Boutique apartments offer unique benefits over size,
Choosing to purchase an off-the-plan property often leads to a dilemma between a high-rise tower and a boutique apartment development.
Although both options present unique features, buyers frequently discover that bigger is not necessarily better in this context.
By definition, boutique apartments consist of small collections of residences that offer distinct advantages that larger projects cannot replicate.
These types of apartments are relatively rare in today’s property market, providing an exclusive living experience for a limited number of residents.
Contemporary architecture, interior design, and bespoke construction are typical features of a boutique development.
According to Anna Porter, principal of Suburbanite and property valuer, these characteristics result in a better investment for buyers.
She explained that when considering investment in the unit sector, smaller boutique complexes are often preferable to larger ones.
“There are several reasons for this preference,” she noted.
“One reason is that strata rates tend to be lower, as there are usually fewer facilities and amenities to maintain.”
Additionally, managing day-to-day operations is often easier due to the smaller number of residents involved.
“If you seek good capital growth, you should look for something unique in the market,” she advised.
A smaller boutique property is likely to be more aligned with that goal than a typical unit in a larger complex.
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No. 1 Onslow Place in Elizabeth Bay serves as an excellent example of a boutique development.
The complex consists of only six apartments, including a penthouse that spans two levels and features 80 square meters of external space.
This external area includes a private pool, showcasing what makes boutique projects highly desirable; only two of the six apartments remain available.
Developed by Toohey Miller in collaboration with architects Tzannes and Dilcara Constructions, each apartment offers stunning views of Elizabeth Bay.
Additionally, residents enjoy direct lift access, enhancing convenience and exclusivity.
“It’s incredibly rare to find these boutique projects, especially whole-floor units with views from every level,” stated Nick Couloumbis.
As the founder of Toohey Miller, he emphasized that rare and unique properties represent enduring and exceptional value.
The two remaining units, like many in smaller developments, provide more space compared to those in multi-residential projects.
They also feature wraparound balconies, allowing breathtaking views from the entrance lobby, living room, and main bedroom.
Inside, these dwellings come equipped with Gaggenau appliances in the kitchen, along with Calacatta marble finishes and European oak herringbone flooring.
Moreover, more exclusive projects like these offer residents a high level of privacy due to features such as direct lifts.
Clever architectural touches, including privacy screens on balconies and terraces, further enhance this sense of seclusion.
Location plays a crucial role for boutique developments, and the address of No. 1 Onslow Place is exceptional.
Situated in the Potts Point area, this project enjoys the benefits of its natural environment while being close to lifestyle conveniences.
“You get all the tranquility of Elizabeth Bay, with Arthur McElhone Reserve just across the road,” Couloumbis noted.
“This is beautifully juxtaposed with Macleay Street, which is only a short distance away.
It’s just a three-minute walk to the Paris end of Macleay Street, featuring lovely hatted restaurants.”
