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Elysian Broadbeach is the newest development to add to the Gold Coast skyline, situated at 185 Old Burleigh Road. Developers, Spyre Group, acquired the 825 square-metre site which was previously home to an older block of eight units in May of 2017. Construction is now well underway and the apartments are due for completion by December of 2019. Elysian will feature two and three-bedroom apartments as well as three beach villas, half-floor sub-penthouses and two full-floor penthouse residences. Joining the ranks of Gold Coast’s most impressive apartments with equally impressive views, the Elysian Broadbeach apartments will be a much-welcomed addition to the area. Originally designed with 65 residences in total, Elysian is now 58 apartments due to owner-occupiers joining two apartments together to create a larger space.
Construction on Elysian Broadbeach apartments is scheduled to be complete by December 2019 and over 65% of the apartments are already sold. The development is situated right on the beach at Broadbeach, and at twenty-one stories high, will make a noticeable difference to the skyline of the Southern Gold Coast. With a maximum of four apartments per floor, privacy and a sense of exclusivity will be noticeable. There are a few beachfront-style villas spread across the lower three levels selling from $1.525 million. These have direct street access to the front door and the living area is spread over three levels. The penthouse suites at Elysian will set you back a cool $4.7 million.
The building shape is definitely worth noting. With the incorporation of additional glazing that overlaps the external east side of some balconies, sees the creation of what appears to be a curved building. With floor-to-ceiling glass in all apartments, an abundance of natural light and the beach views are brought in.
The two-bedroom apartments range from 79m² to a sizable 131m², with variable balcony space for each floor plan. The design remains open-plan throughout all of the fifteen different floor plans. The building offers a state-of-the-art parking system called Hercules, designed to create valet-feel, “fuss-free parking”, providing extra security and damage protection for the vehicle too. The car parking system safely and securely parks your car for you from the ground level and returns the car to ground level when you are ready to go out again.
Combined with a virtual concierge system, My Butler, which is designed to not only assist in booking both onsite facilities and local services (car-washes, cleaners, dry-cleaning) but provide a communication portal with building managers and strata managers, innovation is at the heart of the design. Spyre Group has already introduced the My Butler system into a previously completed development.
But remember that…
Elysian Broadbeach apartments are popping up right behind Pratten Park, a mere 70m from the beachfront. Situated between Mermaid Beach and Surfers Paradise, the vibrant community of Broadbeach is right at the doorstep. Within a 500 metre radius of the building, you’ll find Broadbeach State School and two different dining precincts: Surf Parade Dining Precinct and Oracle Dining/Retail Precinct. The newly-renovated Kurrarwa Surf Club also sneaks in there at just under half a kilometre away. The location of Elysian right on this corner block, with the school across the road on one side, and the ocean and park out to the East, means there’s zero chance of your expansive views being built out.
With a location towards at the Southern end of Broadbeach, the Elysian apartments will be tucked away from the bustling centre of the township, which is definitely an appealing aspect for owners.
A little further away, (only 600m behind Elysian) you’ll find Pacific Fair Shopping Centre, Woolworths and Coles, Gold Coast Exhibition Centre and The Star Casino — all within walking distance.
Old Burleigh Road can be accessed from either Hooker Bulivard (coming off Southport Burleigh Road) or along the Gold Coast Highway. The Elysian building is situated right on the corner of Old Burleigh Road, which runs parallel to the beach, and Margaret Street. There are three different resorts on Margaret Street, so expect to see quite a few tourists around the area (which is fairly standard for most suburbs on the Gold Coast).
In the building itself, Elysian has a sauna room as well as a fully-equipped gym and yoga studio. Level 2 features a dining area for residents and their guests to enjoy. The pool, also situated on the second floor, has great views out to the ocean and architecturally designed glass panelling.
The automated parking system and My Butler virtual concierge are also two key features of this development. The automated car parking system is on standby to park your car for you at any time of day. When pulling into the car park, simply stop your car on the automated carousel, push a few buttons and that’s all you have to do. The parking system will then safely park your car for you in the secure carpark underneath the building. The My Butler concierge system is also available 24/7.
The two-bedroom apartments are situated on Levels 3 – 16 and all have two bathrooms and a balcony with views to the beach. The majority of floor plans offer an internal area of between 70m² and 85m² and an external balcony/terrace space between 9m² and 22m².
Level 3 features a few exceptionally large two-bedroom apartments with a maximum internal area of 97m² and a whopping 34m² terrace. These offer open-plan living and full-height glazing. The Level 3 apartments also feature a kitchen island bench and a dual vanity in the ensuite.
In terms of the three-bedroom apartments (of which there’s only two still unsold), these are situated on Levels 4 to 18 with a total floor space of 124m². As well as the private balcony off the main bedroom, the three-bedroom apartments also offer a free-standing bath. Not to mention, of course, those panoramic ocean views.
The other three-bedroom options are the three beachfront villas available as a part of the Elysian Broadbeach development, of which two are still available. These villas are spread over the bottom three levels of the building and include a private courtyard with direct street access. All villas have three bathrooms, a large kitchen with butler’s pantry and walk-in wardrobes in both the master and secondary bedrooms. These villas would be great options for downsizers wanting the beachside lifestyle.
The penthouse suites are something else entirely, with ocean, hinterland and city views around all 360 degrees of the apartment. North-facing large balconies of 108m² complement the luxury 302m² interiors. The finishes of the penthouse suite, as to be expected, have been taken to another height of luxury with designs and finishes not seen within the main apartment finishes.
In most floor plans of the two-bedroom apartments, the bedrooms are situated at opposite ends of the home, making the layout perfect for young professionals to share with a roommate. All apartments also have open-plan living opening onto the balcony which maximises sea breezes and coastal views.
The entire Elysian Broadbeach building offers built-in SMEG appliances and modern luxury styling with imported stone for the benchtops and splashbacks. The living and dining areas are finished with timber flooring and the kitchen and bathrooms are adorned with bespoke tapware.
With the limited number of apartments combined with the finishes, technology and most importantly location, we anticipate Elysian to be mostly owner-occupier but with a portion of investors as well. Broadbeach as a suburb typically has a 50/50 split between owner-occupiers and investors, with the split in Elysian currently at 65% owner occupiers and 35% investors.
The median price for a two-bedroom unit in Broadbeach is $520,000, meaning Elysian does sit in a market substantially above the median. 59% of the population in Broadbeach are renters, and rental occupancy rates are lower than average in this suburb. The average rental for a two-bedroom unit is $448 per week, with Elysian’s two-bedrooms anticipated to achieve between $600-$1000 per week, as higher returns are generally achieved for beachfront apartments with views and two carparks.
Body corporate fees for Elysian range from:
With over $250 million worth of luxury developments in Australia, Spyre Group are a key player throughout Queensland. As well as Elysian, Spyre Group is also currently developing the boutique Zahra apartments in New Farm, which received the UDIA Marketing Excellence Award for 2017 and Soko Waterfront apartments in West End.
Onsite display suite available at 185 Old Burleigh Road, Broadbeach. Open daily from 10am – 4pm.