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Ph (03) 9600 1111
Fax (03) 9278 8830
Level 9, 365 Queen St
Melbourne, Vic 3000
Australia
Southbank Central
Inspect at
191 CityRoad Southbank
Melway: 1D M6
Mon - Sat, 10am to 5pm
Sundays 12 to 5pm |
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News & Editorials
Every week Central Equity writes a number
of news editorials which appear in Melbourne newspapers. This weeks article is posted below.
Click here
to access our archive of news editorials
5/05/01
Central Equity's
brand new release "Southpoint" unveiled
Central Equity Limited
recently announced that it has awarded the construction contract of
its $110 million, 31-storey residential tower ‘City Point’
at 668 Bourke Street, Melbourne to Multiplex Constructions Pty Ltd.
Off-the-plan sales of City Point over the last four months have been
in excess of $100 million, with only 12 of the 308 apartments still
available for sale.
Riding on the back of the huge success of City Point, Central Equity
has brought forward the public release of its latest concierge apartment
development, a $70 million project to be known as ‘Southpoint’.
The public release which was due for around June this year, has now
been scheduled for May. Southpoint is located at 22 Kavanagh Street,
Southbank on the corner of Kavanagh Street and Southbank Boulevard.
Southpoint is a unique opportunity to acquire an address in Melbourne’s
finest inner city location.
In the last 10 years, billions of dollars have been spent on transforming
Southbank into the premier arts and leisure precinct and a wonderful
place to live. Only a short walk from Melbourne’s business district,
Southbank is home to the Victorian Arts Centre (National Gallery,
the State Theatre, the Melbourne Concert Hall) and numerous theatres.
Southpoint is just 300 metres to Southgate, home to popular riverside
cafes and fine dining and boutique shopping. Also nearby is Crown
offering a host of entertainment options including casino, cinemas,
live shows, fine dining and a five star hotel.
Southpoint’s location, in the green belt of inner Melbourne,
is only metres from tree lined St Kilda Boulevard, the banks of the
Yarra River, picturesque Kings Domain and the Royal Botanic Gardens.
Also close by is Albert Park, home to Melbourne’s inner city
lake, golf course and other sporting facilities.
Southpoint is well serviced by public transport. As well as the numerous
trams on St Kilda Road and Southbank Boulevard, residents will only
be a short walk to Melbourne’s main train hub, Flinders Street
Station.
“When we started inner city development back in the early 90s,
we relied on the convenience of location and proximity to work and
entertainment. Now as the inner city lifestyle has grown more and
more popular, there is a greater need for services and technology
to complement today’s lifestyle for inner city residents”,
Central Equity’s Managing Director, Eddie Kutner, said. He went
on to say that “not only is the Southbank an outstanding success
as a new residential precinct, but inner city residents really appreciate
the services we are providing”.
Southpoint will feature a concierge service, a convenience grocery
store with ATM and full keyless security. All services will be further
enhanced with each apartment having the latest technology including
fast Internet and full personalised e-mail.
Southpoint is the third of Central Equity’s new product range
of concierge apartments, featuring "smart"building technology.
The building will be fitted with the latest in optic fibre network,
which will also facilitate future development on IT telephone services,
video conferencing, video on demand and music on demand. On the ground
floor there will be a heated indoor swimming pool and gymnasium with
a prestigious foyer, which will include artwork and a water feature.
The residential development boasts 31 storeys. The 1, 2 and 3 bedroom
tower apartments start on Level 8 ensuring that all apartments offer
bright interiors and panoramic outlooks from the living areas. With
a choice of colour schemes and options when buying, purchasers can
tailor the décor of their new inner city apartment. Some of
these features include spacious carpeted living areas, modern kitchens,
bathroom & laundry, and much more.
Central Equity’s sales of Southpoint apartments have already
begun and are now selling from A$239,000. There are very good reasons
why Southpoint is an ideal investment choice:
Save up to $25,000 government stamp duty (to early off-the-plan purchasers).
Penthouse buyers save even more!
Pay just 10% deposit (protected by Law Institute Guarantee) until
settlement
Fixed price
Freehold title
Ready for occupancy on completion
Strong potential rental demand – Rental guarantee
Choice of 1,2 and 3 bedrooms and penthouses
Secure undercover car parking
10 year building warranty in accordance with Victorian State Government
Legislation
Central Equity’s maintenance warranty
Exclusive property management services by Central Equity’s wholly
owned subsidiary Melbourne Inner City Management
Preliminary enquiries for buying off-the-plan at Southpoint are invited
now on site between 12 - 5pm Saturday and Sunday, or ring (03) 9600
1111. Investors can save up to $25,000 in Stamp Duty (off the plan).
Click
here
for the archive of Central Equity editorials
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