Property Name: The PrecinctLocation: Adelaide CBD, SAType: 1, 2, 3 bed Apartments Expected Completion: Late 2009 Tenant Profile: Mainly professionals and overseas students
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.
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
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