Belise – 21 level building on the doorstep of the RNA Showgrounds

By: Property Mash: May 24, 2016, Updated: June 20, 2018

Key Points:

  • 228 x one (1) bedroom, two (2) bedroom and three (3) bedroom apartments
  • A short walk from the RNA Showground redevelopment
  • City Views
  • Bowen Hills location, inner north Brisbane
  • Prices from $355,000.
Belise Construction Update December 2016
Belise Construction Status May 2016
Belise Construction Status May 2016
(Photos Taken 9/2/16)
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Belise apartments is a 21 level building currently under construction in Bowen Hills, Brisbane. Sitting one block from the RNA Showgrounds, it stands to benefit from the RNA Showgrounds redevelopment and the number of residential, retail and commercial buildings that feature in that master planned project.

Belise will offer residents a hotel-style, 6-metre high ceiling lobby with a reception lounge, bar, café and meeting rooms on the ground floor.  It will also have a grand porte-cochere stylish entry.

Apartments have above average finishes in general is our view. The development sits on St Pauls Terrace, which is a major road into and out of the CBD, you can expect some traffic noise, although we would expect this to mostly be a low level hum, as it will often be gridlocked during peak traffic times.

The 228 apartments are currently under construction and are scheduled to be completed by June 2016.

The Project

This project had a rocky start. The land was bought in 2001 by Group Kildey but construction didn’t begin for another decade, after the company entered into a joint venture with Reed Project Group, a successful developer based on the Sunshine Coast of Queensland.

Belise has 27 different floor plans and each apartment is allocated one car park.

Residents will be able to enjoy the heated resort pool, a sauna, spa and fully equipped gymnasium on level seven.

Belise Recreational Area - Artists Impression

Belise Recreational Area – Artists Impression

A ‘sunset lounge’ on level 21 is also available for residents, providing an elevated BBQ and recreation area. Having the two recreation areas for residents, level seven and 21, is a nice feature and one we are sure residents will appreciate. Views from level 21 are sure to be spectacular. Given the height of the project and its elevated position on somewhat of a ‘hill’ overlooking the RNA Showgrounds and surrounding suburb, it is highly unlikely that you will loose your views in the future, at least for the higher level apartments.

Belise_Sunset_Lounge_Artists_Impression

Belise Sunset Lounge on Level 21 – Artists Impression

The ground floor of Belise will be for commercial use. Cafes and bars are planned for the ground floor! Belise will also have three executive function rooms as well which will be a nice touch for executive owner occupiers and party goers in general no doubt.

Many apartments feature a multi-purpose room which can be used as a study or perhaps a spare bedroom.

Belise_Sample_Floorplan

Belise Sample Floorplan

Fully-ducted air conditioning will also feature throughout every apartment.

The Yards apartments, part of the RNA Showground redevelopment plan, are the most obvious competition for Belise. A short walk away towards Fortitude Valley you will find a number of similarly larger buildings that will offer a comparative product.

The Developer Group Kildey has worked on property projects for more than 30 years. Among their projects is the Abbey Hotel in Brisbane’s CBD. The family-based company’s goal is to produce well-presented and delivered products of great quality. Reed Property Group is a successful developer and builder who has delivered a number of similarly sized projects in the past.

RCQ Construction, an affiliated company of Reed Property Group, are building Belise. With more than 30 years experience in commercial building, some of their projects include Crowne Plaza Pelican Waters Golf Resort and Spa in Caloundra, Settler’s Cove in Noosa and the restoration of the Grand Hotel in Gladstone.

Location

Belise is located on the border of Bowen Hills, 1.5km away from the CBD and 15 minutes from the Brisbane Airport.

The apartments are one block from the RNA Showgrounds (also known as the Brisbane Exhibition Ground), home to what Queenslanders call ‘The Ekka’.  The Ekka is an annual agricultural show, with competitions, food stalls, exhibits, educational displays, prize livestock and other animals, live entertainment and nightly fireworks displays. The Ekka’s Sideshow Alley has carnival rides and a massive show bag pavilion. The Ekka attracts more than 400,000 visitors and is held in the second week of August.

The Showgrounds also hosts various other festivals and expos throughout the year.

The RNA Showgrounds precinct is currently undergoing a $3 billion redevelopment, a 15-year project that began in 2011 and is set to rejuvenate the suburb and unlock significant additional use of the showgrounds land.

If you are looking for entertainment then you can wander over to the Twelfth Night Theatre, only a 5 minute walk from Belise.

Bowen Hills borders on both Fortitude Valley and the CBD. The Fortitude Valley entertainment precinct has emerged in the past 10 years to become Brisbane’s most popular restaurant and bar scene, and is a hive of activity most times of the day or night. Belise is only a 5 minute walk from all of this action so whilst it is a Bowen Hills address, it is very close to the Valley action.

The Emporium precinct, a popular location in Fortitude Valley, is a three-minute drive and provides many restaurants and retail stores including the Emporium Bar, Grill’d, Guzman Y Gomez and Mecca Bah. This precinct is a great place to shop and enjoy fine dining.

There are two supermarkets – IGA in Bowen Hills and Aldi in Fortitude Valley – within a two-minute drive. Homemaker The Valley in Fortitude Valley is a similar distance and offers a wide range of furniture stores that can help with moving into Belise.

The Valley Metro Shopping Centre and James Street Retail Precinct are within 2km of Belise and they offer high quality fashion and dining. Palace Centro Cinemas is within a three-minute drive.

The Fortitude Valley train station is approximately 5 – 10 minute walk away.

The population of Bowen Hills is 1,744, mostly single professionals aged 20-30.

Neighbouring suburbs include the CBD, Albion, Windsor, Newstead, Spring Hill and Fortitude Valley.

Pricing & Rentals:

Prices for two bedroom apartments start at $484,000 and the two bedroom apartments with multi-purpose rooms start at $582,000.

The Residex State Market Report for Queensland April 2016 has a medium value for apartment for Bowen Hills as $444,000 and median weekly rent of $445. Please remember that this figures cover both new and older apartments within the suburb.

Body corporate fee’s are expected to be $4,400 to $5,800 per year.

Qualities & Finishes:

As stated above in general the finishes in the Belise are above average. Bathrooms have marble vanities, smart flush toilets with concealed cistern and soft close seats, rainhead and hand showers with floor-to-ceiling tiles and mirror.

Each master bedroom will have walk-through wardrobes and will be fitted with 100 per cent wool carpet.

Kitchens will have stone bench tops, Smeg appliances and a fully integrated fridge/freezer, dishwasher, range hood and microwaves. The drawers in the kitchen will be soft closing and there will also be an undermount sink.

Bulkheads with down-lighting will be placed in the kitchen and master bedroom. Apartments have ducted air conditioning throughout.

Transport, Schools & Amenities:

Belise is located near several schools, all within five minutes drive:  All Hallows Catholic Girls School, St Joseph’s Catholic Boys School, Brisbane Central State School, New Farm State School, St James Roman Catholic Boys College, Brisbane Girls Grammar School and Brisbane Boys Grammar School. None are really within walking distance.

The nearest hospital is the Royal Brisbane and Women’s Hospital, a four-minute drive or 15-minute walk from Belise.

Most of the major university campuses in Brisbane can be easily reached via the Fortitude Valley Train Station or via the regular bus services that travel down St Pauls Terrace.

Sales & Office Displays:

No display suite is currently open.

Developer Promotional Video:

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