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Azure

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Property Summary


Property Name:                     Azure

Location:                                 Rhodes, NSW

Type:                                        Apartments 

Expected Completion:         Late 2009

Tenant Profile:                       Mainly professional couples with or
                                                   without children




PROJECT DESCRIPTION  

Shoreline Waterfront Village is a new, master planned community, located on the Rhodes Peninsula and Homebush Bay. This buzzing new neighbourhood includes residential property, local retail shops, community buildings and sporting facilities. And all within a fully landscaped, foreshore environment.

Occupying the desirable northern sector of Shoreline Waterfront Village, Azure is the first stage to be released. It comprises four buildings that provide visual interest through their varied from the scale. Designed by award-winning SJB Architects, they surround a landscape garden square that serves as an ambient retreat, and provides the apartments with a natural outlook.


PROJECT FEATURES

  • Azure is a progressive and environmentally sustainable development, complying with BASIX, the Building Sustainability Index, which contains the energy and water regulations implemented by the NSW Government.
  • 20 Metre solar heated lap pool, gym and steam room for exclusive use by Azure residents.
  • Residents will also have access to a centrally landscaped podium courtyard..


INVESTMENT OUTLOOK

Capital Growth:         

  • Waterside locations with convenient shopping and immediate access to rail services are extremely rare in Sydney and make the Rhodes Peninsula highly sought after - and rents are climbing rapidly here
  • Rhodes is a 10 year project and is currently still undervalued. However there is now finally enough quality amenities and apartments completed that people can see the feel why Rhodes is such a desirable place for owner occupiers and renters alike - this "reality check" should drive fresh growth as there isn't much land left 

Rental Return:

  • 1 bed (incl. 1 bed plus study) from $450 - $525 p/w
  • 2 bed (incl. 2 bed plus study) from $520 - $675 p/w
  • 3 bed from $780 - $950 p/w
  • Penthouses from $1200 - $1500 p/w


"X" FACTORS / KEY GROWTH DRIVERS

  • Shoreline residents will be the direct beneficiaries of new infrastructure and amenities in the Rhodes Peninsula area such as the new additions of a corporate park, a large retail centre, ungraded transport and increased connectivity to neighbouring parklands and sporting facilities.
  • With its premium waterfront location, this former area is now experiencing a full transformation. The potential of precincts such as these are recognised throughout Australia with new, vibrant communities evolving in formerly non-residential areas.

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