Aura Holdings plans 32-storey vertical retirement village on the Gold Coast

Aura Holdings co-founder and director Tim Russell has revealed the retirement village operator has a new, undeveloped site at the northern end of Queensland’s Gold Coast.

“I can say we have a site at the northern end of the Gold Coast for 94 premium apartments. We did very well on the south end. I can’t say anything more at this point.” said Tim.

This is actually the land of Laura Gnibus in Budds Beach, which had previously obtained approval for a 46-story residential tower. Now she has shaken hands over an $8.226 million deal with Aura Holdings.

Aura, subject to development approval, will construct a 94-unit building, including sub-penthouses and penthouses.

Additionally, Aura’s four-storey Somerset Indooroopilly (pictured below), located at Indooroopilly Golf Club, 8km west of Brisbane’s CBD, opened last week with 60% of the first stage sold and 40% of the second unbuilt stage reserved. 80 apartments and penthouses, built by Woollam Constructions and designed by Cox Architecture, are in the first stage, with 88 more to be built.

“We are selling six properties a month in Somerset Indooroopilly and are very happy with how the medium density project is going,” says Tim.

Two-, three-, and four-bedroom penthouses at Somerset Indooroopilly cost between $750,000 and $1.6 million. A 260 m² north-east facing penthouse with four bedrooms, two bathrooms and two parking spaces is “price on request”.

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