TriBeCa Terraces secure $36.5m in sales

With $36.5 million in sales and completion due in a matter of months, buyers are snapping up Di Carlo Property Group’s TriBeCa Terraces in Bulimba.Only a handful of the freehold contemporary residences remain with buyers quick to secure 38 of the 53 terraces in the tightly held inner city suburb.Di Carlo Property Group director Joshua Di Carlo said buyers in the first stage could expect to be living in their new homes by June while the second stage is due for completion in August.“We’ve certainly garnered a lot of interest from buyers who are excited at the prospect of moving into a brand-new home so quickly,” Mr Di Carlo said.“The terraces are in a prime position giving homeowners access to a range of different amenities which is set to be enhanced with the Bulimba Barracks re-development offering an entertainment precinct with riverfront restaurants and parks within walking distance.“TriBeCa Terraces really offers a well-rounded lifestyle where buyers can secure a modern, well- appointed home in a sought-after location and the market has had a strong response to this,” he said.Featuring large living and kitchen areas, multiple balconies, generous third bedrooms, multiple bathrooms, ground-floor courtyards, double garages, extensive landscaping and recreation areas, TriBeCa Terraces has proven popular with families.Among the recent purchasers are Skye and Simon Whyte who are eagerly awaiting their move to TriBeCa Terraces with their daughter Chelsea.The couple have purchased a three storey, three-bedroom terrace featuring three bathrooms with a powder room and single garage.Mrs Whyte said they had not been house hunting long when they came across TriBeCa Terraces, which immediately appealed to them because of its location, build quality, high-end specifications and design layout.“Having lived in Bulimba and the surrounding area for the past six years we have become very familiar with the area and the lifestyle it offers which is second to none in our opinion, so being able to buy locally was a major drawcard,” Mrs Whyte said.“Working busy corporate jobs means the time we have at home is minimal, so we wanted a lifestyle of convenience.“We love that we’re only a short ferry ride to Tenerife or Portside and it’s a very relaxing way to travel to work. A lot is to be said for the calmness that commuting to work via the river brings into your life,” she said.Mrs Whyte said the freehold aspect of the terraces which has given them the unique opportunity to own the block of land that their terrace home resides on, together with the quality of the terraces was also a selling point.“The architecturally designed terraces offering an exclusive and high-end finish was the exact product that we were looking for,” she said.“Having the third bedroom located on the ground floor instead of the first has really maximised the living and dining space. Our daughter is 10 years old, so as she gets older she will appreciate her own “private” area on the ground floor.“The freehold aspect was by far one of the most appealing components in our decision to purchase.“Also knowing a high percentage of other local owner occupiers had purchased into the development really solidified our decision to buy and we can’t wait to move in,” she said.The TriBeCa Terraces project is taking shape on a site stretching from Banya Street to Johnston Street, and is easy walking distance to both Apollo Road ferry terminal and Oxford Street’s vibrant retail, dining and entertainment hub.TriBeCa’s residents will have access to a range of lifestyle facilities, including two recreation areas encompassing a luxury swimming pool, lush outdoor entertaining areas for exercise and relaxation and generous storage for bicycles.TriBeCa Terraces is part of an extensive portfolio of residential, commercial and mixed-use projects undertaken by the family-owned Di Carlo Property Group across South-East Queensland since the mid-1980s.The group’s residential developments encompass townhouses, apartments and land subdivisions, with recent projects including Ebony + Ivory at Coorparoo and Element Bulimba.