Time ripens for TOD


The Transport Oriented Development concept is about to be realised in Brisbane alongside the South East Busway

Time ripens for TOD
Time ripens for TOD

February 23, 2012

Land adjacent to the southern end of Brisbane’s South East Busway is set to become an urban ‘hotspot’ with the first approved Transit Oriented Development (TOD) in the area.

The 38-apartment complex, Centrus One, will be located adjacent to the South East Busway transit corridor, linking residents to the city via the noted bus-only highway in just 15 minutes during peak hour.

Centrus One is an Urban Development Institute of Australia’s awarded master-planned community comprising of townhouses and a retail precinct, set for construction from late April.

Brisbane City Councillor for Wishart ward, Krista Adams has endorsed the highly anticipated development.

"Centrus One is a new and exciting development that will offer the best in accommodation and local amenity," Adams says.

"On the doorstep of the South East Busway and 40 minutes to the Gold Coast, Centrus One delivers the best Brisbane has for both work and play."

Centrus One Sales and Marketing Manager Peter Freemantle, pictured, says it was easy to see why the development had received such positive feedback with direct access to the M1, Logan and Pacific Motorways.

"This central location suits the city commuter, the frequent flyer, local young professionals and students at the nearby university while being the perfect gateway to the Gold Coast," Freemantle says.

"They are just some of the people who want a bigger, cheaper apartment and still have great transport access to the CBD and beyond.

"We are confident that this location will make transport much easier for residents, and are offering a 12 month Go Card to each buyer upon settlement."

The Centrus One apartments are situated a 15 minute drive from the Brisbane CBD, 18 minutes to the Brisbane Airport, 40 minutes from the Gold Coast, five minutes from Griffith University and three minutes from Westfield Garden City.

Freemantle says not only would Centrus One provide convenient residential options, it would also be a good investment opportunity.

"Our ethos is providing affordable residential living for people in the community," he says.

"Centrus One is situated in a high-yielding area and is a popular location from a rental point of view.

"We forecast rental yields to be in excess of 5 percent per annum."

Freemantle says Centrus One would alter the perception of inner city living.

"As our dynamic city continues to grow, suburbs within a 15km radius of the city are becoming more attractive and this pocket is significantly undervalued.

"It is the first multi-level complex in the local area and being a six story development each apartment has a range of pleasant views, with most overlooking greenery and parklands.

"Centrus One will provide residential living while also increasing house and land prices for the region."

Nineteen apartments have already been sold, with just four left to sell at off-the-plan prices before building commences.

Designed by AG Architects and to be built by McNab, Centrus One will also feature pre-laid high-speed fibre optic cable, providing the highest speed broadband in Australia.

The Centrus One site is located on the corners of Miles Platting Road and Holmead Road, Eight Mile Plains. The project is expected to be completed in March 2013.

Centrus One is classified as a TOD being a high quality, medium-to-high density residential and commercial development within walking distance of public transport.

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