Interest can be registered on a new boutique development proposed for King Street in Newcastle.
Ireland’s Bond 1884 is an adaptive re-use project which Raine and Horne’s Jason Maxwell said blended one of the city’s heritage buildings with modern luxury.
A development application has been approved for a boutique development of 25 apartments.
There will be 19 one-bedroom apartments and six two-bedroom residences.
“It’s an adaptive re-use project, converting an older commercial building into residential,” Mr Maxwell said.
“It is a complete rebuild internally while maintaining the existing facade.
“The owners have owned the building since the mid-80s. They’ve been commercial landlords and have now decided this would be the best use for the building.”
Expressions of interest are being sought with one-bedroom apartments starting from $395,000. Two-bedroom apartments will start from $650,000.
The apartments have been designed by architects EJE and Mr Maxwell said there had already been strong interest in the inner city project.
The popularity of Iris Capital’s East End development continues with Fabric House being “really well received”, according to Colliers International’s Dane Crawford.
The art deco inspired building which retains its heritage facade on Wolfe Street was fast-tracked to market and its 57 apartments released to the public on October 14.
Mr Crawford said they had “effectively sold out half the building over the first two days”.
“That just reinforces that strong desire for people to purchase apartments in the CBD and to take part in that rejuvenation of the city,” he said.
“It really was a unique design, really different.”
Interest can also be registered for another new development close to the CBD, this one being marketed by Walkom.
Eaton Apartments in Union Street, Wickham is expected to be released in early December and will feature one and two-bedroom apartments with parking.
Walkom also marketed the WestEnd development at Wickham which has sold out.
It is one of several new developments Walkom are marketing, including The Grounds at Callaghan, which offer a selection of one and two-bedroom apartments and two-bedroom townhouses.
A top-floor studio in the Newcastle CBD is being marketed by Martyn Ransom at Chapman Property with a price range of $235,000 to $250,000, presenting an ideal opportunity for investors or first home buyers to gain entry into the market.
A two-bedroom penthouse apartment with a large deck and ocean views in Charles Street, Charlestown has been listed by Century 21’s Robert Russell with a price guide of $665,000.