cirrus-5

Cirrus presents a unique investor's opportunity in Belconnen

Market Insights
5 years ago
4 minutes

Cirrus marks a new standard of residences in Belconnen, an area where rental returns are as high as 6% and a wealth of educational and health facilities lie nearby.

The dual waterfront towers are an ambitious new chapter for Per Se, one of Australia’s leading property developers. Conceived with the help of Redgen Mathieson — a highly reputed architectural practice based in Sydney — Cirrus is the epitome of elevated design.

Every home has 100% guaranteed north-facing waterfront views, and thanks to a prime position at the edge of Lake Ginninderra, there is no chance of these views ever being obstructed by another building.

“As a major town centre, Belconnen is anchored by various Commonwealth Government departments,” says Anthony Tokich, Managing Director of Per Se Developments.

“Many of those employees are attracted to the idea of living close to work in an area serviced by excellent modern amenities, such as Canberra’s largest Westfield and the Lake Ginninderra foreshore — and Cirrus sits in the heart of it all.”

The collection of one, two, and three bedroom apartments and a limited supply of penthouses has been designed with a minimalist’s approach. Each is a lesson in masterful simplicity.

The kitchens promote airy and spacious open plan living. Island benches are wrapped in crisp white surfaces with timber grained joinery. Undermount sinks, integrated dishwashers, generous storage and stainless steel European appliances not only create a sleek, streamlined look but also enhance the cooking experience.

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When dining, residents and tenants can enjoy cityscape views, made even more accessible by windows which are cantilevered over the side of the building. Main living areas are offered in a choice of two neutral colour palettes, harmonising these spaces with the natural light streaming in.

The penthouse terrace apartment is positioned at Cirrus’ apex. The extensive pavilion terrace wraps around two sides of the residence and includes a large undercover area for outdoor entertaining in all weather.

On the ground floor and level one, a shared pool and gym connect the two towers, with a communal garden on the south side of Cirrus providing private seating and gorgeous outlooks. Also downstairs, spaces are devoted to five restaurants across the colonnade facing the shorefront. The public dining space will integrate with a generously sized and serviced terrace area at the foot of Emu Bank.

While the retail on the ground floor is yet to be announced, Anthony believes the direct views over the lake and total north-facing frontage mean these indoor-outdoor spaces will be spectacular and are already hotly contested.

Located just 7km from Canberra’s CBD, the lakefront area encompasses a thriving town centre, plenty of parks, shops, restaurants, and art venues. Iconic landmarks lie along the border, including a sweeping nature reserve and Black Mountain.

Home to over 280 stores and services, Westfield Belconnen resides just opposite Cirrus and is a cornerstone of convenience for the local community. Fashion enthusiasts frequent the array of department stores and designer labels and there is a range of homewares, technology and gift stores. The Hoyts cinema is a hit every school holidays, and there’s an array of delis, butchers and supermarkets.

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The University of Canberra lies a short walk away, a factor that already draws many students to the local area in Belconnen. “With a high amount of employment already at the doorstep as well as the University of Canberra only minutes away, Cirrus presents a unique opportunity for investors,” Anthony says.

“Add to this the fact that Canberra rental vacancies sit well below one per cent, and investors are sure to enjoy strong yields at Cirrus.”

The area’s relaxed local charm is further enhanced by its proximity to a number of cultural and recreational sites such as the Belconnen Arts Centre, and GIO Stadium, which hosts NRL games and international music festivals.

An affordable premium residential offering surrounded by enviable amenity — Cirrus is a tremendous investment opportunity.

Enquire here to find out more about Cirrus.