Leading property developer, Level 33 will today start construction of the highly anticipated $175 million Kogarah Central residential community, located at 71-97 Regent Street in the heart of Kogarah in south Sydney.
Consisting of 233 apartments across two 11-storey buildings, Kogarah Central will include a vibrant residential community offering a mix of studio apartments, one-bedroom apartments, two-bedroom apartments and three-bedroom apartments.
The development will also include six two-bedroom penthouses priced from $835,000 to $915,000 and one three-bedroom penthouse for $1.25 million. A limited collection of generously-sized two-storey ‘townhomes’ are also available which are a unique property style in the Kogarah area.
Apartments are priced from an attractive $460,000 for a studio, making the ideal first home or investment purchase.
Level 33’s Eddy Haddad said today’s start of construction marks a significant milestone for the Kogarah Central project which is set to contribute to the revitalisation of Kogarah.
“With five residential projects underway in the St George district, Level 33 is committed to the long-term growth and development of the local area and has invested significantly in the
future of Kogarah and surrounding areas,” he said.
“At Kogarah Central, first or second home buyers have the opportunity to buy a spectacular selection of new homes, with all the modern conveniences of apartment living where
residents will be able to enjoy the lifestyle benefits of living in close to absolutely every amenity and lifestyle.”
Kogarah Central boasts a prime location next door to two of Kogarah’s most highly sought-after schools, Kogarah Public Primary School as well as Kogarah High School – ideal for parents wanting to avoid the school drop-off and easily walk children to school.
The future community is also within 400m of Kogarah Train Station and the set to be revitalised Town Centre and holds strong appeal for first property purchasers or young families looking to snap up a modern, spacious, designer new apartment. Kogarah Central is also only a short 20 mins drive to the Sydney CBD.
Sales Director at St Trinity Property Group, Will Wehbe said more than 100 of the apartments for sale are priced at under $650,000 and therefore require no stamp duty with buyers only requiring a 10 per cent deposit to secure an apartment.
“The project represents an excellent opportunity for first home buyers who have been carefully saving deposits to get into the Sydney property market and take advantage of tens of thousands of dollars in government grants and stamp duty concessions while these incentives apply.”
“Due to the attractive price points, we have seen a strong response from the market particularly from first home buyers and owner-occupiers.”
The development’s premium position offers high lifestyle convenience in a popular south Sydney pocket which is the midst of transition with the Kogarah railway and town centre earmarked for revitalisation by the Georges River Council.
Mr Wehbe said with revitalisation plans due soon, Kogarah Central, scheduled for completion in late 2021, represents strong prospects for capital growth.
“The addition of the F6 extension from the West Connex (the new M5) to President Avenue in Kogarah is also likely to have a positive impact on property values in the area, reducing travel time to the CBD,” he said.
Kogarah’s strong commercial centre with several large employers including the St George Bank headquarters as well as St George Hospital and St George Private Hospital will make an ideal location for employees to be located within walking distance to their work.
Frequent flyers or airport workers have the convenience of the airport being only 20 minutes away while commuters can be in the city in less than 25 minutes and enjoy a day out in nearby Cronulla with bus links and rugby league fans will enjoy the proximity of Jubilee Oval to see the mighty St George Illawarra Dragons play.
Beach lovers, cyclists and walkers alike will love the proximity of nearby tracks running along neighbouring Brighton Beach at nearby Brighton-le-Sands and Botany Bay.
Kogarah Central will transform the streetscape with its stunning designer developments symbolising a new property era, beautifying and modernising the area where the fast disappearing 50’s weatherboards currently line the street.
Kogarah Central’s design boasts two architecturally crafted buildings, with a rooftop sky garden with relaxation zones, overlooking Botany Bay and the CBD skyline.
Specifically designed to meet the varying needs of buyers and offering exceptional functionality, high quality finishes at a competitive price. New studios starting from $460,000 one-bedroom apartments from $550,000, two-bedroom apartments from $700,000 and three-bedroom apartments from $1,120,000 with ample car parking for most units.
Level 33 currently has a development pipeline of more than $1 billion, with approximately 450 apartments under development in the southern Sydney region. Since establishing in 1999, Level 33 has developed over 20 premium residential projects and currently has multiple active projects on the market. Other projects currently on sale are located in Blakehurst, Wolli Creek and Miranda. It is also selling a 100-apartment project SKYE in Wollongong’s CBD.
