The first of three sub-penthouses has been released to market in the 20-storey Signature building in Wollongong.
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MMJ Real Estate sales and marketing team's Margaret Johnson and Michelle Morrisey said there was already enormous interest in the first premium sub-penthouse on the 19th floor of the iconic new building.
Each of the three bedrooms has a clear view of the large lighthouse at Flagstaff Hill and many other parts of the Wollongong coastline and the Illawarra Escarpment.
The first sub-penthouse is priced at $2.55 million and once all three are sold the two larger penthouses on level 20 will come onto the market.
"One is a four bedroom and one is a three bedroom," Ms Morrisey said.
"The view alone is worth $2 million."
MMJ has an added reason to celebrate in 2021 as it turns 60.
It has been involved in the Signature project since it was a hole in the ground and released units off the plan in 2016.
All available levels up to the 16th floor were sold prior to the building being completed.
$25.3 million in units were sold in the first month on the market and 79 settlements were made on the one day.
Signature is now 95 per cent full with an even mix of owner occupiers and tenants, according to Ms Morrisey.
"Through COVID we had our best sales," she said.
"With more people working from home they could pick where they wanted to live.
"They no longer needed to worry about the commute.
"We had a lot of people from North Sydney and West Sydney coming down.
"And we have some of weekenders in the building from Queensland, Canberra and the northern suburbs of Sydney."
Ms Morrisey said interest was high from the outset because of the unique location, design, lifestyle and incredible views Wollongong's tallest building offered.
She said there were also six star amenities including a concierge service.
Ms Morrisey said occupancy was also ramping up in the commercial spaces on the ground level with the Charcoal Tavern likely to open soon along with a new Thai restaurant. A Little Peoples Early Learning Centre is is very close to opening.
"And there is going to be small bar coming down stairs, an accountant is moving in and an optometrist," Ms Morrisey said.
Ms Johnson said there was a large turnout for the soft opening of sub-penthouse 19-02 from people interested in luxury living in the highest point of the city centre.
"Some have been waiting for the penthouses to be released," she said.
Ms Morrisey said MMJ's dedicated project marketing team has been involved in the building from the outset.
"We are extending our team because we have been so busy," she said.
"We have two big new developments coming up in Young St, another one in Corrimal and possibly other ones in Market St and Bourke St."
One of the Young St developments has 15 floors including some two storey apartments and one will have a hotel on levels one to six.
Another new development in Keira St went on the market recently and in the first three weeks MMJ sold 70 per cent of the building.
Ms Morrisey said the first sub-penthouse in the Signature building is the best one which is why it is the most expensive at $2.55 million.
"You have got views of the mountains and the water from a full length wrap around balcony," she said.
Ms Morrisey said there was a great sense of community in the new building.
She said the pool area boasts a large screen TV and seating area where the concierge service organises get -togethers such as movie nights and State of Origin nights.
Ms Johnson said having a local builder had also helped MMJ sell the new product because it gave buyers more confidence.
"It is also so quiet. It is double glazed and once you close the doors you hear nothing," she said.
"We have had a lot of single women buy in this building and they all tell us they feel so safe."
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Greg Ellis
Almost four decades in electronic, print and digital media. A writer, presenter, emcee, photographer and videographer with degrees in business management, marketing and human resources and tertiary qualifications in photography.
Almost four decades in electronic, print and digital media. A writer, presenter, emcee, photographer and videographer with degrees in business management, marketing and human resources and tertiary qualifications in photography.
