Showing posts with label peppers. Show all posts
Showing posts with label peppers. Show all posts

Tuesday, March 18, 2014

Gold Coast - Soul

From Mantra:

I am a representative of the Mantra Hotels Group, who have recently taken ownership of Sea Temple Surfers Paradise, under the Peppers Brand.

The property has been re-branded Soul Surfers Paradise and Peppers are keen to revitalise both the hotel and the Seaduction restaurant under their luxury hotels brand.


We'd appreciate you letting your readers know of the changes at Soul:


Friday, June 15, 2012

Oracle Buyers Loose Appeal

A number of off-the-plan purchasers for The Oracle development at Broadbeach refused to settle.  One reason they gave for their refusal was that Peppers purchased the management rights for the complex.  The purchasers lost their appeals today.  There were two decisions, Gough, and Walsh.  See also Courier Mail.

"... there is little support for the conclusion that, in addition to the role played by the Oracle name in identifying the apartments to be sold and purchased, there was also a promise by the vendor that Tower 1 be known or described as The Oracle at the date of completion. If such a promise existed, it needed to be inferred and the inference, if it could be drawn, was far from obvious.  ...  For the above reasons, I would order that the appeals be dismissed and that the appellants’ pay the respondent’s costs of the appeals, including reserved costs if any, on the indemnity basis."

The main reason the buyers did not settle was because the apartments dropped significantly in value between contract signing and settlement.  That is a risk of buying off-the-plan, and is not a ground to refuse to settle.

Friday, January 13, 2012

The Dunmore in the Valley

There is a new apartment development currently being marketed in Fortitude Valley.  It is called The Dunmore.  Management rights have been sold to Mantra, and the property will be managed under the Peppers brand as a small hotel.  For investors, the rental returns will be on a pooled basis based on lot entitlements, similar to many Mirvac properties.

According to the selling agent, The Dunmore will comprise of 78 apartments including:
-           42 One bedroom apartments, a number without car parking
-           18 One bedroom + study nook apartments
-           18 Two bedroom apartments (inc. flexibility of dual key access)

Product
Price Range
1 Bedroom
$376,000 - $462,000
1 Bedroom + study
$399,000 - $482,000
2 Bedroom
$572,000 - $632,000