Brisbane, Jan 10, 2008 (ABN Newswire) - The old adage location, location, location, proves itself once again, with the first stage of apartments at the landmark Settler's Cove development, Noosa Heads, sold out. Stage two, the Riverlight apartments, due for completion December 2008, has just been released and is 70% sold.

Unique to Settler's Cove is that it is a combination of land for sale and apartments, it is completely hidden away yet at the epicentre of Noosa, and it is an elevated site on the edge of Noosa Junction. This master-planned community by boutique developer Cape Bouvard, is 36 hectares in total, which will ultimately be comprised of several low-rise apartment buildings atop a sandy escarpment on Noosa Sound, separated from massive home-sites by a beautifully landscaped native fauna and flora reserve. Settler's Cove links each precinct with wide pathways that give level access to the Junction in one direction, and a short stroll to Hastings Street in the other.

Two-thirds of the total development site is allocated to conservation, with a natural watercourse to be developed into a landscaped conservation wetlands area, along with proposed jetty on Noosa Sound.

Home sites range in size from 943m2 to 2014m2 (average is 1300m2) and blocks are just metres from the Junction and metres from the water, yet tucked away within a natural forest. Some have hinterland views, others enjoy a lush bushland setting. One third of the home sites have already sold since release as people realise the significant value and capital gain potential these home sites represent, starting at just $490,000. There has been no marketing of the development outside of Noosa itself to-date and although it qualifies for foreign investment approval, locals have been among the first buyers.

With water frontage and access to Noosa Sound, the apartment precinct enjoys stunning views north over the Noosa River to Double Island Point, north east over the Sound, the Sheraton and Laguna Bay, and north west up the river to Mount Cooroy with sensational river sunsets.

Exclusive to Settler's Cove is the range of options: Luxury house-size waterfront apartments on an escarpment overlooking Noosa Sound; vast blocks of land on which to build your dream beach house and soon, resort strata investment opportunities.
Settler's Cove is a hidden, low-density five-star urban development in the very heart of Noosa. It is open throughout the Christmas season for inspection, and inspection will impress.

ENDS
For more information, for high resolution images or to arrange a press site tour contact:

Alex Harris
Masterstroke Group
M: 0412 635 274
(International: +61 412635274)
E: settlers@masterstroke.com.au

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