Singleton continues to invest in Gosford

John Singleton Architect’s Image Ravello Bonython Tower

HAVING COMPLETED BONYTHON

Tower, the first major development in Gosford CBD for over 30 years, well known ad man and pub owner, John Singleton, has moved on to a new project with Ravello on the Gosford Waterfront that will set a new benchmark for the luxury residential market.

Construction of Ravello Residences by Erina builder Stevens Construction for Bonython Property & Investments the development arm of The John Singleton Group is now well underway with completion set down for 2021.

Ravello, is a boutique collection of 45 luxury residences at 65 Masons Parade designed by East Gosford architects White + Dickson and is described as presenting high-end hotel living of extraordinary scale and comfort where every element is simple, beautiful, yet highly crafted.

Features include wine cellars, furnished lobby entrance, cobblestone promenade and smart living amongst a long list of inclusions whilst encapsulating spectacular outlooks over the blue of Brisbane Water from almost every room.

In launching the campaign John Singleton said, “We wanted to develop something never before seen on the Central Coast … residences of absolute beauty.”

Ravello has definitely set a new benchmark in the area with regard to the level and quality of finishes being offered, this has not been seen before on the Central Coast. 2-bedroom apartments are selling from $830,000 and 3-bedroom from $1,180,000.

Three Penthouses have sold at prices above $2.5 million.

Commenting on the buyer demographic McGrath Central Coast Managing Director Jaimie Woodcock said, “Downsizers have dominated the buyer group responding well to the spacious apartments, large terraces and very high end finishes.

Meanwhile, having acquired the Elanora Hotel at East Gosford in early 2019 Mr Singleton spent a reported $2 million during 2020 on an extensive refurbishment of the well-known hotel.