The Tribune

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE $30 million Venetian West development has received a strong market response, Tribune Business was told yesterday, having already sold-out one of its offerings with other products “moving very quickly”.

The 42-acre residential project in the Old Fort Bay area recently held an open house for perspective buyers, and Tim Rodland, an agent with Mario Carey Realty, said the response “overwhelming”.

“We had an awesome turnout. Over 100 people turned up for the open house. We were very impressed. It was actually an overwhelming response, to be honest,” Mr Rodland said.

“The market has responded very well to it. The units have been moving very fast. Since September a number of units have been sold, and they are moving very quickly. The market has spoken. We know how people feel about the product. It’s an excellent product, it’s a quality product and it’s moving.” 

 Phase One of the gated community development includes a ‘medley’ of 211 contemporary condominiums and town homes, and is being developed by the Quantas Investment Group.

In the Venetian West, buyers have four options to choose from: a two-bed, two-bath condo; a three-bed, two-bath condo; a three-bed, two-bath townhouse; and a three-bed, two-bath townhouse with a garage. Properties start at $239,000.

Amenities include a clubhouse with a gym and community pool, 24-hour security, tennis court, playground, walking trails and “lush” landscaping throughout the community.

For a limited time, the developers are also offering in-house financing, where buyers can reserve a unit with just 5 per cent down and pay 5.95 percent interest in the first year, increasing in the second.

“The Mandalay, which is a town house product, is a three bed, two and a half bath, is completely sold out. All the Mandalay units are gone. That’s 20 units in that offering. We also have the other units that are moving fast,”Mr Rodland said.