This property is ready to move into now! Please note this is independent editorial content written by a PropertyMash Journalist. While we try to ensure all information is as accurate as possible, please double check with the developer or real estate agent directly before making a purchasing decision. The information contained within this article may be incorrect or out of date.
UPDATE JULY 2018: Construction is now complete and The Pavilions 88 are now sold out. For any rental enquiries, or to receive a list of similar projects, please enquire below.
The Pavilions 88 is a low-rise apartment complex that has 66 apartments in three separate ‘pavilions.’ The building is situated on a suburban street corner in Annerley that is particularly leafy due to the adjacent nature strip. Special care has been taken to preserve several of the older trees on the site as well.
These apartments would suit first home buyers or young families very well. The price, location and design of them are all clearly targeted towards this demographic.
The Pavilions 88 are very well priced, particularly the two (2) bedroom, two (2) bathroom apartments, which are all under $500,000.
The surrounding neighbourhood could be described as family friendly. Junction Park State School is located on the same street as The Pavilions 88, just 100m away. There is a childcare centre across the road from this school as well. This is a key selling point for this project and being on the same street as the local state school gives the whole area a true neighbourhood feeling. Also, there is a newly redeveloped Woolworths just 650m away, as well as several other shops including a chemist, doctor, cafes and more.
The apartments are, in our opinion, designed quite well overall – particularly considering the price point. All of the one (1) bedroom apartments have separate studies that could double as a room with a single bed and all of the two (2) bedroom apartments have two (2) bathrooms as well. These apartments were clearly designed to have humans living in them at the end of the day, which is great to see.
Construction on Pavilions 88 has completed, which means the apartments are ready to move into now!
Overall, this project has 66 apartments in three separate, low-rise complexes. These buildings all share a basement for car parking and a recreational lawn area, which is located in the centre of the three buildings. This will likely create a nice ‘village’ type atmosphere within the complex. The recreational area has a BBQ area, yoga lawn and landscaped space.
Car parking at The Pavilions 88 is provided by a secure basement car park. Each apartment in this building has a single car space allocated to it. There is no option to purchase additional spaces.
There are 15 visitor car parks on site in total. In terms of street parking, there is about 100m of parking available out the front of this project on View Street. However, further down View Street turns into a 2P area as it is in the Dutton Park Parking Control Area. There is limited on street parking available on Waldheim Street.
The developers have kept many of the trees from the site to act as a natural sound barrier and give privacy to residents. The Pavilions 88 body corporate will bulk-buy electricity from the grid, meaning that residents will receive electricity at a discounted rate which can be up to 30% cheaper than retail. This is a great feature that will help to keep the bills down.
The design of the smaller one (1) bedroom apartments is quite clever. Most of them have been designed to have a U shaped kitchen and separate study, despite being only 52m² internally. All of the two (2) bedroom apartments have two (2) bathrooms and these have been designed so that, where possible, all bathrooms and bedrooms have windows and the bedrooms are kept apart by putting bathrooms in the middle. This will make these apartments easy to live in, whilst also increasing their appeal to renters.
The Pavilions 88 is located in Annerley on the corner of Waldheim Street and View Street. This location is adjacent to Ekibin Park which is a large nature reserve that also has several sporting facilities. The property is also adjacent to the Pacific Motorway. It is shielded from this to a degree by a nature strip. When Property Mash visited the site at 10 am on a Wednesday, there was some road noise from the motorway but it was minimal. It’s also worth noting that a major advantage of having the Pacific Motorway so close is the reduced trip times – the Brisbane CBD is only 5 minutes away.
One advantage of being so close to the Pacific Motorway is that a trip into the CBD just 5 minutes from The Pavilions 88. It will also make travelling south to the Gold Coast very easy. This trip could be completed in an hour, depending on traffic conditions.
Another advantage of this location is the South East Busway. The Greenslopes stop of this busway is 900m from The Pavilions 88. Inbound services go to the CBD, UQ, Roma Street and Chermside. These are very frequent, leaving every few minutes. Outbound services are also frequent, they go to places such as Loganholme, Garden City and 8 Mile Plains.
The South East Bikeway runs adjacent to the Busway into South Bank. It is a great bike ride that can get you into the CBD via the Goodwill Bridge in approximately 20 minutes, avoiding main roads the majority of the way.
Junction Park State School is a heritage listed school that is located on the same street as The Pavilions 88. It is just 100m away. This is a great selling point for young families. There is also a child care centre just across the road from the school. It is likely that this would attract traffic at school drop-off times.
Another benefit of this location is how close it is to shops. There are many shops within 300m, which means that residents of The Pavilions 88 would be able to do a variety of day-to-day activities on foot. Nearby shops include a newly upgraded Woolworths, two chemists, a doctor, a BWS, several restaurants and cafes, a butcher and a service station. The convenience of having all of this just minutes away cannot be overstated.
Annerley is a suburb that has experienced relatively high levels of population growth in recent years. Between the 2006 and 2011 Census, the population increased by 11% to record a total population of 10,671. The family tends to attract younger people – the predominant age group in the area is 25-34 years. The two most common household types are couples with children (31%) and couples without children (25%).
Quality and Finishes:
The aesthetic of this project is quite nice and well thought out. The floor and all highlights on the cabinetry are a timber-look finish. There is also timber-look panelling on the balconies which will look quite nice we think. Another nice feature of these apartments is the splash back in the kitchen that has a pattern similar to parquetry flooring. This feature pattern is repeated on one of the walls of the shower, which ties together the aesthetic of this project. These are subtle but welcome design elements that differentiate this project from many others in this price range.
The appliances for the project are yet to be finalised, but the oven, cooktop and slide-away range hood will all be mid-level European appliances according to the Developer. The cooktop will be gas. There will also be a wall-mounted 3.5kg dryer included in each apartment.
Another small but nice feature is that the kitchen sinks will all be 1 and 1/3, meaning they will have an extra, smaller sink on the side. The kitchen has cupboards that go to the full height of the apartment (2.6m). The kitchen bench top is a 20mm reconstituted stone and there is an extra storage space built into the end of the bench for displaying items such as books.
Whilst The Pavilions 88 are targeted at owner-occupiers, there have been several investment sales as well. The agents for this project have detailed information regarding rents and body corporate rates for each apartment type.
In general, the one (1) bedroom apartments have an average annual body corporate rate of $1,900 per year, whilst the two (2) bedroom rate is slightly higher at approximately $2,400.
In general, one bedroom apartments in the building are expected to achieve a weekly rent between $400 and $420. Two bedroom apartments are expected to achieve rents between $470 and $520 per week.
The developer is offering a rental guarantee to investors. This is a 5% guarantee for 12 months.
There will be onsite management at The Pavilions 88.
There are two other new projects in the immediate area. These are The Sandison and Aspect on Ekibin. This project is most similar to Aspect on Ekibin. The Sandison is the only project out of the three that offers three bedroom apartments. All of these projects are similar in that they are boutique buildings targeted at owner-occupiers, but they each have small differences that set them apart. We recommend that if you are in the market, speak to the sales agents to see which project would suit your needs best. Or, read the Property Mash reviews to see how they compare!
The developer for this project is Citimark Properties. Citimark is a large Australian property developer that has existed since 1991. In that time they have built more than 2,200 residences. The company is headquartered in Brisbane.
The Pavilions 88 will be built by a first-tier builder.