10 Hope Street, Brunswick (B Brunswick)
Site: December 2013
Project Completion: December 2014
Project Value: $30.4 million
Construction Loan: $18.3 million
Syndicated Investment: $3.6 million
Located on the north-eastern corner of Hope and Breese Streets very close to Sydney Road with easy access to public transport trams and trains (30% of residents use public transport. 2011 Census), occupying a central location approximately 5 km from CBD and within close proximity to the Anstey Railway Station and Sydney Road strip retail precinct.
The suburb of Brunswick is a multi cultural suburb in demographic flux, and one of the designated 82 Major Activity Centres in the Melbourne 2030 Metropolitan Strategy. Units in Brunswick have increased in value 8.20% since 2005 c.f. Melbourne 6.90%, with 42% of units rented.
Now with construction complete, you see a boutique building with only 64 one and two bedroom apartments.
Uncomplicated and intelligently considered interior design makes sense with absolute function. One bedroom apartments are a minimum of 50m2 plus balcony and generous sized two bedroom, two bathroom apartments range from 73m2 to 118m2. Some apartments have additional smaller terraces accessed from bedrooms and many have study alcoves, en-suites and WIR’s.
Built in storage is at a maximum and most apartments enjoy study alcoves, en-suites, walk in robes and custom finishes are a standard. Urban living is reimagined with impressive high tech amenity and low key style flooded by natural light from true, floor to ceiling windows, sliders and internal light wells.
Returns to equity investors 26.8% p.a.
Completed comfortably within schedule and with the use of no contingencies.
Once complete, the development comprised of 2 offices, 3 retail and 63 apartments.
For further information on this development project, please contact Kevin Said – firstname.lastname@example.org