Estate is First of its Kind
CQ Today - May 20 2021
A taste of luxury living is on the way to Rockhampton, with a proposed 19-unit development the first of its kind in the Beef Capital.
The gated Penny Cove estate will be located on a 7500sqm site at 99 and 101 Pennycuick St, with Gideon Town Planning lodging plans for the $7.8 million development last week with Rockhampton Regional Council.
Director John Kele said Kele Property Group had purchased the land late last year and had been working on the development ever since. “Plans were lodged on Tuesday, 11 May with Rockhampton Regional Council and it’s taken us about five months to get to get to this point,” he said.
The estate will include 14 three-bedroom homes and five two-bedroom homes centred around an internal access driveway.
Each unit will have its own swimming pool, tandem car park, lockup garage, and private garden.
The development will also include nine visitor carparking spaces. Mr Kele said a luxury development of this type had never been seen before in Rockhampton.
“Overlooking the golf course, this is the first development in Rockhampton that has the option of your own private pool for each unit,” he said.
“It’s probably the largest suburban unit development the southside has ever seen.” Mr Kele said he expected to to get full development approval from council within four or five months.
“As soon as we get development approval we’ll start construction, we already have expressions of interest in 10 to 12 of the units.”
He said the strong property market in Rockhampton showed the need for the development.
“There’s a lot of confidence in the town, so basically when this block came up on the market we were pretty happy to see it come our way because there is demand out there, definitely, at the moment.
“The market’s strong and that’s given us the confidence to invest this type of money into the region.” Mr Kele said Kele Property Group had completed $40-50 million dollars worth of developments in Queensland in the past 12 years.
The estate will be Kele’s biggest development this year, with the company also completing the $1.35 million CocoBrew Express drive-through coffee shop at the corner of George and Albert streets.
The units have been designed by Design + Architecture in a contemporary style with pitched roofs, verandas and cladding and timber design elements. Penny Cove will be marketed and sold through Pat O’Driscoll Real Estate with about 40 local workers expected to be employed during construction.
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