The first of two buildings at Coronation Property's 883-apartment "The Paper Mill" precinct in south-west Sydney is due for completion next year.
With construction continuing apace, the recent announcement that The Paper Mill precinct will be home to a new dining hub has generated significant interest across Sydney, with locals and investors alike flocking to secure their spot in the burgeoning precinct.
The Paper Mill’s heritage-listed mill building, which is currently used as the site’s display suite, will undergo conservation and adaptive re-use to transform it into a 1,400-square metre open plan dining venue, with food offerings including an artisanal bakery and cafe, a rotisserie, wood-fired pizza kitchen, in-house brewery, private dining rooms and a kids’ play area.
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The open plan dining venue is scheduled to be completed by March 2018, and is just the latest in a string of major announcements that are attracting buyers to The Paper Mill, according to Coronation Property’s Managing Director, Joe Nahas.
“The retail precinct at The Paper Mill is certainly an enticing prospect for our buyers, with many of them commenting on the benefits of having a buzzing retail and food precinct on their doorstep,” Nahas said.
“However, this is not the only reason we’ve seen a surge of interest from both locals and investors, with other exciting developments at The Paper Mill including the revitalisation of the site’s Georges River frontage, which also involves the design and construction of a riverwalk by Liverpool City Council.”
The riverwalk at The Paper Mill will link residents at the riverside precinct to the Liverpool Railway Station via a 700-metre, 10-minute walk along a shared community pathway, providing a riverside recreation space for the community and improving connectivity with the Liverpool CBD.
In addition to these exciting announcements, the buying public has been drawn to the fact that The Paper Mill will become an instant community in Liverpool, with access to parks, public activities, and shopping.
“When the precinct is complete, it will really transform this area of Liverpool from its light industrial past into a vibrant riverside village, and our buyers, including many locals, are telling us how excited they are to be able to live here,” Nahas said.
“The precinct has been designed in a way that makes it a perfect environment to raise a family or purchase a first property, and it has all the ingredients to ensure it will be a home to our buyers for many years to come, including great transport access, proximity to the Liverpool CBD, and fantastic local facilities including hospitals and education.
“Indeed, what we’ve found is that once our buyers see the quality of lifestyle on offer at The Paper Mill, many of them refer their family and friends as well.”
To date, only a handful of apartments remain for sale across the development’s first three stages – The Paper Mill, The Bindery and The Gild.
“While it’s true that apartments are in increasingly short supply in our first three stages, we’re still encouraging buyers who are interested in purchasing at The Paper Mill precinct to also consider our final release, The Foundry, where we have a range of affordable, well-designed apartments on offer.”
Nahas said work is progressing rapidly on site, with The Paper Mill precinct’s first two buildings due for completion next year.
“At this stage, we expect both The Paper Mill and The Bindery to open in mid-2018, followed by The Gild in late 2018, and finally The Foundry in mid-2020.”
With this in mind, and as more buyers and investors turn to Liverpool, apartments are selling quickly.
Certainly, the suburb’s booming popularity, with its well-priced apartment housing and booming economic potential, is contributing to Liverpool’s youthful median age of just 33.
With Liverpool City Council estimating that one in three new residents of NSW will live in the Great South West by 2036, the region’s population is also expected to increase by 77 per cent in this time.
In addition, the economy in south west Sydney is tipped to go from strength to strength, with the area already home to around 43,000 businesses contributing $22 million to the national economy each year.
“For our part, Coronation’s investment in the Great South West will continue until the region’s rapidly-growing population finally has the same access to high-quality, well-designed masterplanned precincts that are available in Sydney’s inner-city suburbs,” Nahas said.
For further information about The Paper Mill, visit the site’s display suite at 20 Shepherd Street, Liverpool, which is open Thursday–Sunday 11am to 4pm, or alternatively, contact Coronation Property on 1800 768 401 or go to liveatthepapermill.com.au.
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