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Property Summary Property Name:                     109 Clarendon Location:                                 CBD, Southbank VIC Type:                                        1-2 Bed Apartment Expected Completion:         2010 Tenant Profile:                       Mainly professional singles or couples who                                                     work in and around the CBD

PROJECT DESCRIPTION

Introducing 109 Clarendon and a rare opportunity to invest in a landmark development uniquely sited to offer both city and neighbourhood living. This state of the art building will provide investors and owner-occupiers with a rare opportunity to buy into high growth residential property at affordable prices.

It really is your chance to invest in a lifestyle that combines the energy of the city within the neighbourhood ambience of South Melbourne.

PROJECT FEATURES

• Located in CBD, VERY close to Melbourne’s best features, e.g; Crown Casino and Entertainment Complex with their cinemas, restaurants, hawker stalls, cafes and designer label shopping are two minutes on foot. National Gallery and Federation Square.
  
• Enjoy a skyline that reflects the light and movement of the city to the north, sunset and sunrise river views and an open skyline to the south. 
• 109 Clarendon will soar 34 stories high above the river and the streets below sweeping its residents up into a world of contemporary designer elegance. The apartments begin on the seventh level to take advantage of the views and provide a sanctuary in the sky where you can open the doors to your balcony three seasons a year.
• Each apartment is a masterpiece of innovative design with highly finished interiors and opening out onto private balconies. One and two bedroom apartments range in size, floor plans and outlook to allow investors to secure a city edge base or investment in real luxury level in the clouds.

INVESTMENT OUTLOOK

Capital Growth:          

• The location of the project is experiencing a greater than average population growth rate driven by overseas migration which is driving demand
• Future infrastructure developments in the surrounding areas will add to the area’s appeal in future

Rental Return:          

• Melbourne has one of the strongest rental markets in Australia with demand and returns rising dramatically over the past 24 months. By the time this project completes returns are expected to be well in excess of 5%

"X" FACTORS / KEY GROWTH DRIVERS

• Southbank is undergoing a $2 billion plus building boom. These projects include the soon to be completed Melbourne Convention Centre ($1b) including a new retail and café precinct, Crown Hotel ($300m), Melbourne Theatre Company and Recital Hall ($120m) and beautification of City Road which will occur in coming years.
• The Southbank Plan has been approved by the Victorian Government to guide future and public investment in the Southbank Arts and Entertainment precinct. The State Government has already committed $5million to the first project around the Sturt St, which will transform the area into a major pedestrian-friendly arts and cultural attraction.

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