The Development at Ormeau is a masterfully conceived residential endeavor, situated on an 8.28-hectare parcel, poised for transformation into a collection of 52 exquisitely designed abodes, to be executed in two distinct phases. This prime parcel of land enjoys an enviable location amidst the verdant expanses of Ormeau, a feature that beckons a diverse array of purchasers.

Envisioned to provide captivating views to the South, over the Pimpama River and towards the sweeping recreational expanses that lie beyond, the site’s topography is largely level, offering minimal construction complications. An integral component of the site plan is a riverside communal recreation space, crafted to enrich the living experience for all residents by granting them both amenities and unfettered access to the surrounding natural tapestry.

Nomis Capital has undertaken to cultivate this site with 52 luxurious residences, intentionally restricting density to ensure a generous allocation of green space to the South, and enhance resident amenities. Each domicile is thoughtfully appointed with four bedrooms, including a master suite with an en-suite bathroom, two additional bathrooms, up to two powder rooms, and a double garage configured for side-by-side vehicle storage, distinguishing these homes from others.

Privacy is ingeniously safeguarded through a terraced block arrangement, which ensures that residences retain distinct silhouettes within the streetscape, while also preserving private vistas free from neighborly intrusion.

The architectural vision for these 52 residences was to foster a distinct identity for each home within the neighborhood, shunning the replication of walls and instead adopting four facade variations amongst 22 unique forms.

Every residence proudly features:

• 4 bedrooms, with the main bedroom boasting an en-suite.
• 2 bathrooms complemented by a powder room.
• Main bathrooms featuring bathtubs.
• Ample wardrobe space in all bedrooms.
• Two-vehicle garaging.
• Alfresco patio spaces.
• Artfully landscaped gardens.
• Premium stainless steel kitchen appliances.
• Climate control via air-conditioning.
• Energy-efficient LED downlights.
• Powder room and separate laundry facilities.
• Breakfast bar and stone countertops in the kitchens, echoed in the bathrooms.

The private outdoor space on the ground level spans from 182 to an impressive 250 square meters for each of the 52 homes.

In a display of diversity and personalisation, Nomis Capital offers five unique courtyard styles throughout the development, ensuring each residence possesses its own distinctive character and ambience.

For further insight into this investment prospect, interested parties are directed to procure the Information Memorandum from the Key Documents section of this page.

The Competitive Edge:

The Escape at Ormeau is distinct not merely for its architectural offerings. An inviting entry feature will welcome residents, ushering them through a landscaped laneway. Approximately 9% of the site’s surface area will be devoted to deep planting, enhancing visual appeal and softening the built environment’s impact. The landscape’s design promotes a multitude of communal activities within the shared spaces, without compromising the sense of privacy.

Construction Progress:

A construction firm has been engaged, with considerable headway made toward obtaining the final Development Approval (DA) from the local council. With the Operational Works Permit (OPW) submission and approval, earthworks and foundational service installations are imminent.

The development team is proactively pursuing a minor change application with the council to preclude delays during the plan sealing phase. This includes the preparation of stormwater and sewer easement documents to fulfill council stipulations and finalize adjacent lot works.

The anticipated timeline for the project is as follows:

• Sales campaign initiation: Q2 2025.
• DA issuance: Q2 2025.
• OPW approval commencement: Q3 2025.
• Onset of civil site works: Q4 2025.
• Registration of land titles: Q1 2026.
• Commencement of first property settlements: Q2 2026.
• Estimated project culmination: Q3 2026.
• Aerial footage of the site will be made available for viewing.

Market Outlook:

The initial selling phase for Stage 1, encompassing 30 lots, is projected to span six months, anticipating a sale rate of five homes per month, a target readily attainable by Nomis Property’s sales division. This brisk sale tempo underpins the strategy to unveil all 30 homes concurrently, stimulating buyer interest and potentially elevating final sale prices for Stage 2.

Market research has been meticulously conducted by Nomis Capital, outlining the demographic appeal and optimal positioning of the Ormeau site. The research summary is as follows:

Location & Lifestyle Factors:

Ormeau boasts a well-established community, and the development’s location is in close proximity to essential services including educational institutions, healthcare facilities, retail hubs, and entertainment venues, as well as sports and leisure centers, making it highly appealing to prospective residents. With Brisbane and Surfers Paradise within convenient commuting distances, the appeal is further magnified.

Demand Analysis:

Ormeau’s established status and ample existing amenities herald a robust demand for new residential constructions, with a particular appetite for the luxuriously appointed residences proposed by The Escape at Ormeau.

Projected Growth:

Property values in Ormeau have seen steady appreciation, a trend supported by infrastructure development and population growth. The Escape at Ormeau is poised to leverage this trajectory, promising substantial capital gains for early investors.

This comprehensive market outlook positions The Escape at Ormeau as a venture of remarkable promise, meticulously planned to cater to discerning buyers and deliver a residential experience of the highest caliber.