Terrace Collection sells out at Henzell Property Group’s The Cove

The luxury residences in the first stage of the Sunshine Coast master-planned community were snapped up for a combined $12 million.

The announcement:

Sunshine Coast developer Henzell Property Group has achieved a sell-out of an exclusive release of luxury residences in the first stage of The Cove, a $200 million master-planned community at Pelican Waters.

All 15 homes in the Terrace Collection have been snapped up for a total of $12 million.

The sales are among 39 of 51 properties sold so far in the first stage known as Corsica Residences, which comprises two separate collections of superbly finished townhomes and apartments.

The Terrace Collection brought to the market five Penthouse Terraces and 10 Premium Terraces offering spacious townhomes that have appealed to downsizers and owner-occupiers looking for resort-style living on the Sunshine Coast.

Buyers were quick to move on the luxury Penthouse Terraces, signing up for all five of them within a week of their release.

“The Terrace Collection proved to be extremely popular with buyers, many of them attracted by the premium lifestyle we have designed for The Cove waterfront community,” said Marcus Muir, Sales and Marketing Director at Henzell Property Group.

“There’s been a strong local owner occupier trend, with 80% of buyers from Pelican Waters, and all of them have been drawn by the quality of the residences and the level of exclusive resident amenities that would be right at home in a world-class resort.

“We’re experiencing exceptional demand across the entire Corsica Residences release which has set a remarkable early pace for our staged program to deliver The Cove’s master plan over the next few years.”

Apartments and terrace homes at the Corsica Residences have been designed to offer ample storage, expansive kitchens and living spaces designed for entertaining and unwinding, as well as large master-bedrooms with walk-in wardrobes.

Adding to the word-class feeling of the project, The Cove will offer a range of luxury, resort-inspired amenities including an outdoor lagoon style pool with a swim up bar set within a tropical landscape and reserved for the exclusive use of residents.

The sales success of the Terrace Collection has led Henzell Property Group making a start to construction in May/June.

The Cove is the final instalment in the Pelican Waters community which the Henzell family has been developing for more than 30 years.

The master-planned community will be delivered in four stages over the next four years and when completed it will comprise a total of 220 apartments and terrace homes, a grocer and waterfront restaurant. Adding to the appeal of The Cove is its location close to the Pelican Waters Town Centre and Marina, which is the vibrant lifestyle heart of the emerging residential precinct.


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