Perth project to attract investor interest

Perth project to attract investor interest Investors as well as owner-occupiers are tipped to flock to a new A$32 million (US$29 million) boutique apartment development in Northbridge, Perth amid predictions the area is set to enjoy strong growth.

The distinctive 61-apartment Vélo project at 89 Aberdeen Street features winter garden balconies that can be fully enclosed allowing residents to relax and entertain in the properties year-round. The project is firmly focused on environmental sustainability featuring, amongst many initiatives, solar rooftop panels, rooftop catchments for water harvesting, and waterwise landscaping, as well as double glazed windows throughout.

The development also boasts open-air, light-filled walkways between the apartments featuring sustainable gardens that are automatically watered through the water harvesting technology, providing a healthier space and a more natural feel while boosting privacy for residents.

Vélo is the creation of local property development management group Baltinas Made and designed by award-winning Baltinas Architecture.

“Vélo’s edgy design combined with the unique lifestyle opportunity its location offers – being so close to major business hubs but also surrounded by all-day dining and entertainment options – is already attracting interest from couples and singles,” said Mr Baltinas. “Another key focus of the development is the potential for car-less living. It features bicycle storage units, has a cycleway running in front of the building, a bus stop on its doorstep, and Perth train station is 600 metres away.”

Another attraction in Northbridge is that it offers an inner-city lifestyle with all the attributes for investment and strong growth, yet remains affordable when compared to other Perth CBD addresses.

“Northbridge’s future as an investment hotspot is bright thanks to the activation of the William Street heritage precinct, an influx of hip dining and shopping spaces, and a multi-billion dollar injection of new infrastructure development including the Northbridge Link, Perth Arena, and the new cultural centre,” said Cindy Lee of  MLG Realty,  leading player in the Australian property market. “All of this provides a contemporary urban lifestyle that drives demand from owner-occupiers and tenants alike.”

One-bedroom apartments start from A$355,000 and two bedrooms from A$495,000. All apartments feature at least one car bay and facilities for charging electric cars.

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