Furtado Property secure early success at rare Bargara apartment development MIRA Living

It’s been around 15 years since a new apartment project was developed in Bargara, the small coastal town around 13 kilometres east of Bundaberg.

Longtime Brisbane real estate agent Graham Furtado saw it as an opportunity to return to his hometown and create what locals are saying is the first off the plan apartment opportunity since 2007.

Furtado has recently launched MIRA Living, just 25 apartments on a site which Furtado describes as the best in Bargara.

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Mira Living 25 – 27 The Esplanade, Bargara, Qld 4670

“We’re strategically located at the south end of Esplanade, which in itself is a busy street given it faces the beach,” Furtado says.

“We’re however within touching distance of all the amenity the comes with a beachfront strip, but we’re quietly positioned at the end of the street, just a few hundred metres from the sand and the beachfront.”

The peninsula location puts future MIRA Living residents just 300 metres to Bargara Golf Club, 400 metres to the shops and cafes on the Esplanade, and 300 metres to Kelly’s Beach and the Basin.

While Furtado knew he was tapping into a market which has been starved of off the plan product, he hadn’t expected sales to come at the rate they have.

“Around 30 per cent of the project has already sold, much quicker than anticipiated,” Furtado says. His buyers have predominantly been locals, while there’s been a couple from the Sunshine Coast and one from Brisbane.

“The demand is definitely there in Bargara,” Furtado says. “If there’s another opportunity to acquire a site with similar density then there’s certainly opportunity to serve an undersupplied market.”

Designed by Mondo Architects in collaboration with design specialist Sarah Wood Design, MIRA Living comprises 25 three-bedroom apartments which cater for the owner-occupier. A number of the apartments, which all feature high-end European appliances, master bedrooms with walk-in wardrobes and ensuites, have a study or multi-purpose room.

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Mira Living 25 – 27 The Esplanade, Bargara, Qld 4670

Each apartments also has basement garaging for two cars. Residents will have private amenity in the form of a tropical landscaped pool and gardens adjoining a communal alfresco area.

The site has been cleared, and Furtado is hoping to commence construction early next year, with a mid-2025 completion date anticipated.

Furtado has been an estate agent across Brisbane for the best part of three decades.

Article source: Queensland Property Investor