Within just 12 weeks of the first apartment sale in EuroCity, the 200th apartment has just been reserved. This astonishing achievement is evidence of the design and quality of the project where construction is set to start in a matter of weeks, one year after it achieved full planning consent.
Over 90% of the apartments have been purchased by local residents, with owner occupiers snapping up all available two and three bedroom properties in the first two buildings. The average price achieved on the properties reserved to date is a little over £300,000. Just over half of the purchasers opted to purchase a parking space.
Purchasers have been impressed with the look and feel of the new mixed use development and can’t wait to move in. The lush gardens, pools, retail experience and gym are obvious attractions to EuroCity. However, the well thought through specification has also been a popular sales feature. Each parking space includes provision of electricity allowing for the fact that in a few years we will all be driving hybrid or electric only cars. No other car park in Gibraltar supplies this amenity to all of its spaces. Each apartment has a boiling water tap in the kitchen, USB plugs as standard, underfloor heating and Bluetooth speakers in the master bathroom plus other features.
Evgeny Cherepakhov, chairman of the developer, Bentley Developments stated “We are delighted with these early sales results, a true endorsement of the quality of the EuroCity development and the quality of the entire team involved in this project which, without a brick being laid, is already 2.5 years in the making. A lot of hard work has been spent and there’s a lot of hard work to go, but we are so pleased with the reaction so far from local residents to what we are creating in Gibraltar, whether as an occupant of an apartment or a visitor to the new retail centre.”
All available apartments in Carrara, the first of the trilogy of buildings sold out in 19 days. 50% of Murano, the second building and what will be Gibraltar’s tallest residential building sold out within 8 days of launch.
Mike Nicholls, managing director of master agency and development consultant Chestertons commented: “These sales figures are quite staggering when compared with any other property launch in Gibraltar in the last 10-15 years and we are very proud of our involvement in the results so far. The quality of design, facilities and specification have been the vote winners amongst our clients, together with the central location. However, we have not finished yet and we are taking new interested parties on the virtual reality tour of EuroCity, every day.”