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The Precinct

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Property Summary


Property Name:                   
The Precinct

Location:                                Adelaide CBD, SA

Type:                                       1, 2, 3 bed Apartments

Expected Completion:         Late 2009

Tenant Profile:
                      Mainly professionals and overseas 
                                                 students

 

PROJECT DESCRIPTION

A vibrant residential, commercial and retail space, The Precinct is in the cosmopolitan west end of Adelaide, perfectly positioned to enjoy the Adelaide Central Market, China Town, restaurants, wine bars, cultural venues and parklands.

The second stage of The Precinct is Altitude. A visually striking tower soaring into the city skyline, Altitude at The Precinct will give you an unprecedented view of Adelaide. Views to the east will provide the lights of the city as a stunning backdrop and views to the west watch the sun setting over the coast.


PROJECT FEATURES

  • Unique pinwheel design gives each apartment excellent views in more than one direction.
  • Rec Deck - Adelaide's first indoor glass bottom pool suspended high above the ground, outdoor pool, sauna, spa, squash court, bowling alley, taichi deck, zen garden, yoga studio, gymnasium, private dvd cinema, media centre, library, bar and lounge.
  • Unlike other CBD development Altitude is part of a larger project known as The Precinct. Includes new Interstate bus terminal with 1300 new dwellings in total.
  • Wireless internet throughout all of The Precinct.
  • Ipod docking stations inside all apartments (enables tenant to play ipod through built in speakers)


INVESTMENT OUTLOOK

Capital Growth:             

  • If trends in other capital cities is anything to go by, there should be strong capital growth in The Precinct, with extensive government and private investment in quality infrastructure and developments in the CBD area.
  • The early stages in any major urban renewal project traditionally reward investors who buy in earlier stages - before the vision and quality of a project is revealed.


Rental Return:               

  • 5% p.a. gross approx

 

"X" FACTORS / KEY GROWTH DRIVERS

  • $600 million City Central development
  • $500 million Central West project which will include a new, state of the art, $26 million bus station
  • $140 million Flinders Link office block


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