CCBR Business Review

8 Ravello to lead luxury residential market CONSTRUCTION OF RAVELLO Residences by Erina builder Stevens Construction for Bonython Property & Investments the development arm of The John Singleton Group is now well under- way with completion set down for 2021. Ravello, a boutique collection of 45 luxury residences at 65 Masons Parade on the Gosford Waterfront designed by East Gosford architects White + Dickson is described as presenting high-end hotel living of extraordinary scale and comfort where every element is simple, beautiful, yet highly crafted. Features include wine cellars, furnished lobby entrance, cobblestone promenade and smart living amongst a long list of inclusions whilst encapsulating spectacular outlooks over the blue of Brisbane Water from almost every room. In launching the campaign John Singleton said, “We wanted to develop something never before seen on the Central Coast … residences of absolute beauty.” Ravello has definitely set a new bench- mark in the area with regard to the level and quality of finishes being offered, this has not been seen before on the Central Coast. 2-bedroom apartments are selling from $830,000 and 3-bedroom from $1,180,000. Three Penthouses have sold at prices above $2.5 million. Commenting on the buyer demographic McGrath Central Coast Managing Director Jaimie Woodcock said, “Downsizers have dominated the buyer group responding well to the spacious apartments, large ter- races and very high end finishes. Buyers have been mostly local downsiz- ers with many coming from coastal / water- front areas of Terrigal, Wamberal, Green Point and Point Frederick indicating that they are vey much a lifestyle buyer looking to continue that way of life. Mr Woodcock said that after initially launching Ravello with a valet parking system, the developer responded swiftly to buyer response and undertook a re- design of the parking to allow traditional basement parking which was the preferred option for the downsizer market. “They also took this opportunity to increase the size of the apartments/terraces to further create homes suitable for those buyers looking to sell their family home and downsize with- out sacrificing their lifestyle,” he said. Automated transactions inMYOB and XERO Personal service backed up with 30 years experience Committed to making your business grow Automated transactions inMYOB and XE Personal service backed up with 30 years Committed to making your business grow busine PROBLEM SOL FOR YOUR FOR YOUR BUSINESS PROBLEM SOLVING B U S I N E S S N E W S Architect’s Image Ravello Crane goes upon Ravello construction site CENTRAL COAST BUSINESS REVIEW AUGUST 2020