NEWTON BOUTIQUE TOWNHOMES A DEVINE SELL OUT

Leading residential developer Devine is continuing to enhance its development pipeline, after achieving a 100 per cent sell out of a new townhome development in Newton.

Devine has sold five boutique townhomes on Woodley Avenue in the popular eastern suburb of Newton, just 10km from the Adelaide CBD.

Construction on these individually built designer homes is expected to begin in September 2015.

Devine South Australia Manager Communities Troy Jamieson said the townhome development was built on land owned by a local investor.

“We negotiated a deal with a local investor who wanted to generate a return on their initial investment,” Mr Jamieson said.

“It was an excellent opportunity for Devine, as we are seeking to expand our development portfolio through new channels.

“With new council zoning laws in the area, we believe there will be significant opportunities to create more boutique developments like this in the area in the future.”

He said the townhomes offered a premium location in a sought-after suburb and he was not surprised by the strong interest it had received from investors and owner-occupiers.

“The development is ideally located within walking distance to Newton Shopping Centre, Thorndon Park and public and private educational facilities,” he said. “It’s an exceptional investment with plenty of opportunity for future growth.”

The development features five homes based on Devine’s stylish new design, the Newton 164.  They feature a choice of internal fitout which include three bedrooms including a master bedroom with a walk in wardrobe, two and a half bathrooms, an open plan kitchen and living area, a separate lounge room on the upper level with views from the north facing balcony and double garage.

All the designer homes have high quality inclusions such as LED downlights, stainless steel kitchen appliances, stone benchtops, floating laminate timber floors, gloss polished porcelain tiles and reverse cycle, ducted air conditioning.

For more information visit devine.com.au