More than 80 per cent of the $100 million South Bay village has been sold as Delfin Varsity Lakes gives home buyers their last chance to secure a piece of the lakeside village prior to project completion.
With only 15 blocks remaining, South Bay will be the last opportunity for Gold Coast buyers to claim their piece of Varsity Lakes, coined by the Colliers International Annual Property Watch Report as a 2010 ‘hot spot’.
Delfin Varsity Lakes senior project director Carl Bruhn said waterfront and near waterfront blocks at South Bay present a rare opportunity to become part of a highly sought after waterfront community.
“The final lots in South Bay represent Delfin’s final land sales in the award winning community, capturing the demand for low maintenance living in a village environment,” Mr Bruhn said.
“South Bay provides attractive living options with easy access to cafes, fresh food shops, boutique stores, lakeside recreation areas and a booming business centre.
Located on the eastern bank of Lake Orr, blocks are priced from $335,000 and range from 338 sqm to 643 sqm, and are designed to enhance the lakeside vistas on offer.
Holding approximately 400 metres of northerly water views looking towards Burleigh Heads, South Bay offers a variety of home design options aimed at providing a distinct blend of traditional architecture coupled with a coastal, contemporary feel.
As well as connecting the community’s 20 kilometre hike and bike network and village parks, South Bay will provide unparalleled access to Lake Orr, the proposed South Bay village centre, a future childcare centre and linkages to Varsity Central and Market Square via a pedestrian bridge.
South Bay is ideally located directly across from the Varsity College Primary Campus and is within a short walk or drive from the newly completed Varsity Lakes railway station, Varsity College Senior Campus and Bond University.
Recent research from Colliers International has dubbed Varsity Lakes a ‘hot spot’ based on current pricing levels, infrastructure, current property trends, access to amenities and the recent completion of the Varsity Lakes Rail Station.
According to the research, almost $500 million in developments are either underway or planned for the Varsity Lakes area, equating to 9% of $5.5 billion of projects for the region.
Upon completion, South Bay will provide more than 150 homes and apartments wrapping around the proposed village centre cafes and shops all centrally located on the magnificent 80 ha Lake Orr.
Currently celebrating its 10th anniversary, Varsity Lakes will comprise 4,500 homes upon projected completion in 2011 and up to 100,000-square metres of commercial space in town centre Varsity Central. It will become home to more than 10,000 residents and more than 6,000 employees.
Varsity Lakes is being developed by Delfin Lend Lease, Australia’s largest developer of master planned communities, with 25 projects nationally.
For further information, interviews or images please contact:
Frances Kinman / Ashleigh Stallard - BBS 07 3221 6711 / 0434 519 812
Abbey Trueman, Marketing Manager, Delfin Lend Lease, 07 5501 8254 / 0409 471 457
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