Demolition at 3-5 Wren St, Mount Pleasant is in progress to make way for Sanctuary apartments development.
Sales for the Sanctuary Mount Pleasant development have continued to perform strongly leading up to Christmas with over 45% of the project now SOLD.
The 8-storey residential development is proven to be popular among local owner occupiers and downsizers alike, with majority of Sanctuary purchasers being 50 years & over.
On offer are 1, 2, 3 and 4 bedroom apartments that are nearly 1.5 times larger than typical apartments on the market.
Developed by DevelopWise, Sanctuary is an exclusive collection of 47 luxuriously appointed house-sized residences to be built by Mercedes Construction part of the ZORZI Group, one of Perth’s most respected & prestigious luxury home builders since 1956.
Shortly after the FREE STAMP DUTY offer was announced, the incentive proved popular when over $3 Million worth of Sanctuary apartments were snapped up by local buyers in just one week.
“Sanctuary Mount Pleasant is one of the very few eligible projects and certainly one of the most premium on offer to capitalise on this free stamp duty incentive,” says John Woon, the managing director of DevelopWise.
“Sanctuary was designed with owner-occupiers and downsizers in mind. Not only is it just a short stroll away from the Esplanade and Canning River, it offers total exclusivity and privacy, low strata levies, low maintenance, over-sized living areas with an abundance of space and storage”
“In order for us to deliver a project of such high calibre, we have engaged highly regarded names in Perth’s luxury residential market that share our steadfast commitment to creating beautiful buildings that positively contribute to the neighbourhood in which they stand” says Mr Woon.
Prices start from $450K for a 1 bedroom, $725K for a 2 bedroom, $995K for a 3 bedroom and $1.5M for a 4 bedroom apartment.
Sanctuary Mount Pleasant is scheduled to start construction first half of 2020 with an estimated completion date of late 2021.