BLACKBURNE has released images of the $17 million penthouse at One Subiaco, its $280 million redevelopment of the Subiaco Pavilion market site.
Managing director Paul Blackburne said the 1100sq m residence on the 23 floor could be one of the most luxurious ever built in Australia.
“Our design team worked over the past six months to create a level of opulence usually only seen in places like Sydney, London and New York,” he said.
“It will have double-height, floor-to-ceiling windows and an extensive list of amenities only seen in some of the most exclusive residences around the world,” he said.
“A private rooftop swimming pool, wellness centre with gymnasium, sauna, massage and yoga studio, indoor spa and plunge pool, a theatre room and piano room are just a few of the private indulgences to be had just for the penthouse.
“Whilst all buyers will have these facilities in the common area the penthouse has its own full set of facilities for complete privacy.”
The six-bedroom, six- bathroom home will also have a separate wing to accommodate staff such as butlers and nannies, three fireplaces, $400,000 home automation system, 900-bottle rooftop wine cellar, sky garden, six-car garage and extensive views.
Mr Blackburne said there was strong interest in the customisable property.
“There is an undersupply of ultra luxury apartments in WA and One Subiaco meets the demand,” he said.
“We have already had a number of ultra-high net worth Perth locals express interest in the penthouse and now we have the final plans and images our team will be meeting with potential buyers next week.”
The project also includes several sub-penthouses priced between $3 million – $4.8 million, larger quality apartments from $1 million and one-bedroom apartments in a separate building priced from $400,000.
Mr Blackburne said while some segments of the property market had been flat in recent years, the market for higher-end, larger apartments in the western suburbs remained strong, highlighted by the pre-release sales for the One Subiaco project.
“This week over $31.4 million in contracts were signed and we expect to have around 50 per cent sold before the main public marketing campaign starts on October 5,” he said.
“The most demand from this week’s pre-release meetings was for the $1.5 million – $3 million apartments.”
Construction on One Subiaco will start in May 2020.