Backed by Bensons Property Group’s 25 years of experience and designed by Marchese Partners, Chevron One Residences brings an exclusive private island experience to Gold Coast’s Chevron Island. The $230m luxury apartment development includes 247 high-quality homes and over 2,000sqm of exclusive resident amenities and has piqued the interest of both owner-occupiers and investors from across the nation.
Looking at the numbers, it’s clear why investors nationwide are looking at Chevron One. The development offers the ideal opportunity for those looking to invest in a holiday investment property. All apartments are offered with rental guarantees - providing peace of mind and assurance the investment is positively geared. With a guaranteed rental return of 6% for five years at up to $3,600 per month, a 2 bedroom Chevron One apartment priced at $720,000 offers purchasers a yearly net profit of approximately $2,700 after expenses. In addition to owning a property that essentially pays for itself, investors will also be pleased to find they themselves can enjoy all Chevron One has to offer for free for 14 nights a year.
Industry heavyweight, Marchese Partners, has delivered a stunning design for all Chevron One residences. In addition to featuring light-filled intuitive spaces, the design and layout are grounded on functionality and liveability. Kitchens were created in collaboration with renowned chef, Shannon Bennet to offer a contemporary design, range of state-of-the-art Miele appliances and practicality at its core.
Indoor-outdoor living is another key focus; large open-plan living areas open up to generously proportioned balconies to extend residents’ entertaining spaces. Depending on the apartment, balconies can add up to 100sqm of liveable space - considerably larger than similar apartments on Chevron Island.
The calculated use of glass on the floor-to-ceiling windows and balcony balustrades that perimeter each apartment creates a dramatic visual effect - the uninterrupted ocean and hinterland views are the unabashed heroes of the design. Offering near panoramic views extends sightlines and offers each apartment a unique aesthetic unlike anything else on the Gold Coast. Both investors and owner-occupiers will also be pleased to know the views are future-proof; “our never to be built-out views are one of the key characteristics of Chevron One that really set it apart,” says Alberto Palombaro, Senior Development Manager of Bensons Property Group.
Investors from Melbourne, Sydney and Brisbane have already secured apartments in Chevron One as an initial investment with intention to move in five years. Similarly, the development has also garnered significant interest from local owner-occupiers. Alberto explains, “since the start of the pandemic, our level of enquiry for high-end properties in the $2m+ range at Chevron One has really spiked, resulting in a handful of very large, high-end residences at Chevron One selling to local owner-occupiers. Buyers at this level expect quality fixtures, fittings and appliances plus the ability to customise the design where requested.”
He continues, “in terms of what sets Chevron One apart, I would say our level of quality and finish compared to the competition, our ‘never to be built-out’ views, and of course the 2,000sqm of amenities in the building - one of the largest amenities offerings of any development on the Gold Coast.”