Buy The Principal
Apartment Residential Property for Sale in Melbourne, VIC, Australia
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| Title: | The Principal | |||||||||
| ID Number: | 11837 | |||||||||
| State: | Victoria (VIC) | |||||||||
| City/Town/Suburb: | MELBOURNE VICTORIA 3000 | |||||||||
| Listing Type: | Residential Property | |||||||||
| Categories: | Apartment, (Off the Plan) | |||||||||
| Description: | The Principal 69 Flemington Road, North Melbourne The North’s Principal Address The Principal is located in the Academic Heartland of Melbourne - Australia’s most elegant city. Where Flemington Road, one of the city’s grandest boulevards, makes its final approach to the CBD. This dramatic landmark building comprises 162 one, two and three bedroom apartments and 2 penthouses over 15 levels, making its definitive statement in urban luxury, offering stunning interiors and tailored living. Why Invest? • North Melbourne has strong connectivity to surrounding suburbs and transport links such as City Link, via key transport routes of Flemington Road and Arden Street. • Data from the City of Melbourne shows that the total student capacity of education institutions in the suburb of North Melbourne grew from 1,912 in 2004 to 4,499 in 2014, representing growth of 135% over the decade. • Residents of North Melbourne benefit from proximity to the CBD, the core employment hub of Melbourne, and also the Docklands employment precinct • City of Melbourne is expected to grow by some 74,000 people to over 200,000 residents by 2031. North Melbourne is forecast to house some 6,500 of these residents. • The median sale price for apartments in North Melbourne registered solid growth of 5.0% per annum over the past 10 years. • North Melbourne has an active rental market with 67% of households renting their home. • Over the past ten years to September 2014, median rents across all apartments in North Melbourne have increased by a total of 49%. • A precinct measuring 147 hectares, located north-west of the Melbourne CBD between the suburbs of North Melbourne and Kensington, has been identified for urban renewal by the City of Melbourne. • There will be improvements made to public transport, roads, parks, community services, community facilities and an increase in the population of residents, jobs and businesses. This will be done by converting the area into a diverse and thriving community through five key directions of development. • According to a recent Secret Agent Report, apartments located within 200 metres of a station rose on average by 5% and those located between 800- 1000 metres rose by approximately 4%. |
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| Price: | $ 525,000.00 to $ 680,000.00 | |||||||||
| Stock Value: | Upon application | |||||||||
| Net Profit: | Upon application | |||||||||
| Turnover: | Upon application | |||||||||
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