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Knight Frank, on behalf of Kokoda Property, launches a 10-storey building 8 Montrose Street designed by CBG Architects in a secluded pocket of one of Melbourne’s most highly sought after suburbs. Just 7kms from Melbourne City, 8 Montrose Street sits within glorious neighbouring suburbs with an abundance of boutiques, major shopping retailers and innovative restaurants and cafes.
Melbourne’s most prestigious private schools and popular universities are only a walkable distance away, with public transport and a world of activity and entertainment right outside your doorstep.
8 Montrose Street contains 110 residential apartments including 61 one-bedroom apartments, and 49 two-bedroom apartments brilliantly designed under the expertise of Carr Design Group, each include a car parking space & storage. The apartments have floor-to-ceiling windows, 2.7-metre ceiling height to living areas, timber flooring throughout kitchen and living areas, carpet to all bedrooms, Miele ovens and gas cooker tops, integrated compact dishwasher, stone bench tops and bespoke joinery. Kokoda Property has embraced the principles of Environmentally Sustainable Design (ESD), minimising the impact on the environment where possible. Prices start at AUD 335,000 and it is expected to attract significant interests from buyers who know and love the area, and purchasers who are new to Melbourne. The construction is anticipated to commence in early to mid-2014 to for a mid to late 2015 completion.
Sarah Harding from Knight Frank International Project Marketing says, “Developments within this affluent area of Melbourne have created a frenzy of interest, and we are very excited to be marketing 8 Montrose Street in Hong Kong for the first launch in Asia.”
#Key findings:
1. Median house prices in Hawthorn rose from AUD 1,270,000 to AUD 1,400,000 in the past quarter.
2. Apartment growth in Hawthorn was 14% making it the 2nd fastest growing suburb in Melbourne in 2012.
3. Capital growth for apartments in Hawthorn is forecast to be at least 11% per annum for next 10 years.
#Sources: The Economist Intelligence Unit’s Global Livability Survey 2013, Realestateinvestar.com.au, Forecast.id, RP Data, Profile ID, Property Observer, Real Estate Investar
A property exhibition will be held at 2/F Chater Room, Mandarin Oriental Hong Kong, 5 Connaught Road, Central on 28 and 29 September from 11am to 7pm. For more information, prices of 8 Montrose Street or registration for the exhibition, please contact Knight Frank Hong Kong on +852 2846 7418 or investint@hk.knightfrank.com.