3005/283 City Road, Southbank, VIC

194

Inspection Info

Address

3005/283 City Road, Southbank, VIC

Guide

$1,000,000

Reviewed By

David McMillan, Buyers Agent on September 18, 2019

David McMillan

Buyers Agent

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First Impression

The Bank Apartments was Victoria’s first six-star energy-efficient residential tower integrated within the heritage-listed façade of the former Bank of New South Wales building. This unique tower is home to 360 apartments. This apartment has a good floorplan flow the only downside is the lack of outdoor space however very common design for these new high rise buildings. This unit would be suitable for young families professionals and downsizers however this spot of south bank is very common for accommodating internal students. The rate per square meter is $8800 which seems slightly below market for this pocket of the city. I would highly recommend flammable cladding checks.

Internal area
Low maintenance
Views of the city

No outdoor space
Limited value add potential
Lack of storage

Report Card

Buyers Agent

David McMillan

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David McMillan
BuyerX - Melbourne CBD

David has worked as a property Investment adviser, property consultant, buyer agent & valuer to private clients, financial planners, accountants, finance brokers and various government entities since 1999. He has been involved in more than $1b worth of transactions across Victoria, New South Wales, South Australia, Western Australia & Queensland.

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