P: +61 1300 365 886F: +61 2 8014 6080http://www.randw.com.au/
Richardson and WrenchLevel 6, 54 Miller StreetNorth Sydney, NSW, 2060
Checklist Snapshot Property Overview Photos
Click To See More
EOI
Property Investment ReportAddress: 47-51 Norton St, Leichhardt, Sydney NSW 2040
Click to jump to the different sectionsTable of Contents
DisclaimerRichardson and Wrench does not provide advice on investments. All interested parties must rely on their own research before making any investment decision and should seek advice from a qualified Financial Planner or similar professional.
The information contained within this document has been compiled from various sources to assist you in conducting your due-diligence. Please ensure you validate all information contained within this document. All sources for information contained within this Property Summary will be disclosed at your request. R&W will not accept responsibility for inaccurate information provided from external sources or third parties.
As part of your due-diligence, it is the Purchaser’s responsibility to seek a legal opinion of the contract and any additional terms or clauses. You must adhere to the terms, conditions and subject clauses contained within the contract of sale. We note that Richardson and Wrench has made a number of assumptions when preparing this analysis – these assumptions have a material impact on the financials and therefore should be assessed carefully by investors.
Property Preview ................................................................................................................................. 3
Introduction ......................................................................................................................................... 4
Price List ............................................................................................................................................... 5
Property Pictures ............................................................................................................................... 6
Rental Appraisal .................................................................................................................................. 8
Schedule of finishes ..........................................................................................................................10
Colour Schemes ................................................................................................................................12
Builder & Developer .........................................................................................................................13
Request Further Information ..........................................................................................................14
Expression Of Interest (EOI) ............................................................................................................15
3R&W Projects| Property Investment Report
Property PreviewCLICK IMAGE TO OPEN
INTERACTIVE MAP
4 R&W Projects | Property Investment Report
Introduction
Richardson & Wrench Projects is proud to offer one of the best developments seen to date in Leichhardt, “No.51 Norton”. Located in the heart of the action on one of Sydney’s most famous streets, this development encompasses everything that the inner city living demographic could want.
Located at 47-51 Norton Street the development is surrounded by shops, retail outlets, cafes, and transport to make it basically the ‘bullseye’ of Sydney’s Inner West. Just some of the immediate surroundings include Norton St Plaza, Coles Supermarket, Berkelouw Books and shopping, Palace Cinemas and the Italian Forum. All this in conjunction with the fact its just moments from the CBD means residents will have everything at their doorstep creating the ideal urban lifestyle.
Each apartment will present beautifully with a range of unique
finishes. A choice of two interior colour palettes, BIANCO and NERO, displaying either lighter or warmer tones caters to varying tastes. Painted Italian floor tiles add sophistication, pendant lights add drama and CaesarStone kitchens are enhanced by rose gold and brushed copper accents. The kitchen feature wall and wooden floorboards are some of the optional extras available,
Architect render of a typical kitchen in No.51 Norton
which we can discuss with you upon request. All apartments are well equipped with multiple air conditioning units, designer tiling, large balconies, 2.7m height ceilings, soft close drawers to kitchen and bathroom, downlighting throughout, security garage, intercom and lift access.
DA approved and with construction set to commence roughly September 2016, these apartments are priced from just $700,000 and being a block of only 15 it is highly attractive to the local market or the savvy investor. It truly is one of a kind rare real estate due to its location and the fact there isn’t much like it available now or into the future. There is only a finite amount of developable land in the suburb due to tight development constraints imposed by local council, which will help keep demand strong now and into the future.
5R&W Projects| Property Investment Report
Price List
Unit No. Type Floor Aspect Bed Bath Car Internal Balcony Courtyard Total Price
101 2B 1 E 2 2 1 76 8 17 101 $1,180,000.00
102 2B 1 E 2 2 1 72 9 21 102 $1,090,000.00
105 1B 1 W 1 1 1 57 13 - 70 $780,000.00
202 2B 2 E 2 2 1 72 9 - 81 $1,048,000.00
203 2B 2 E 2 2 1 78 8 - 86 $1,148,000.00
301 2B 3 E 2 2 1 76 8 84 $1,180,000.00
302 2B 3 E 2 2 1 72 9 81 $1,088,000.00
303 2B 3 E 2 2 1 78 8 86 $1,188,000.00
305 1B 3 W 1 1 0 50 17 67 $700,000.00
Upgrades OverviewWooden floorboards to bedrooms, hallway and kitchen (in addition to living/dining as standard)One bedroom unit - $10,000 to upgrade entire unit floor area
Two bedroom unit - $20,000 to upgrade entire unit floor area
Terms of sale:• EOI submitted with $2,000 holding deposit (Fully refundable)• Contract issued from developer to reach client within roughly 5 business days• Client to sign and return contract within 5 business days of receiving it• 66W unconditional exchange takes place (no cooling off)• Settlement is 14 days from registration of titles• 90 day defect clause from date of settlement• 4 year sunset clause from date of contract
Note: All units have a storage faclity in garage. There are limited numbers of additional carparks for sale, price TBA.
6 R&W Projects | Property Investment Report
Property Pictures
7R&W Projects| Property Investment Report
8 R&W Projects | Property Investment Report
Rental Appraisal
Richardson & Wrench Leichhardt | 9569 6600 Keeping it Real - Since 1858 | rwleichhardt.com.au
Rental Opinion 51 Norton Street, Leichhardt NSW 2040 1st July 2016
Thank you for allowing R&W Leichhardt the opportunity to submit an opinion of a reasonable rental price for the property. Based on the current strength in the market and taking comparable rental into consideration, we believe a realistic rental price for a 1 Bed apartment would be in the vicinity of $600pw ‐ $650pw. Please note this appraisal has been prepared solely for your information and although every care has been taken in arriving at this figure, this is an opinion of a reasonable rental appraisal and is not a sworn valuation. Should you require any further information or have any further questions, please do not hesitate to contact me on 0402 680 861, alternatively via email at [email protected]
Kind regards,
Santos Sulfaro Sales & Leasing Manager
9R&W Projects| Property Investment Report
Richardson & Wrench Leichhardt | 9569 6600 Keeping it Real - Since 1858 | rwleichhardt.com.au
Rental Opinion 51 Norton Street, Leichhardt NSW 2040 1st July 2016
Thank you for allowing R&W Leichhardt the opportunity to submit an opinion of a reasonable rental price for the property. Based on the current strength in the market and taking comparable rental into consideration, we believe a realistic rental price for a 2 Bed apartment would be in the vicinity of $800pw ‐ $850pw. Please note this appraisal has been prepared solely for your information and although every care has been taken in arriving at this figure, this is an opinion of a reasonable rental appraisal and is not a sworn valuation. Should you require any further information or have any further questions, please do not hesitate to contact me on 0402 680 861, alternatively via email at [email protected]
Kind regards,
Santos Sulfaro Sales & Leasing Manager
10 R&W Projects | Property Investment Report
Schedule of finishes
1
SCHEDULE OF FINISHES- 51 NORTON STREET LEICHHARDT
GENERAL PUBLIC AREA
Floor Porcelain floor tiles
Parking and Storage Secure parking with lock up storage Windows Glass windows
ENTRY
Floor Porcelain tiles Wall Painted plasterboard
Ceiling Painted plasterboard Door / Skirtings Painted finish
BEDROOM
Floor Wool Blend Carpet (Engineered timber as an upgrade option) Wardrobe Built in wardrobes
Walls Painted Plasterboard Ceiling Painted Plasterboard Door / Skirtings Painted finish
KITCHEN
Floor Polished porcelain floor tiles Benchtops Composite stone benchtops Wall Painted Plasterboard (Timber veneer as an upgrade option)
Splashbacks Stainless steel recessed sink Polish chrome tap ware Drawers and cupboards LED Lighting Appliances Miele Gas cooktop Miele Electric oven Miele Electric rangehood Miele Dishwasher Built-in Fridge
LIVING AND DINING
Floor Engineered timber (Porcelain tiles as an option) Wall Painted plasterboard
Ceiling Painted plasterboard Door / Skirtings Painted finish
2
BATHROOM/ ENSUITE
Floor Porcelain tiles Wall Full height polished tiles Light Fittings Ceiling mounted light fitting Toilet Ceramic toilet suite Toilet roll holder Cabinet Wash basin base cabinet with composite stone benchtops Vanity Basin Benchtop Basin
Basin Tapware Polish chrome tap ware Shower Screen Semi-frameless shower screens Bathroom Accessories Chrome bathroom accessories Towel Rail Wall-mounted towel rail Bath Tub Bath tub (selected unit)
BALCONY/TERRACE
Floor Porcelain tiles Wall Painted plasterboard
Ceiling Painted finish
LAUNDRY
Floor Tiled floor Wall Painted plasterboard Light Fittings Ceiling mounted light fitting
Laundry Tub and Tap Stainless steel laundry tub and tap Dryer Tapware Washing machine tapware
COMMUNICATION
FEATURES
Communication TV points in living room and master bedroom Data/ telephone points in living room and master bedroom Intercom
AIR CONDITIONING Split system in living area and master bed room
11R&W Projects| Property Investment Report
1
SCHEDULE OF FINISHES- 51 NORTON STREET LEICHHARDT
GENERAL PUBLIC AREA
Floor Porcelain floor tiles
Parking and Storage Secure parking with lock up storage Windows Glass windows
ENTRY
Floor Porcelain tiles Wall Painted plasterboard
Ceiling Painted plasterboard Door / Skirtings Painted finish
BEDROOM
Floor Wool Blend Carpet (Engineered timber as an upgrade option) Wardrobe Built in wardrobes
Walls Painted Plasterboard Ceiling Painted Plasterboard Door / Skirtings Painted finish
KITCHEN
Floor Polished porcelain floor tiles Benchtops Composite stone benchtops Wall Painted Plasterboard (Timber veneer as an upgrade option)
Splashbacks Stainless steel recessed sink Polish chrome tap ware Drawers and cupboards LED Lighting Appliances Miele Gas cooktop Miele Electric oven Miele Electric rangehood Miele Dishwasher Built-in Fridge
LIVING AND DINING
Floor Engineered timber (Porcelain tiles as an option) Wall Painted plasterboard
Ceiling Painted plasterboard Door / Skirtings Painted finish
2
BATHROOM/ ENSUITE
Floor Porcelain tiles Wall Full height polished tiles Light Fittings Ceiling mounted light fitting Toilet Ceramic toilet suite Toilet roll holder Cabinet Wash basin base cabinet with composite stone benchtops Vanity Basin Benchtop Basin
Basin Tapware Polish chrome tap ware Shower Screen Semi-frameless shower screens Bathroom Accessories Chrome bathroom accessories Towel Rail Wall-mounted towel rail Bath Tub Bath tub (selected unit)
BALCONY/TERRACE
Floor Porcelain tiles Wall Painted plasterboard
Ceiling Painted finish
LAUNDRY
Floor Tiled floor Wall Painted plasterboard Light Fittings Ceiling mounted light fitting
Laundry Tub and Tap Stainless steel laundry tub and tap Dryer Tapware Washing machine tapware
COMMUNICATION
FEATURES
Communication TV points in living room and master bedroom Data/ telephone points in living room and master bedroom Intercom
AIR CONDITIONING Split system in living area and master bed room
12 R&W Projects | Property Investment Report
Colour SchemesBIANCO (LIGHT)
NERO (DARK)
13R&W Projects| Property Investment Report
Builder & Developer
14 R&W Projects | Property Investment Report
Request Further Information Would you like further information on this deal?
FOR FLOOR PLANS, VALUATIONS, RENTAL APPRAISALS AND MORE
CLICK HERE
15R&W Projects| Property Investment Report
Expression Of Interest (EOI)
The Expression of Interest is a formal ‘offer to buy’ a property. It will clearly set out the property description, price and terms of sale. The EOI will also contain certain information such as your broker and/or solicitor contact details. It may also contain a s47 Disclosure regarding fees and charges. This is not a binding contract – the deposit is completely refundable should a buyer choose to not proceed with the purchase.
Expression of interest deposit details:
Amount: $2,000
Account Name: Full Clock NSW Deposits
BSB: 034264
Account Number: 390896
Recommended Solicitor:
Name: Sachi Legal (Formerly known as YBL)
Contact Person: Farbod Salimi
Phone: (02) 9261 0163
Fax: (02) 9261 0164
Email: [email protected]
Address: Level 10, 31 Market Street, Sydney NSW 2000 – DX 11594 Sydney
Fees: $2,360 Inc GST + Disbursements
Terms: 50% of fees due on acceptance of cost agreement
