Legendary racehorse inspires Australia’s first trackside retirement precinct
Wednesday, 16 October 2019
Australia’s first vertical retirement community built on a racecourse has been named after one of the nation’s greatest thoroughbred racehorses, Bernborough.
Lendlease has today unveiled plans for the $300 million Bernborough Ascot precinct which is under construction overlooking Doomben Racecourse, the site of some of Bernborough’s greatest outings.
From 1941 to 1946, the Queensland-born bay colt frequently compared to Phar Lap achieved 15 consecutive victories including winning the Doomben 10,000 and Doomben Cup in the same year.
Developed over four stages under an agreement with Brisbane Racing Club, Bernborough Ascot will offer 300 oversized independent living apartments and a wide range of private resort-style facilities for the ultimate in luxury retirement living.
Lendlease is also offering buyers a choice of purchase options ranging from the traditional deferred management fee model with a lower entry price and future exit payment, to a prepaid plan where owners pay no exit fees and retain any capital gain from a future sale.
Tony Randello, Managing Director of Lendlease’s Retirement Living business, said the two-hectare precinct would give residents the opportunity for an active and connected lifestyle in a unique location close to all essential health and community services, shopping, dining and entertainment.
“Our vision for Bernborough Ascot is to embrace the history, tradition, and legacy of the Doomben Racecourse as well as contribute to creating an intergenerational precinct for the Brisbane Racing Club and the broader Ascot community,” Mr Randello said.
“This new community will provide the best of both worlds – easy connections to the city and ready access to services, yet in an apartment designed as a retreat from the fast pace of urban life.
“We have also introduced several different contract options that give buyers the freedom and flexibility to choose the best payment model for their needs.”
Bernborough Ascot will feature one, two and three-bedroom apartments and penthouse style homes with high-quality finishes including state-of-the-art kitchens, stainless steel appliances and stone bench tops. Exceptional views of either the racecourse or the Brisbane CBD are available.
Private resort style facilities will include a trackside Masters Lounge and Club with bar, garden-facing art studio and future stages a planned bowls green, health and wellness studio with a pool, spa, gymnasium and consulting rooms, along with a theatre, restaurant, private dining areas and more.
Residents will also be part of the vibrant Ascot and Hamilton community, within walking distance of the new Racecourse Village Shopping Centre with supermarket, cafes and medical services. Bernborough Ascot offers easy access to Racecourse Road, Hamilton Wharf, Royal Queensland Golf Course, the Brisbane CBD and the Brisbane International Airport.
The Chairman of Brisbane Racing Club, Neville Bell, said Bernborough Ascot was a key pillar of BRC’s $1.2 billion Master Plan, which was transforming the Eagle Farm precinct into a premier multigenerational lifestyle precinct for Brisbane.
“With construction of the first stage well advanced, we are delighted to see this project coming to life alongside the other residential, retail, commercial and community components of this exciting region,” he said.
“We expect many of our members will be very interested in the possibility of living at Bernborough Ascot, together with other longstanding locals from this area who now have the opportunity for an amazing retirement lifestyle in a location they already know and love.”
Today’s Bernborough Ascot launch was celebrated with a VIP race day party hosted by Lendlease and featuring exclusive offers, Penfolds Grange wine tasting, champagne and canapes, a jazz trio and free fashion illustrations in a trackside marquee.
Construction of Bernborough Ascot commenced in January 2019 with completion of the first stage expected by around mid-2020. Prices start at $485,000 for a one-bedroom apartment and $1,400,000 for a penthouse.
Lendlease has more than 30 years’ experience in the retirement living sector, owning and operating 72 villages around Australia with approximately 17,000 residents. It has 12 retirement living communities in Queensland, including two in Brisbane – Keperra Sanctuary, Keperra and The Terraces, Forest Lake.
To find out more about Bernborough Ascot or register your interest, visit the Sales Display at Suite 14, Upper Level, Racecourse Village Shopping Centre at 188 Nudgee Road, Ascot, call 1800 411 601 or go to www.bernboroughascot.com.
Visit Bernborough Ascot Website