Rawcorp and HHH Architects both have a deep understanding of what works in the city and in particular, what works in Southport, and it was important for me to engage credible companies with local knowledge.
“The Gold Coast is a unique place which is known for its unbeatable lifestyle and Madison on High has been designed so residents can make the most of the subtropical climate and coastal lifestyle.”
The flexible layouts are large with luxurious fit outs, with high raked ceilings in both penthouses. Ranging between 97sqm and 108sqm, the apartments are located to maximise light and cross-ventilation of air.
Mr Jury says the apartments feature large windows and floor to ceiling doors opening onto balconies to take full advantage of the views over the CBD, Broadwater, skyline and out to the Hinterland.
“All apartments boast sensational views, including those on the lower levels which are elevated due to the higher level ceiling in the basement to allow for the car lifts,” he said.
“We have included car park elevators – a first of their kind on the Gold Coast – to allow for two cars per bay in most apartments, which is proving to be a major selling point.
“Residents will also be able to enjoy the rooftop entertaining terrace overlooking the Broadwater, along with all the other benefits of being positioned in the heart of Southport.”
Ms Anderson says 5 apartments are already under contract, with the majority of interest to date coming from local downsizers and first home buyers who have witnessed the building going up.
“Madison on High is hitting the mark with local buyers due to the build quality, modern design and the fact that the apartments are ready to move into,” she said.
“There are pros and cons for buying off the plan but we are finding that buyers are attracted to the fact that they can see the end product and they know what they are going to get and more importantly they are impressed by it.”
First home buyers can take advantage of the Queensland First Home Owner’s Grant, which has been boosted to $20,000 until 30 June 2017.
Ms Anderson says Madison on High has strong appeal for young professionals, couples and families due to the prime location, with downsizers attracted to layouts and access to lifestyle amenities.
“Schools are a huge drawcard for property purchasers; properties in areas surrounded by education facilities and other sought after amenities not only tend to retain value, but this often increases rental demand, price and duration of tenancies.
“Madison on High is less than 100m from St Hilda’s School, 3 kilometres from The Southport School, with Southport State Primary School and Southport State High School both within the same vicinities.
“Rental appraisals have come in at $480 per week which averages out at an approximate gross rental return of 5%, which is strong, and coupled with low body corporate rates of $50 per week, Madison is also a smart investment choice.”
Madison on High also has convenient access to major shopping centres including Australia Fair and Southport Central, Griffith University, public transport and hospitals including Pacific Private Hospital.