Chester & Ella

MANAGEMENT RIGHTS

2 TOW E R S | 3 1 9 A PA R TM E N T S | 1 B O DY C O R P O R AT E

resort brokers presents

defined by quality architecture,

superior craftsmanship and a lifestyle of luxury and convenience

CO N TEN TS Opportunity overview Executive summary Development overview

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- chester - ella

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Interior expression Exclusive amenity Development team Location overview Rental market overview Eat, drink, love life Sales process Contacts

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Singular quality and superior location come together in this sought-after address.

OPPORTU N I TY OVERVI EW Resort Brokers Australia very proudly presents this outstanding off-the-plan management rights opportunity, among the last to be offered during the current development cycle in one of Brisbane’s most sought-after lifestyle precincts.

Chester & Ella, two striking towers with a total of 319 apartments, are the first to be developed in Brisbane by award-winning Melbourne-based Kokoda Property. For 20 years, Kokoda has created luxury landmarks in Melbourne’s most desired suburbs.

Now Kokoda Property’s unwavering commitment to quality and eye for premium location bring to Brisbane a residential oasis of upscale hotel-style amenity – an international-standard address befitting this emerging new world city.

Chester & Ella are named for the streets that meet at their base, just two blocks from the city’s hottest food, fashion and lifestyle strip, James Street. This is sophisticated inner-city living at its finest, less than 2km from the Brisbane CBD. While each tower boasts individual design features, they benefit from coverage by a single Body Corporate. Rising to 18 storeys, Chester & Ella deliver a rare level of upscale amenity – from individual, designer lobbies and concierge service (fully funded by the body corporate) to chef-style private dining, fitness facilities, outdoor cinema, and a soaring rooftop pool and spa terrace on each rooftop.

The developer’s signature quality, seen in even the finest of detail, has propelled Chester & Ella to be the city’s top-performing apartment development. Prior to construction starting (Q4 2017), pre-sales in Chester had already climbed to 90%, while Ella had reached 80% pre-sales.

In a maturing market flush with choice, investors’ attention has turned to a product of distinction. And so it will be in an increasingly discerning residential rental market.

Well informed tenants, demanding high design values, are forever chasing the next, the newest. Chester & Ella looks set to be the newest and best for some time, until the next property cycle.

Even in a competitive market, premium product always commands premium rental rates, as independently assessed by respected industry analysts Urbis, and a sizeable projected net profit of $892,390. The management rights to Chester & Ella present a compelling off-the-plan opportunity of rare scale and calibre.

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SOPHISTICATED INNER-CITY LIVING AT ITS FINEST

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2 TOWERS 319 APARTMENTS 1 BODY CORPORATE

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executive summary -

Address:

Corner Chester and Ella Streets, Newstead, Brisbane

Building type:

Highrise towers – 2 x 18 levels – with a shared podium

Expected completion:

Construction commences Q4 2017 Completion due August 2019

No. of apartments:

Chester Ella Total

Terms of agreement:

Brand new 25-year term

Module:

Accommodation

Office / reception:

Reception in Chester ground floor lobby. Office located on level 2 of the podium under the Chester tower.

Manager’s unit:

A quality 2-bedroom, 2-bathroom ground floor apartment is available for purchase in Ella, with total living area of 87m2, including a 16m2 outdoor terrace.

(Manager’s unit not attached to the agreements)

170 apartments 149 apartments 319 apartments

Extra facilities:

Concierge, health & wellness centre, private residents’ lounge and dining with associated kitchen, podium level outdoor landscaped terrace and fire pit, outdoor kitchen/BBQ and dining, communal space and island bar, billiard table, private theatre room, landscaped rooftop garden terrace with outdoor kitchen/BBQ and dining, pools and spa, outdoor cinema, putting green and lounging areas.

Car parking:

371 (total, including visitor bays)

Office hours:

8am–5pm M-F, 8am–12noon Sat

Software:

Choice of operator

Body corporate company:

SSKB

Body corporate salary:

$350,000 p.a. ($1,100 per lot) excluding GST

Net profit:

$892,390

FOR SALE BY

EXPRESSIONS OF INTEREST

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DEV ELOPMEN T OV ERV IEW Chester & Ella represent Kokoda Property’s cumulative learnings gained during 20 years building an impressive reputation as one of Australia’s finest boutique developers. Here they have partnered with renowned architectural and design industry greats to deliver exceptional vision and superior quality and craftsmanship.

Designed by globally-renowned Australian architect Hayball, this polished pair are connected at the lower levels and rise to 18 storeys.

Striking facades make a powerful design statement that brings texture and movement to the streetscape.

Holding the street corner with angular gravitas, Chester is the more masculine of the two. In contrast, Ella is all curves. Light plays on amber crafted metallic finishes and bronze glazing so the buildings come alive with the ever-changing play of sunshine and moonlight.

Views to the surrounding neighbourhood, the glistening river, to the city and beyond are exhilarating, given a lustrous frame by the burnished balustrades.

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GET THE EDGE

get the edge

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chester -

170 APARTMENTS 95% INVESTOR PROFILE APPROACHING SELL-OUT & UNDER CONSTRUCTION FROM Q4 2017 COMPLETION ANTICIPATED AUGUST 2019 Chester is a sculptural statement of 170 luxurious residences made to inhabit and impress. Inspired by the folds and canyons of the iconic Brisbane River, chiseled white balconies form a protective surround, complementing the area’s cutting edge style.

APARTMENT BREAKDOWN

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1 bed

62 apartments

2 bed

93 apartments

3 bed

9 apartments

4 bed

6 apartments

Total

170 apartments

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TURN HEADS

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ella -

149 APARTMENTS 95% INVESTOR PROFILE APPROACHING SELL-OUT & UNDER CONSTRUCTION FROM Q4 2017 COMPLETION ANTICIPATED AUGUST 2019 In Ella, the form is curvaceous and light, wrapping around 149 sumptuous apartments. Echoing the twists and turns of Brisbane’s emblematic river, Ella’s golden curves appear to flow in the wind, giving each apartment a fluid sweep.

APARTMENT BREAKDOWN 1 bed

42 apartments

2 bed

98 apartments

3 bed

6 apartments

4 bed

3 apartments

Total

149 apartments

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I NT E R I OR EXPRES S IO N Chester & Ella’s grand lobby announces ‘you’ve arrived’. A subtle warmness and considered details relax the senses, welcoming residents to feel instantly at home. Custom lighting and herringbone oak flooring enhance the ambience, while soaring ceilings create a serene space.

This impressive entrance features a strikingly sculpted reception counter hosting the concierge service, a lounge for luxuriating, and art to inspire.

Ascending, Chester & Ella’s apartments are relaxed and refined in open-plan style. Residents enjoy the sense of space and freedom that comes with decadently high ceilings. Full height doors slide open to generous private balconies.

Impeccable attention to detail is evident in the monochromatic palette of bold black and cool white. In kitchens, the crisp New Yorkstyle aesthetic is accentuated by Elba marble benchtops, under-mount sinks, integrated butler’s pantries (in the majority of residences), and Miele appliances. Chester boasts bold matte black joinery, sinks and tapware, while Ella is crisp with white joinery and sinks, and gold tapware.

Paired-back simplicity features in bathrooms.

Crisp surfaces are punctuated with designer tapware and recessed shelving. Fine details and thoughtful design give these minimalist bathrooms an elegant edge, with penny round feature wall tiles and textured surfaces.

High end appointments, Euro laundries, AV security, and ducted reverse-cycle climate control add stylish function to complete these exceptionally well-composed apartments.

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entertain the possibilities

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Design-focused young professionals always eager for Instagram bragging rights are looking for something new, something memorable. Chester & Ella will satisfy even the most discerning tenants the instant they arrive.

At ground level, residents are welcomed through individual lobbies. The main lobby, reception and concierge are located in Chester, all angular with a dark woody palette highlighted by gold metal accents. Ella’s own lobby is curvaceous and light, with convex walls papered in glistening white, punctuated by copper metal trims.

Designed by award-winning Ministry of Design, Chester & Ella’s ‘event precinct’ on Levels 5 and 6 offers unrivalled hotel-style facilities in-house.

Residents may reserve the whole level, or select an individual space to host a private function.

A stunning spiral staircase, stretching between the two floors, is a design highlight with fine metal pillars that sinuously bend outwards in harmony with the handrail, exquisitely rendering an elegant wave pattern.

Level 5 includes a private dining room and show kitchen complemented by an opulent outdoor terrace with a lounge and central fire pit, barbecue, island bar / workspace, and outdoor dining area. A custommade concrete dining table creates a dramatic centrepiece and cleverly doubles as a table tennis table.

EXCLUSIVE AMENITY

Urban ROOFTOP OASIS RESORT

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Catering to RESIDENTS’ DESIRES

Level 5 includes a PRIVATE DINING ROOM On Level 6, the games begin under a soaring 4-metre high ceiling. Here residents indulge in a game of billiards, have a drink in the resident’s bar, enjoy karaoke, or kick back in front of the big screen in the private theatre.

And, taking luxury and leisure to a whole new level is the urban rooftop oasis on Level 18 of both Chester & Ella buildings. Here you’ll discover glistening swimming pools and spas, poolside lounges to soak up breathtaking panoramic views and an outdoor cinema for moonlight movie magic.

With an outdoor kitchen and barbecue, this is a sky-high retreat for outdoor dining in the dappled shade of a pergola. Lush sub-tropical landscaping and a unique astro-turf putting green add to an extra element of ‘cool’.’

And let’s not forget your residents’ other desires. They have super-convenient access to a restaurant and bar at the base of Chester (outside operator). To stay fit and toned, they’ll find Chester & Ella’s private Health & Wellness Centre is on Level 4, complete with fully-equipped gym and yoga area.

With cutting-edge design comes cutting-edge technology, allowing residents to reserve amenities via an online booking system. They can secure one of the many private spaces quickly and easily, lodging a cleaning bond, ensuring facilities are maintained without onus on the building manager.

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MAKE AN ENTRANCE

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UNIQUE 7-DAY CO N CI ERG E SERVICE O PPO RTU N I TY Fully-funded by the Body Corporate with an allocation of $150,000 p.a., Chester & Ella’s 7-day Concierge Service will provide residents a level of service a cut above any other address. For the operator, this presents a unique and advantageous opportunity.

The Concierge Service is a point of difference to set Chester & Ella apart, driving rental demand and attracting more discerning tenants.

The ample budget will easily cover staffing requirements. In fact, it may reduce the burden of responsibility for your management team by relieving them of distracting and mundane tasks such as handling enquiries and accepting deliveries, allowing for the more productive use of administration time.

In essence, the Concierge becomes your buildings’ ‘ambassador’, an extension of your management operations that provides a valuable interface between you, your residents, their visitors, and the general public. Concierge staff will be your ‘eyes and ears’, meeting and greeting, co-ordinating the use of Common Property, looking after all-important details.

Furthermore, through the Concierge, you have the opportunity to conduct an ancillary business providing extra services to residents, on a fee-for-service basis, including such things as arranging transport, laundry, unit cleaning, car washing, and catering.

Concierge Desk Hours: Mon-Fri 7am–8pm, Sat-Sun 9am–5pm.

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DEVELOPM ENT TEA M Developer Kokoda Property has been active in the Melbourne market for over two decades, with a focus on high quality projects in blue-chip locations. The force behind Kokoda, the originator of its qualityconscious culture, is former director and COO of Jeans West, Mark Stevens.

Initially, he built lavish residences in some of Melbourne’s most elite suburbs – Toorak, South Yarra, Hawthorn and Balwyn. Those elegant and timeless designs stand as the company’s proud legacy. But these days, the buildings bearing Kokoda’s quality hallmark are substantially larger.

So compelled was he by a love for classical architecture, and a desire to create beautiful living landmarks, that Stevens founded his development business in 1997, while still maintaining his corporate ‘day job’.

Currently, Kokoda has multi-storey apartment projects worth more than $700 million under development, delivering new dwellings at a rate of around 650 apartments per year. The company has completed more than 100 developments.

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Learnings in luxury residences were first applied to small high-end apartment developments, and ultimately to developments on the scale of Chester & Ella.

“We practice what we preach,” Stevens says.

“We wouldn’t build anything we wouldn’t live in ourselves.

“Our ultimate satisfaction comes from creating homes that residents will adore, inside and out. We seek out the best locations, so that the lifestyle afforded by the surroundings lives up to the level of luxury our homes provide.”

“Our philosophy remains unchanged,” Stevens says. “Every Kokoda Property residence represents an unfaltering commitment to quality, meticulous attention to detail, and luxury inclusions as standard.”

Kokoda Property has partnered with renowned architectural and design industry greats to deliver this superior level of quality.

He has a saying: Kokoda creates homes that are ‘not just liveable, but lovable.’

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Hayball brings a creative design culture to enrich the lives of their buildings’ occupants.

ARCHITECTURE & INTERIOR DESIGN Hayball is one of Australia’s largest practices specialising in architecture, interior design and urban planning. Over 30 years, they have created hundreds of projects across Australia, South-East Asia and China – from single and multi-residential buildings to schools and universities, commercial developments and urban design for entire suburbs.

Hayball creates outstanding buildings that enrich the lives of occupants with a sense of individuality, flexibility and enjoyment.

Integrating architecture, interior design and urban design, Hayball specialises in stitching new projects into the existing urban fabric with emphasis on an architectural response that contributes to an area’s vibrancy and character.

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Headquartered in Singapore, Ministry of Design (MOD) was created

by Colin Seah to question, disturb and redefine spaces, forms and experiences that surround us, and give meaning to our world. Declared a “Rising Star of Architecture” by the Monocle Singapore Survey 2010, MOD won the prestigious “Designer of the Year” by the International Design Awards, USA 2010.

An integrated spatial-design practice, MOD’s explorations are created amidst a democratic atmosphere and progress seamlessly between form, site, object and space.

MOD begins each distinct project anew by seeking to do two things – draw deeply from context and dream freely to transcend convention.

Each MOD project strives to be delightfully surprising, relevant, distinctly local but with true global appeal.

each m i n ist r y o f de sig n pr oj ec t s t r iv e s t o b e

d elig ht f ul l y s ur p r isin g .

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| BRISBANE | CRICKET GROUND ‘THE GABBA’

PRIME POSITION

TENERIFFE

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TENERIFFE WOOLSTORE PRECINCT

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| KANGAROO POINT |

| BOTANIC | GARDENS

| STORY BRIDGE |

BRISBANE CBD

FORTITUDE VALLEY

JAMES ST PRECINCT

EMPORIUM PRECINCT

NEWSTEAD

GASWORKS PLAZA

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LOCATI ON OV ERV IEW Newstead has taken its place as one of Brisbane’s most vibrant, fashionable and eclectic localities, all within just 3km of the city. Its neighbour ‘The Valley’, as it was once known, now offers so much more, with a slick new character and New York-like vibe.

Boasting an atmosphere once only experienced abroad, its sophisticated riches are now on the doorstep.

Chester & Ella is ideally located at the centre of it all, in walking distance to major shopping, dining, convenience and entertainment centres. These include the Emporium precinct, Gasworks Plaza and the style-hunters hub, James Street, with its flagship designer stores, iconic lifestyle brands and favourite foodie haunts. The energetic Fortitude Valley nightlife precinct is barely a kilometre away.

This is one of Brisbane’s most accessible inner-city precincts. Public transport options abound, with connections to everywhere to the city and beyond. From Chester & Ella, you can walk to the CityGlider bus stop in just two minutes, for high frequency services to the Valley, City, South Brisbane and West End. Fortitude Valley Train Station and Teneriffe Ferry Terminal are both within a 15-minute walk.

IN THE ZONE Chester & Ella are strategically positioned close to Queensland’s largest employment nodes, the CBD of course, and an extended catchment expected to generate over 130,000 new jobs between now and 2031. As noted by analysts Urbis, these precincts are home to leading national and multi-national firms.

“Growth in the commercial market within the Brisbane CBD, together with the current and proposed new office development within Newstead, will significantly boost white collar employment. Chester & Ella will benefit from the ongoing employment growth and the increasing residential demand of professionals working in the surrounding emerging commercial precincts.

“The Newstead demographic as a whole illustrates a high proportion of Gen Y (20-35 years of age) residents, totaling 40.8% of the suburb’s population. This demographic has already had a noticeable change on the residential market, and is expected to continue to influence the apartment market in the area. The Gen Y age group tends to prefer apartment living and are more geared towards rental accommodation options in amenity and activity-rich locations.

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Beyond the front door, a world of wonder awaits. Infused with energy and eclecticism, Newstead and its neighbours serve up cool on every corner.

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RENTAL MARKET OVERVI EW -

Posit ion ed t o r e n t q uic k l y , an d t o ren t a t a p r e mium.

Research shows three primary drivers in rental unit selection are:

- EASE OF LIVING (LOCATION, PROXIMITY, ACCESS), - VARIETY OF LIFESTYLE (FACILITIES, VIEWS, SOCIAL ATMOSPHERE, AND - STATUS (NEED TO FEEL GOOD ABOUT WHERE YOU LIVE).

The more drivers present, the greater the potential to rent quickly, and rent at a premium. Clearly, Chester & Ella have all these bases covered: location, lifestyle, proximity to employment generators, easy, direct access to transport, facilities and services, and premium onsite amenity.

Resort Brokers believes it will unquestionably attract quality tenants prepared to pay for these benefits. Living the Chester & Ella lifestyle will be coveted, making it an outstanding long-term rentals proposition for a future operator. Furthermore, sitting at the upper end of the market, it will not be competing with secondary, mass-market product.

It is widely acknowledged that premium stock rents first. And Resort Brokers’ feedback from building managers overwhelmingly indicates that premium-grade buildings consistently enjoy higher occupancy rates than standard offerings.

The sum of all these features is what will drive a strong business projected to generate a robust net profit.

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EAT, DRINK, LIVE IT UP

NODO

ELEVEN ROOFTOP BAR

NEWSTEAD BREWING CO

The world’s friendliest donuts with very pure intentions. Artisan baking methods meet naturally gluten free ingredients. If you care about what you eat, spoil yourself.

Inspired by rooftop bars of Istanbul and the luxe party vibe Bali’s hottest clubs.

Rise above the crowd to wine and dine with killer city views.

Born in a 1940s steel warehouse, this Newstead institution beckons with a laid back vibe and lashings of industrial grunt.

Refreshment on tap daily 10am to midnight.

HATCH & CO

TARTUFO

KING ARTHUR CAFE

Embracing the principles of traditional slow cooking and using fresh local produce in a relaxed, communal dining environment at Gasworks.

Benvenuti Da Tartufo. Classic Italian restaurant, pizzeria and wine bar in the stylish Emporium precinct, by the acclaimed Tony Percuoco.

Hip café dishing up creative local fare in unfussy surrounds - floorboards, whitewashed walls and a curved ceiling – the stuff of legends.

BEN’S BURGERS

THE WINE EMPORIUM

THE TRIFFID

Winn Lane winner for local burger fans.

American-style burgers from early ‘til late, with the option of takeaway. Awesome eats and a few beers with friends.

Outstanding premium Australian and imported wine on your doorstep. Indulge and learn with weekly free in-store tastings, regular special events and wine dinners.

Founding member of Powderfinger, bassist John Collins, gave Brisbane this brilliant venue in an old WWII hangar – bar, live music, food.

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Sales pr oce ss -

OFFERING The management rights and associated real estate of Kokoda Property’s Chester & Ella towers at Newstead are offered offthe-plan in one line.

SALE TYPE Offers are invited via Expressions of Interest. Interested parties must complete an ‘Expressions of Interest’ form to be provided by the agents.

MARKETING AGENTS Tim Crooks and Gareth Closter of Resort Brokers Australia have been appointed as the exclusive agents.

ENQUIRY All enquiry is to be directed via the exclusive agents.

CONFIDENTIALITY All interest parties will be required to complete confidentiality agreements and/or privacy statements, to be provided by the agents.

INSPECTIONS Site inspections are strictly by appointment and can be arranged by contacting the agents.

DATA ROOM Qualified parties will be provided confidential access to a data room containing more detailed information.

DUE DILIGENCE Interested parties are encouraged to conduct appropriate due diligence during the Expressions of Interest period.

CONTRACTS Copies of the contracts for sale can be provided by the agents on request.

FOR SALE BY

EXPRESSIONS OF INTEREST

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contact us -

TIM CROOKS OFF THE PLAN SPECIALIST M. 0422 208 450 E. TIMCROOKS@RESORTBROKERS.COM.AU

GARETH CLOSTER BROKER M. 0423 182 766 E. GARETHCLOSTER@RESORTBROKERS.COM.AU

RESO RT BROKERS AU STRA LI A PO BOX 5004, WEST END Q 4101 P. 1300 665 966 / W. RESORTBROKERS.COM.AU

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exclusively from

RESO RT B R OKERS AU STRA LI A P. 1300 665 966 / W. RESORTBROKERS.COM.AU