$162m Cambridge Residences moves to next phase

AFFORDABILITY-driven sales momentum has pushed the button on the next phase of the $162 million Cambridge Residences boutique apartment project in the heart of Robina.The third stage of the four-tower project has been brought forward and launched to the market offering a mix of one, two and three-bedroom apartments priced from just $330,000.Located in Laver Drive on the doorstep of Robina Town Centre, Cambridge Residences has achieved sellout and completion of its first stage, comprising 164 apartments across two towers.Project Manager for the development Graham Goldman, of Eastview Australia, said the developer was now turning its attention to the project’s next phase - buoyed by keen first home buyer and investor interest.Mr Goldman said construction of the third tower was scheduled to start in late February with completion by August 2019, with Condev Construction being appointed.“We expect Tower 3 will mirror the sales success that drove the sellout of the first two towers where buyers, particularly those buying their first home, were galvanised by the very reasonable price point,” Mr Goldman said.“Another compelling feature is the location on the doorstep of Robina Town Centre, which highlights the lifestyle benefits of being within walking distance of everything.“Residents are just minutes from a major shopping, dining and entertainment complex, public and private hospitals, a major medical precinct and Robina Train Station.“And they have easy access to the M1, connecting them with the wider Gold Coast region and Brisbane.”The Agency director of projects Steven Chen said Tower 3 of Cambridge Residences offered some of the best value apartments currently available for sale on the Gold Coast.“This is undoubtedly one of the most convenient and well-connected CBD locations in the city,” Mr Chen said.“That convenience combined with the attractive starting price point of $330,000 adds up to an enticing prospect for first home buyers and investors who want an affordable apartment in a sought-after location.”Tower 3 of Cambridge Residences will comprise 127 apartments across 12 levels with resident facilities including a swimming pool, gymnasium, barbecue area and basement parking.The range of apartment configurations on offer includes one-bedroom apartments priced from $330,000; one-bedroom plus study starting at $377,000; two-bedroom apartments from $415,000; two-bedroom plus a multi-purpose room selling from $465,000; and three-bedroom apartments from $626,000.Apartment sizes range from 74sqm to 158sqm including balcony and courtyard areas.Cambridge Residences is being developed by SPG Investment Holding Limited and Starwaly Asset Management Pty Ltd, and will ultimately have 386 apartments across four medium-rise towers.