83 Victoria Street, Brisbane, Australia

CITRO West End embodies the qualities and standards that create the ideal urban apartment

Location

Citro West End is located 2.2km from CBD. 50m to major supermarket. 200m to ferry terminal. 15 min to airport. 3.5km to University of Queensland

Project Overview

Citro West End has a total of 106 one and two bedroom units

Why Citro West End

This vibrant new apartment building takes pride of place in one of Australia’s fastest growing urban and cultural precincts – West End. Colourful, enticing and sophisticated, the thoughtfully planned and beautifully appointed 1 and 2 bedroom apartments, each with a secure underground carspace are designed to maximize their surrounds and provide their owners with the epitome of ‘inner-city life’.

Open Corporation’s highly regarded Queensland development team was hand picked from among Australia’s largest property companies and we are proud to say that Open Corporation has become well known for its exceptional customer service and the consistent value offered to investors. CITRO West End is one such offering.

Set in the highly sought after, premium location of Brisbane’s 4101 postcode and only 2.2kms from Brisbane CBD, this architecturally designed 7 storey building utilizes a range of Environmentally Sustainable Design Principles to maximize comfort and liveability throughout its 106 apartments.

Edging the entertainment precinct of West End and surrounding cafes, parks and cycle ways, CITRO has been designed for life. With architecture that resonates with its subtropical urban environment incorporating deep balconies and sun shading, plus pool and recreation facilities set atop in the Sky Garden’s lush tropical landscaping, the city views are spectacular and the entertainment options are limitless.

With the West End and South Brisbane undergoing a revitalisation through the Brisbane City Council precinct plan, the precinct is being embraced as the perfect place for inner-city life. A range of significant projects including new bridges, ferry stops, art, cultural and retail additions along with parks and public spaces will add to the liveability and desirability of the area.

Education and Employment are major driving forces behind West End’s demand and the area is well equipped to cater for education of all ages. West End residents currently have three world-class universities and three of Brisbane’s premier schools, including the renowned Brisbane State High School within a radius of just over 3.5km. All ages are looked after with a selection of kindergartens and primary schools also within a short distance.

An incredibly fast growing area, West End is set to experience a substantial increase in population of roughly 179% by 2036. The projected population growth is expected to create demand for more than 6,900 new dwellings with the most economically active age group, the 25-44 year old, remaining the dominant demographic out to 2036. This is a by-product of the continued growth in surrounding infrastructure, ensuring that West End remains a desirable and resilient investment location.

Over the last two decades there has been 6% average capital appreciation for Brisbane Apartments driven by population growth. As an investment, CITRO West End provides strong fundamentals to satisfy the most ardent investor. The prime location and strong rental demand of West End and South Brisbane are returning an 11-30% rental premium over typical rental values in the area second only to the CBD itself. With the area boasting approximately 80,000 students and close on 25,000 white-collar CBD workers, CITRO West End has an excellent source of potential tenants.

Slated for completion in early 2016, CITRO West End is truly a once in a lifetime opportunity for a savvy investment.

Project Overview

Developer
Open Corporation and Mc Andrew Properties
Address
83 Victoria Street, West End, Brisbane, Australia
Tenure
Freehold
Description
1 Block 7 Storeys Building
Facilities
Sky Lounge, BBQ & Infinty Pool
T.O.P
Early 2016
Total No. Of Units
106 Residential Units

Unit Mix

Unit Type
Number of Units
Size (sqft)
1 Bed
52
635 – 797
2 Bed
54
893 – 1399
Total No. of Units
106

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