Just a handful of apartments remain at Allegra, Southport

Market Insights
6 years ago
2 minutes

Allegra, the new multi-million dollar development by Andrews Projects has made waves in the Gold Coast CBD with its launch just a few weeks ago.

The project presents an attractive opportunity to invest in a contemporary building with high rental returns. Steven Chen, Director of McGrath Projects, the team responsible for marketing Allegra, commented that the new tower meets the growing local demand for affordable, quality property with appealing design and modern amenity in Southport.article-image

“Southport has cemented its status as the city’s vibrant CBD with new residential and infrastructure projects,” remarked Chen. “It is a major employment hub and as such has a strong rental market, which is appealing to investors.”

Allegra is comprised of 115 beautifully appointed apartments all with contemporary lines and shapely curves, demanding attention through shimmering tones of bronze and gold. Just a handful of one and two bedroom apartments are still available. The apartments range from 60 to 100 sqm, creating tailor-made opportunities for households of different sizes to experience modern Gold Coast living at its finest.


Andrews Projects’ Sales Manager, Sarah Andrews, said careful consideration had been given to creating a luxurious and liveable tower. Living areas are encased in floor-to-ceiling glass, inviting natural light to flood the interiors. Kitchens boast solid stone bench tops and a in-built dishwasher, bedrooms feature an ensuite with walk-in robe and direct balcony access, and bathrooms are spacious and chic.

The developer has found massive demand for units in the CBD suburb, fuelling high rental returns for investors. Ms. Andrews said Allegra’s two bedroom apartments were renting for $700 per week fully-furnished, providing a yield of up to 7 percent. “The two-bedroom rentals are the most popular and have all been leased, with our onsite manager compiling a waiting list of prospective tenants,” Ms. Andrews said.


“The low vacancy rate of 1.9 percent on the Gold Coast is creating significant demand. Southport is at the epicentre of this phenomenon with an average vacancy rate of 1.3 percent,” Ms. Andrews said.

With shopping at your door, the coast just one block away, and many apartments offering views over the Broadwater Parklands, Allegra represents excellent value and a solid investment in the Gold Coast's CBD.


Just 15 apartments remain at Allegra, with one bed, one bath, one car options starting from $399,000 and two beds, two baths and 1 car options starting from $511,000.

For more information or to enquire about Allegra, click here.

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