170206 Lobby CRU Collective Neo Mermaid Beach2

Crane goes up in Mermaid

Anna Rawlings, The Gold Coat Bulletin


Neo, the only development under construction on the eastern side of the Mermaid Beach highway according to its marketers, has over 30 percent of units sold already 

BUYERS are showing a big interest in Mermaid Beach's newest residential building Neo.


The nine-level building will feature 32 apartments, a rooftop terrace and a ground-floor boutique coffee house. "Thirty precent of units have been sold, to a mixture of owner occupiers and investors," said marketing agent Brent Dallow of McGrath Projects.

"Both demographics are buying for the location, and they love that it's only a block of 32 apartments."

Mr Dallow said buyers purchasing for investment hav highlighted that because Neo doesn't have a pool or gym, they are not paying for facilities they are not going to use. 

"It ticks a lot of boxes, and the other positive is that it's actually under construction - when you buy off the plan you don't know when it's going to start but the crane has just gone up," said Mr Dallow.

Neo offers a range of one, two and three-bedroom apartments priced from $450,000. Project renders reveal a blend of neutral tones and stylish finishes will feature without the interiors, and private balconies flow through to light-filled, open-plan kitchen, dining and living rooms. Some of the apartments will also feature a coastal view.

"Everything to the south has a three-storey height limit, so there's a one-bedroom unit on level five that has a view to Coolangatta that's not going to be blocked," Mr Dallow said.

The luxury development, at 51 Peerless Ave, is on the easterly side of the highway, offering residents an easy 200m walk to the beach. It's also on the northern end of the suburb, within walking distance to the light rail, Pacific Fair Shopping Centre, The Star and the centre of Broadbeach.

Developed by Cru Collective and designed by Hal Architects, the project is scheduled to be finished by the third quarter of 2018.


This article was originally published in The Gold Coast Bulletin on January 20, 2017