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Property Summary Location:                                 North Parramatta, NSW Type:                                        1, 2, 3 bed Apartment Expected Completion:         May 2012 Tenant Profile:                       Professionals, singles                                                   and couples

PROJECT DESCRIPTION

Within easy walking distance to Parramatta CBD, the riverfront precinct, and Parramatta Parklands, this development is destined to become North Parramatta’s most sought after residential address for discerning owner occupiers and investors.

The project’s stunning modern facade and spacious interiors will ensure that this iconic project will stand out. With over 2500sqm of quality retail shopping on the lower floors, each elevated apartment will be the epitome of convenience, amenity and security.     

PROJECT FEATURES

• Quality architectural design and construction 
• "Freestanding" building with abundant natural light and views preserved on all sides 
• Spacious open plan apartment designs
• Fully tiled living and dining areas - elegant finish and easy to maintain
• Supermarket and retail shops conveniently located downstairs - the ultimate convenience factor for residents
• High level of security - all apartments elevated above ground level 

INVESTMENT OUTLOOK

Capital Growth:         

• Low vacancy rates and high underlying demand for real estate in North Parramatta is likely to be the catalyst for future capital growth. The Suburb's proximity to Parramatta CBD (where there are a range of major projects planned or being built) will create huge demand for fringe suburbs like North Parramatta. (See "X" Factors below)

Rental Return:          

• Approx 5% p.a. gross

"X" FACTORS / KEY GROWTH DRIVERS

• On fringe of Parramatta CBD
• Parramatta Riverbank redevelopment proposal
• Civic Place - largest urban development project in NSW
• Close to Westmead Hospital - a key employment hub
• Walk to picturesque Parramatta Park - 84 hectares of parklands
• Close to Westfield Parramatta - 3rd largest shopping centre in Australia
• Bus at door and convenient access to M2, M4 and other major roads 

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