This information pack has been prepared by the John Hopkins Group for private use by its clients and Valued Intermediary Partners. This information may be subject to change, and may be updated from time to time. The information contained herein is general property investment advice and does not take into account individual situations, needs or goals. It should not be relied upon and persons should satisfy themselves through independent means that any decisions based on this material are appropriate. We recommend that you consult with your John Hopkins Group Adviser who will be able to make a recom- mendation based on your specific circumstances. INFORMATION PACK: ATRIA Project Description with Research and Investment Analysis Address: Cnr Lynch & Golding Streets, Hawthorn, Victoria, 3122 Arst impression of the external façade of Atria, Hawthorn Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
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This information pack has been prepared by the John Hopkins Group for private use by its clients and Valued Intermediary Partners. This information may be subject to change, and may be updated from time to time. The information contained herein is general property investment advice and does not take into account individual situations, needs or goals. It should not be relied upon and persons should satisfy themselves through independent means that any decisions based on this material are appropriate. We recommend that you consult with your John Hopkins Group Adviser who will be able to make a recom-mendation based on your specific circumstances.
INFORMATION PACK:
ATRIA Project Description with Research and Investment Analysis
Artist impression of the external façade of Atria, Hawthorn
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
INTRODUCTION TO ATRIA, HAWTHORN?
John’s thoughts on the development:
“Hawthorn is one of those inner urban suburbs that has been a prime location since the development of Melbourne from the early 1980’s.
Today Hawthorn is an eclectic mix of inner urban activity with charming family lifestyle amenity where old and new come together with great style. With its beautiful leafy streets Hawthorn has mansions dating back to the gold rush days amongst modern family homes, old townhouses and lovely apartments.
Considering the way a major population base develops into a major metropolis Hawthorn and its real estate will continue to be keenly sought after by both owners and occupiers.
Recently we recommended clients purchase a project in Hawthorn that was to be developed with quality apartments and the response from our clients and associates was overwhelming; not that we found this surprising.
It will be no different with Atria.
Between Burwood Road, Lynch Street, Glenferrie Road and Power Street the position is near perfect for this style of property. I am not saying there aren’t other great locations in this marvellous city, but it is equivalent to the best.
Atria’s proximity to Glenferrie Road is so important to my assessment of this development. Within a stone’s throw of the development there is a 150 year old blue stone church, a 130 year old town hall, a world class university, Glenferrie Oval, the famous football ground with a heritage listed grandstand, a beautiful park, a soon to be developed $27 million aquatic centre and a train station that allows city workers to enjoy a 10 minute commute to and from the CBD.
In addition to all this fantastic amenity, Glenferrie Road is inundated with business, retail, entertainment and a thriving dining precinct that has everything from fish and chip shop’s to the finest dining restaurants.
You may have heard me say before that when a client purchases a property that is an apartment within a development, they are not just purchasing a single apartment they are purchasing “a part” of the overall development, therefore the whole development must be excellent quality. This is absolutely true for Atria. The project, in regard to external and internal design and function will speak for itself, however please contact us so we may explain the many other important features and the further reasons for our supreme confidence in these properties as quality investments. ”
John Hopkins - Executive Chairman
IN THIS PACK:• DevelopmentOverview• Location• InvestmentPotential• DevelopmentTeam• SampleFootplateandFloor
Plans• WhyInvestinAtria?
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
DEVELOPMENT OVERVIEW
Property Type Price Range Estimated Weekly Rent*
One Bedroom (Internal45-51m²
plusbalcony)$414,000-$454,900 $370-$430
*Rental estimates and exact rental returns will vary for each individual apartment depending on its floor plan, apartment size, position within the building, aspect, views and other issues such as lease terms and conditions.
Construction Period: Constructionisexpectedtocommenceinthelastquarterof2012.Completionisexpectedtobeearly2014.
Artist impression of the interior courtyard
Attuned toMelbourne’sdynamicarchitectural culture,Atriaharmoniseswith the richheritage of its surrounds. This progressive project reflects the very latest Europeanthinkingonlow-levelapartmentliving.Wellknownasarchitectsofunique,contemporaryhomes, Hayball envisage a confident form that encompasses bold geometry and aninspireduseoflightandshade.
Atria provides an impressive, cutting edge visual experience. The architects haveintroducedadistinctiveandcohesivedesignaestheticacrosssixlevels.ThedevelopmentembracestheworldoutsidewithcafésandboutiquestoresonthegroundlevelensuringAtriaisanexciting,integratedpartofitsneighbourhood.
Each apartment features stainless steel appliances and stone benchtops and has aspacious open plan living areawhere the kitchen, dining room and lounge formoneintegratedspaceforentertainingorrelaxingandthespaceexpandswitheasebyopeningtheslidingdoorstothebalcony.Manyapartmentswillenjoyviewsovernearbyparksandthecity.AttheheartofAtriaisaninteriorcourtyardthatlendsthebuildingitsname.Theinternalcourtyardisadynamicspacethatoffersresidentsafeelingoffreedomandopenness.Acommunalplacetomeet,socialise,seeksanctuaryfromtheoutsideorenjoyaquietmoment.Partsculptural,partpracticaltheactivelandscapeofbenchseats,elongatedtables,platforms,stepsandpodiumsmakesthespacebothvisuallyexcitingandultimatelyinviting.
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
LOCATIONAddress: Cnr Lynch and Golding Streets, Hawthorn
Hawthorn is located5kilometreseastof theMelbourneCentralBusinessDistrict. It’sneighbouringsuburbsareKewtothenorth,EastHawthorntotheeast,TooraktothesouthandRichmondtothewest.
The development site has three street frontages, Lynch Street, Golding Street andBurwoodRoad.Manyapartmentswillachievemagnificentviewsovertheparklandsortowardsthecity.Theareaaroundthesitehashistoricallybeenlightindustrial,buttheCouncilplanstotransformitintoavibrantprecinct,integratingnewcafes,restaurantsandbarsoverthenext5years.Inparticular,LynchStreetiscurrentlybeingre-developedwithtreesandstreetfurniture.
Atria’sproximitytoretailshopping,publictransport,universitiesandschoolsandgeneralamenity is enviable. This locationprovides residents access to an exclusive lifestyleexperienceinoneofMelbourne’smostvibrantandaffluentsuburbs.
Hawthorn boasts a unique blend of heritage prestige and creative charm. Reflecting the relaxed confidence of Melbourne’s new establishment, the suburb is a blend of historic homes, leafy streets, sophisticated designer apartments, bustling cafés and reinvigorated hotels
Key Features:5kmeastofMelbourneCBD
2.5kmtoBridgeRd,Richmond
400mtoover200boutiqueshops
300mtocafés
650mfromGracePark
800mtoYarrawalkways
400mfromSwinburneUniversityofTechnology
Walking Distance To:GlenferrieRoad
BurwoodRoad
BoroondaraAquaticCentre(underconstruction)
ChurchStreet
Cafés,RestaurantsandBars
Shopping
PublicTransport
ParksandReserves
WalkScore*of88-VeryWalkable
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
Melbourne Apartment Market AssessmentAustraliahasperformedstronglythroughoutthelastcoupleofyearsdespitetheGlobalFinancialCrisis (GFC)when comparedon a global basis. Following the fallout from theGFC and recentuncertainty following the natural disasters early 2011, the Melbourne residential marketremains strong. Compared toAustralia’s other capital cities,Melbourne continues to performwell.Melbourne’smedianhouseprice roseby1.1%over thequarterendingDecember2011,whichwasthebestresultofallthemainlandcapitalsandfirstpricerisesinceDecember2010.Melbourne’smedianunitpricesfellby0.9%overtheSeptembertoDecemberquarter,withthemedianunitpricenowbeing$399,883.Source:APMHousepricereportDecember2011
Capital GrowthThe increasingpopulation thatMelbourne is experiencing continues todrivedemandof bothsalesofhousesandunits,aswellasleasing.Source:APM
Melbourne’s OutlookThenational housing shortage as atDecember 2011was 186,000dwellings. This shortage isworsethantheanticipated178,000andisexpectedtogrowto308,000dwellingsin2014.Source:TheAustralian,21December2011
Rental YieldHouse and unit rentals have resumedupward growth after flat results over the previous twoquarters.Nationalmedianweeklyaskingrentsforhousesroseby+1.1percentintheDecemberquarterwithrentsforunitsrisingby+1.4percent.
Increased rentals over the December quarter for both houses and units indicates increasedcompetitionforaccommodationparticularlyfromfirsthomebuyersstrugglingtosecurepropertyinthemarketplace.
The trend for increaseddemandandassociatedhigher rental increases forunits compared tohousesgenerallyreflectstherequirementoftenantstosecuremoreaffordableaccommodationaswellasagrowinglifestylechoiceforsmaller-sizedinner-citydwellingslocatedclosetoestablishedurbaninfrastructure.
Risingrentalsforbothunitsandhousescombinedwithageneralsofteninginpriceshasresultedinincreasesingrossrentalyieldsformostcapitalsover2011.Unitscontinuetoprovidehighergross rental returns compared to houses in all the mainland capitals despite units generallyoutperforminghousesinthesalesmarket.Source:APMRentalReportDecember2011
Melbourne ranked Number One as the most livable city in the world. The Economist, 30 August 2011
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
INVESTMENT POTENTIALHawthornMarketAnalysis
Unit Median Prices (Past 5 Years)
Unit Capital Growth
Change in Household and Family Types, Hawthorn 2001 to 2006 (Enumerated data)
ThevastmajorityofnewresidentsinHawthornarecoupleswithoutchildrenSource: Australian Bureau of Statistics
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
DEVELOPMENT TEAM Previous work by Caydon Developments:
Previous work by Hayball Architects:
DEVELOPERSCaydon DevelopmentsCaydondevelops outstanding residential properties in prime innerMelbourne locations. Theyselectsitesthatpromiseexcellentpropertyinvestmentopportunitiesandlong-termcapitalgrowth.
Caydon offers consistently brilliant living arrangementswith excellent building amenities thatpromotelowriskpropertyinvestmentdecisions.
ARCHITECTHayball ArchitectsHayballisaMelbourne-basedarchitecture,interiorandurbandesignpracticewithnearlythirtyyears’ experience. In that timewehave realised hundreds of projects, from single andmulti-residentialbuildingstoschoolsanduniversities,commercialdevelopmentsandurbandesignforentiresuburbs.TheyhavecompletedprojectsacrossAustralia,South-EastAsiaandChina.
Artist impression of the Bathroom
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
SITE PLAN
Aerial view of the Artria development site showing the position of the building
Artist impression of the kitchen and dining area
Atria
Lynch Street
Burwood Highway
Gold
ing
Stre
et
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595 Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
SAMPLE FOOT PLATE LEVEL 1
Nottoscale
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
SAMPLE FLOOR PLANS
1Bedroom,1BathroomplusStudy(48m2)
1Bedroom,1Bathroom(51m2)
Nottoscale
Prestige Property Group 1/1 Queens Road, Melbourne VIC 3004 T 1300 732 595
WHY INVEST IN ATRIA? For more information on
ATRIA, HAWTHORNor to make an appointment or reservation, please contact Prestige Property Group
on 1300 732 595
*Walk Score is a number between 0 and 100 that measures the walkability of an address. See www.walkscore.com for more information.
DemandIthasbeenclearlyestablishedthatresidentialpropertiesinHawthornhaveexperiencedastrongunderlying demand due to its popular location, and evidenced through rising prices, and thecontinualemergenceofhigherqualityprojects.Anongoinglackofsupplyinqualityapartmentdwellingshasonlyservedtoheightendemand.
