SMSF Property Australia unveils $11m Botanica by the Bay

Botanica by the Bay, a quality townhouse development at Manly West, is poised to bring a new level of parkside living to Brisbane’s popular waterfront suburbs.The staged project is located at Rosedene Street on a site that borders a nature reserve and nearby Heers Park, just a short drive from Manly Harbour.The $11 million boutique project, which is being developed by the innovative group SMSF Property Australia, will bring a total of 18 upscale townhouses to the market.The first stage comprises of four residences, each with three bedrooms and two bathrooms, and is already completed.Construction is about to start on the second stage, which will deliver a further seven residences in three and four-bedroom configurations. These will offer a mix of two and three bathrooms, with the larger residences complemented with double-car garages.“Botanica has been designed with the owner-occupier in mind to meet the demand for quality residences in this sought-after suburb,” said Candice Taylor, the Property Sales Manager of Savesta Property.“The spacious, well-appointed townhouses are perfect for a range of buyers, including young families, professional couples and downsizers. They feature open-plan design with spacious master bedrooms and, especially important for some buyers, Botanica is very pet friendly.”Among the quality inclusions are bamboo timber flooring, 40mm stone kitchen benches, 20mm stone bathroom vanities and air-conditioning throughout.With low body corporate fees and a strong demand for rentals on Brisbane’s bayside, Botanica is also expected to appeal to investors.To complement the parkside location, part of the Botanica by the Bay site is dedicated to open space as part of the Priority Infrastructure Plan to provide a local corridor park link.Townhouses are priced from $475,000 for three-bedroom configurations and from $655,000 for four-bedroom residences.Since 2014, SMSF Property Australian has successfully completed a range of residential projects across Brisbane since 2014 by utilising a unique funding model that does not rely on bank debt.This no bank debt model is one of the products being offered by SMSF Property Capital.