There are few factors that can increase the value of your property as quickly as new infrastructure can. Home buyers pay an average premium of 10% for properties within walking distance to shopping centres.
Park Cove is within walking distance to the new Hope Island Town Centre which is set to start construction within months.
What are the plans for Hope Island Town Centre – What will it look like?
The new owner has further improved the town centre plans and the centre will now be enclosed, providing air conditioning to all visitors. Importantly, ample parking will be provided with over 450 carparks across the basement and ground levels.
The design of the centre will have a contemporary feel, a similar aesthetic to centres such as Capri on Roma, Ferry Road Markets or James Street in the Valley.
HOPE ISLAND TOWN CENTRE – FAST FACTS
Major Tenancy – Woolworths and BWS
Major Tenancy – ALDI
Enclosed shopping centre with air conditioning
Indoor and outdoor dining
Over 450 Carparks
Over 25 Speciality Stores
When will Hope Island Town Centre start construction and when will it be open?
Construction is set to commence in mid-2017, with the opening planned for August 2018.
Home owners at Park Cove Hope Island are set to benefit from this exciting news with land values in the surrounding area predicted to increase substantially as the project nears completion. This project will provide an important economic boost to Hope Island with a significant number of jobs expected to be generated in the short and long term.
Park Cove is one of the last remaining waterfront masterplanned communities on Hope Island and is the closest to the Town Centre.