Landmark Project, City Views, Long Completion, Secure On 10% - Victoria Property For Sale Or Rent at BestRealEstatePlanet.com

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Landmark Project, City Views, Long Completion, Secure On 10%
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Property For Sale Or Rent: Landmark Project, City Views, Long Completion, Secure On 10%

Australia, Victoria

South Yarra
Melbourne
Victoria
Australia


Property for sale: $347,000 AUD  (Financing Available)

Apartment For Sale in Melbourne, Victoria Australia

Now is the time to invest in Melbourne. Over the last 12 months vacancy rates have been falling and rents have been increasing and prices will soon begin the next upward cycle.

These apartments are ideally located in South Yarra, a well established suburb just 2.5km from Melbourne city centre.
Now is the time to invest in Melbourne. Over the last 12 months vacancy rates have been falling and rents have been increasing and prices will soon begin the next upward cycle.

These apartments are ideally located in South Yarra, a well established suburb just 2.5km from Melbourne city centre. A suburb that since 1975 has outperformed metropolitan Melbourne in capital growth and has an excellent rental demand.

These apartments offer a great choice of 1, 2 and large 2 plus study executive floor plans. Many apartments will have fabulous city views.

Completion is not due until mid 2007 and apartments can be secured now on just 10%, plus we have negotiated a 2 year rental guarantee (from the completion date) at the current market rate. Buy purchasing at this early stage investors will save thousands in stamp duty costs, as much as $20,000 on a $500,000 purchase.

Non resident investors can purchase these apartments and non resident investors can (subject to banks normal lending criteria) borrow up to 80% from local Australian banks at the time of settlement.

A project summary follows. For full details please click through on the web site below, enter your details and you will receive an automated email that will allow you immediate access to our Investors Only web site, which will give you full details on this project. These include all plans, specifications, images and a live database of prices and availability. Plus access to purchasing and lending documents for non resident investors and research documents for this location.


Project summary:

Overview:

Key Benefits:

• Landmark building
• Located in the established suburb of South Yarra
• Just 2.5kms from Melbourne’s city centre
• Mid 2007
• Rental guarantee for 2 years at the market rate
• Huge stamp duty savings compared to completed projects, in excess of $20,000 on a AUD$500,000 2 bedroom plus study apartment.

The Melbourne property market is a proven performer. Over the last 12 months vacancy rates have dropped to all time lows and rents have increased. Now is the time to invest in the Melbourne market and lock in today’s prices with just a 10% deposit.

With current market conditions in mind we have a unique property destined to become a South Yarra landmark. It has a long completion time, is specifically designed for the demographics of the area, offers substantial stamp duty savings for those who purchase at this early off the plan stage and brings to the location a new standard in urban living and cutting edge design.

Residents will have access to a private roof garden, swimming pool and a fully equipped gym.

The project contains a mix of 1, 1+study, 2, 2+study and 3 bedroom apartments, many of which will have excellent city views.

Location:

South Yarra is just 2.5kms from the CBD.
It is one of Melbourne’s most established suburbs.

• A suburb that has 48% of its population aged 25 to 49
• A suburb of especially high income earners
• A suburb where 68% of residents are lone persons or couples without children
• A suburb where 64% of apartments are rented
• A suburb that since 1975 has outperformed metropolitan Melbourne in capital growth
• A suburb with limited remaining residential development sites
• A suburb that currently has further commercial projects underway that will, over the next 3 years bring a further 1500 workers to the area.

These apartments are located in the heart of South Yarra, within walking distance to world class shopping, cafes, bars, sporting and recreational facilities, public transport and the nearby Yarra River. Melbourne’s CDB and St Kilda Road precincts are just around the corner.



Expected Completion Dates:

Mid 2007.


Priced from:

All apartment prices include air conditioning and car spaces.
One bedroom from AUD$347,000 (average size 54sqm interior plus 8 sqm balcony)
One bedroom + study from AUD$420,000 (average size 70sqm interior plus 8 sqm balcony)
Two bedroom from AUD$398,000 (average size 60 to 75sqm interior plus 8 to 18 sqm balcony)
Two bedroom + study from AUD$545,000 (average size 83 to 95sqm interior plus 14 to 32 sqm balcony)
Three bedroom from AUD$1,085,000 (average size 130sqm interior plus 12 sqm balcony)


Projected rents:

Based on the current market conditions, rent is projected at around 4.5% gross of the purchase price. Though vacancy rates are currently falling and rents are increasing.

A two-year rental guarantee at the market rate will be available to ensure that investors will have immediate rental income following completion.



Purchase Process:
These apartments can be secured with a cash deposit of 10% of the purchase price with the remaining 90% not due until project completion.

These apartments can be purchased by non-resident investors (as can all of our listed projects); non-resident investors can generally obtain funding (subject to normal bank lending criteria etc) for up to 80% of the value of the apartment.

Documents for general purchase procedures for non-resident investors are available on our “investors only� web site, email us now to access this site.


More details:
For full details please click through on the web site below, enter your details and you will receive an automated email that will allow you immediate access to our Investors Only web site, which will give you full details on this project. These include all plans, specifications, images and a live database of prices and availability. Plus access to purchasing and lending documents for non resident investors and research documents for this location.
Property Summary
Offered by   Agent
Features   Furnished, Pool, Tennis Court, Gym/Spa, Balcony,
Contact information
Contact person name   John Faulkner - Home Port Property
Phone numbers   +61 2 9949 5200
Fax numbers   +61 2 9907 9263
Website link   www.homeportproperty.com.au/projects1a.htm
Photos




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