Developer

Bensons Property Group has been focused for over 18 years in delivering solid investment properties & homes in great locations mainly city fringe with good steady capital growth. The buildings are well designed & well built.

Location

Travancore is the gateway to the Northern suburbs as and is only 2.5km to the CBD. It is also very near to the Melbourne Uni Parkville campus, the Royal Melbourne Hospital, etc. This little suburb that everyone has overlooked until recently is tipped to be Melbourne’s hot spot in 2011 by the RP Data’s May 2011 report.

• Surrounded by parklands
• Tram stop immediately adjacent
• 3 mins walk to the Flemington Bridge train station
• 3 mins drive to City Link freeway
• 5 mins drive to Melbourne Uni
• 10 mins walk to the famous Laksa King!

Residents 

Due to the proximity to its surrounding, Stage 1 & 2 has attracted a good mix of students [30%] and young working professionals [70%] with doctors/nurses, CBD workers plus pilots/flight attendants with easy access to the airports. Further the tram stop at the front of the building is to be upgraded into a new tram ‘super stop’ with other access improvements in early 2012.

Design 

ALT is the 3rd & last stage of the project master plan all designed by Fender Katsalidis [of Eureka fame]. Gym, sauna & function room on the GF. On site manager available. Residential apartments start only from level 8 – level 25 [with a sky garden on level 8 & car parking below].

Views

With no other tall buildings around, with parklands surrounding the building, the views are spectacular and will not be built out. South is City views. East is the Royal Park views. West is the Debneys Park views. North is Macedon Ranges.

Value 

All apartments come with a carpark, central a/c + heating, stone bench tops to kitchen & bathrooms, built-in robes & study; 4 gas burner cook tops with stainless steel oven. The respective sizes are on the floor plans. [Price list & floor plans attached]

Outgoings 

Very reasonable outgoings considering the building includes services, gym, sauna, function room facilities & BBQ. 

Rental return

Is projected at average 5%. Turnover should be quite low overall as rental properties here are still high in demand. Stage 1 & 2 vacancy rate is currently ‘zero’ with a growing wait list.

Car share 

There will be 5 Green Share cars available in the building where cars available to be used starting at $9/phr with an annual membership of just $55/pa.

Stamp duty savings

Still available and substantial. Construction by Hickory has started and we are passing level 16. Completion is scheduled for June 2012.

FIRB – all apartments approved