Australia’s first trackside retirement precinct now open
Lendlease has announced the completion of the first stage of its $270 million Bernborough Ascot project, Australia’s first vertical retirement community built on a racecourse.
Located just metres from the action at Brisbane’s historic Doomben Racecourse, Ascot, the new community features a wide range of luxury retirement living apartments with spectacular views and resort-style private amenities.
The community, which takes its name from one of the nation’s greatest thoroughbred racehorses, Bernborough, has welcomed its first residents just in time for the 2020 Melbourne Cup.
Developed over four stages under an agreement with Brisbane Racing Club (BRC), Bernborough Ascot will eventually provide around 300 oversized independent living apartments and penthouse style homes along with extensive community facilities. The apartments feature high-quality finishes including state-of-the-art kitchens, stainless steel appliances, stone bench tops and ample storage.
Resident facilities in the first stage include a stunning Masters Club and Lounge with bar, a garden-facing art studio, library and private theatre. Future stages will feature a bowls green, health and wellness studio with a pool, spa, gymnasium and consulting rooms, a rooftop terrace, restaurant and outdoor dining areas.
At only 7 kilometres from the Brisbane CBD, Bernborough Ascot is also a short walk from the new Racecourse Village, which offers a range of everyday services such as shopping, dining and health.
A selection of deluxe display apartments are now open for inspection, showcasing Bernborough Ascot’s views of the lush green racecourse, Gateway Bridge, CBD and surrounding region. Prices start at $647,000 for a two-bedroom apartment and $1.4 million for a penthouse.
Lendlease offers residents choice when purchasing, including the traditional deferred management fee model with a lower entry price and future exit payment, and a prepaid plan where owners pay no exit fees and retain any capital gain from a future sale.
The group has more than 30 years’ experience in the retirement living sector, owning and operating 75 villages around Australia with approximately 17,000 residents. Lendlease has 13 retirement living communities in Queensland, including a further two in Brisbane – Keperra Sanctuary, Keperra and The Terraces, Forest Lake.
To find out more about Bernborough Ascot or register your interest, call 1800 550 550, or make an appointment to view the community.