For those who are not familiar with this building and location, this is one of the most prestigious towers in Melbourne CBD developed by CBUS property. Location wise it is very close to all the high-end shops on Collins street. Probably suitable for downsizers and young professionals. The massive plus with this apartment is the orientation facing the park. In the last month, we have inspected a couple of apartments in this building and have access to off markets. Based on our due diligence in this building, the going rate per square meter for apartments is in the range of $15,000 to $21,000 which means that at the mid-price point of the advertised range for this particular apartment the rate per square meter $16,633 which seems within market levels.
- Premium location
- Low maintenance
- Views of the fitzroy gardens
- Small sized bedrooms
- Limited value add potential
- Lack of storage may be a concern
Buyers Agent
