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Landmark Toowong Construction Update Jan 2016
Landmark Toowong is a $60 million apartment development comprising 119 one, two and three-bedroom spacious apartments over 12 levels.
Open-plan design and orientation to maximise light and extensive views are key design features, along with Landmark’s large outdoor pool, podium deck and surrounding landscaped sundeck.
Located in the leafy, well-established suburb of Toowong which is extremely well serviced in all respects, and near to the Brisbane River, Landmark will appeal to both investors and owner occupiers.
Located at 2-6 Land Street, 500 metres from Toowong Village, the complex will comprise 119 one, two and three-bedroom apartments over 12 levels. There will be 44 one (1) bedroom apartments, each with a multi-purpose room, 11 one (1) bedroom apartments with a study and 20 one (1) bedroom ‘Parisians’ with a study area.
Looking down Land Street past Landmark Toowong
The building will also have 42 two (2) bedroom, two (2) bathroom and a study apartments, and only two three (3) bedroom, two (2) bathroom apartments, which also have a powder room and a study.
The one bedroom apartments range in size between 63m² and 94m², two bedroom apartments from 88 to 138m², and three bedroom apartments are 138m².
Landmark Toowong Internal Artists Impression with Kitchen
Landmark Toowong will have a landscaped podium with a gymnasium overlooking a large pool on the second level of the building. A café and deli at ground level has also been proposed so it should have some nice inhouse facilities.
According to the marketing literature Architect Nick Muslin opted for a theme of ‘floating boxes’ for Landmark’s exterior, with extensive landscaping and deep planting so that the building “blends with Toowong’s natural surroundings”. PM is not so sure the exterior is as exciting as all that, but it is a relatively attractive building without being striking.
Access to the above ground but secured car park, lobbies and facilities will be secure to residents only and each apartment will be fitted with an audio intercom.
Select apartments within the building should have views of the city and the river. We have not been supplied with enough information to ascertain which ones, but as most of the surround areas has already been built out, a visit onsite should readily make this apparent. An artists impress below portrays an excellent city view, presumably from the top floor. As always when buying off the plan, PM recommends you verify this yourself prior to purchase.
Landmark is located on Land Street, Toowong – just off Coronation Drive, Brisbane’s busiest road connecting Toowong and the CBD, which is about 4.5km away. A report summary by the Brisbane City Council for January to June 2015 showed an average of 75,405 vehicles traveled along Coronation Drive every day. As Landmark also lies on the Caboolture train line, both traffic and train noise is something that potential residents will have to consider. Direct proximity to both on the other hand make the building extremely well connected by road, rail and bus.
Toowong itself is a leafy suburb bordering the Brisbane River. The suburb has many natural surroundings, as well as an extensive retail precinct and excellent public transport.
Landmark is set back from the river by just 200m and a short stroll will find you at the Regatta ferry terminal as well as the Bicentennial Bikeway and walking track that takes you all the way into the city along the waterfront. On the corner of Coronation Drive and Sylvan Road, by the river, you will also find the Regatta Hotel, a sophisticated historic pub distinguished by its wrap-around, iron-lace verandahs. Complete with a bar, restaurant and café, the Regatta Hotel had a $10 million restoration after the 2011 floods. Land Street, Sylvan Road and Coronation Drive were also significantly affected during the floods.
Toowong Park is directly behind the building across the rail lines, and is easily accessed by walking 100m to Sylvan Rd.
Toowong Village, a bustling retail and dining precinct, is only 500 metres away. The shopping centre has a David Jones, Coles, Kmart, Grill’d and San Churro among many other shops and restaurants. The Toowong Library and Toowong train station are located within the complex. If you are looking for Woolworths, there is one on High Street with parking accessible via Sherwood Road. The Royal Exchange hotel, an iconic Australian pub much-loved by generations of university students, is also on High Street.
Toowong Village nearby
The local neighbourhood is highly populated with students as The University of Queensland’s St Lucia campus is only 2.5 km away and the Queensland University of Technology in the city only 4.4 km away. It takes about 10 minutes by bus to arrive at UQ and 10 minutes to the city with a short walk getting you to QUT.
The Caboolture train line runs through Toowong adjacent to Landmark’s development site. Toowong and Auchenflower train stations are both about a 700m walk however if you want to avoid the bustle of Toowong Village, the Auchenflower station is a better option. The train from Auchenflower takes seven minutes to arrive at Central station in the city.
If you would enjoy a more scenic ride into the city, the ferry docks in front of the Regatta Hotel and takes 10 minutes to arrive at the North Quay terminal. A ferry also travels to The University of Queensland in about 15 minutes.
So all in all public transport to and from Landmark Toowong is excellent by car, bus and train.
Many primary and secondary schools are located in and around Toowong. Just a 10-minute walk away you can find Toowong State School, a small co-ed primary school of 230 students. Brisbane Boys College, located 1.4 km away at Kensington Terrace, runs from Prep to Year 12 and also offers boarding school facilities. St Peters Lutheran College in Indooroopilly is a Christian co-ed school of Prep to Year 12 students which also offers boarding.
Just 3km towards the city is Suncorp Stadium, a sporting stadium with a capacity of 52,500 people. The stadium hosts major events – such as music concerts – and is the leading venue for State of Origin matches.
The Wesley Hospital is a private hospital with a 24-hour emergency centre, just 500 metres from Landmark. Toowong Private hospital is only 1 km away and major public hospitals, the Royal Brisbane and Women’s Hospital and Mater Hospital Brisbane, are both about 6 km away.
Neighbouring suburbs are Auchenflower, Taringa and Saint Lucia.
No information was available on finishes for these apartments at the time of writing. Artists impressions supplied by the Developer are provided below by way of reference.
Landmark Toowong Internal Artists Impression
Landmark Toowong Internal Artists Impression with view
Also on Land Street are two comparable, existing apartment buildings: The Regatta Riverside and Rivers on the Park, which are both of similar size and feature a pool and gym.
The CS Development Group commenced construction of the $60 million apartment development in May 2015 and Landmark Toowong is set for completion in August 2016. Most of their projects are inner city and they have a preference for larger floor plans whilst offering value for money.
Prices for these apartments start from $335,000 for a one-bedroom, $514,000 for two bedrooms, two bathrooms and a study, and $759,000 for three bedrooms, two bathrooms, powder room and study.
The estimated rental return for an unfurnished one-bedroom Parisian apartment is an average of $400 per week. The one-bedroom apartments with a study are expected to return $420 per week and $450 is the estimated return for the one-bedrooms with a multi-purpose room. The rental return for the two-bedroom apartments is estimated an average of $575 per week.
Body corporate fees will range from $59 to $71 per week for one-bedroom apartments and $79 to $84 per week for two-bedroom apartments, which is quite high but reflective of the amenity within the building.
The council rates will be approximately $1,400 to $1,600 per year (cost excluding water and sewerage).
No display suite is available at the moment.
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