$5m high-end apartment development slated for Davidson Street
A $5million property development on 33 Davidson Street featuring two and three-bedroom apartments has been given the green light and is scheduled to be completed by the end of 2017.
Anchor Apartments will feature high-end finishes. They are all spacious and will feature basement car parking, a swimming pool, lockup storage and in walking distance to Macrossan St and the famous 4 mile beach. On offer are 8x2 bedroom apartments and 2 x dual level three-bedroom apartments.
The approximate prices for the three-bedroom apartments will be $1.175m, and the two-bedroom apartments will start from $760,000-$780,000.
“After seven months of extensive planning and working closely with Hunt Design, we managed to come up with something different and unique that has not been done in Port Douglas.
“We wanted to create something cutting edge but keeping that Queenslander feel. We received the green light from Douglas Shire Council in November,” said Daniel Hunter, Managing Director,
DHD Corp is run by the 29-year-old Hunter, who is originally from Melbourne. His company concentrates on boutique developments in desired locations including the USA and is aiming to do more in Port Douglas over the coming years.
In the US, DHD focuses on the Los Angeles market which includes high-end homes and small boutique apartment buildings on the Westside of Los Angeles including Santa Monica and West Hollywood.
“We saw an opportunity with the site from day one and given its location, we knew we could create something special. This has to be one of the most recent apartment developments in many years.
“We've been watching the Port Douglas market for quite some time and we observed there is still a strong demand for a top-end product in the area. Given the increase in tourism, we believe the majority of interest will come from the southern markets,” said Hunter.
Hunter said the project works out to be approximately $5million. “And due to the recent tourism statistics and accommodation, the yield is impressive which will encourage several Australian and international investors.
“We have already registered interest with a few pre-sales,” he said
The project will be constructed by a Cairns-based building company.
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