47 Claremont Street, South Yarra (Prime Tower)
Fast Facts:
Site: June 2014
Completion: July 2015
Project Value: A$29.9 million
Construction Loan: $18 million
Located on the north end of Claremont Street very close to Toorak Road and Chapel Street with easy access to public transport trams and trains. Occupying a central location approximately 4 km from CBD and within close proximity to the South Yarra Station and Chapel Street retail precinct.
The surrounding area has stylish and sophisticated positives, including world renowned restaurants and cafes, designer studios, the Royal Botanical Gardens, the Yarra River, Falkner Park and famous Chapel Street precinct.
There is also access to local primary and secondary school, and a large array of sporting clubs.
Highlights:
On completion the development comprised a 15 level, 59 apartment building with car parking for 40 car spaces.
Average floor area is higher than the majority of competing projects.
For further information about this development project, please contact Kevin Said – kf.said@ausfinancegroup.com.au.