405 High Street Northcote
Information Pack
PROJECT OVERVIEW PROJECT NAME
The Plaza Northcote
PROJECT WEBSITE
www.theplazanorthcote.com.au
ADDRESS
405 High Street Northcote VIC 3070
PRODUCT TYPE
38 apartments, 1 restaurant, 2 offices and 3 shops
DEVELOPER
Peter and Vin Sier
DEVELOPER’S SOLICITOR
Adams Maguire Sier
ARCHITECT
Coeve Design Pty Ltd
BUILDER
Adam Wood Group
BUILDING DESCRIPTION
5 levels towards High Street and 4 levels towards the back of the development plus underground car park
APARTMENT MIX
38 large two bedroom apartments, with a choice of 1 bathroom, 2bathrooms or 2 bathrooms + separate toilet. All apartments have one allocated car space in the underground car park and large private balcony. Each apartment also has a storage cage suspended against the wall above the end of the car park
FITTINGS AEG appliances Caesar Stone bench tops 2 pac joinery Timber floors to living and kitchen Built in wardrobes (walk in wardrobe in some) Split system heating/air con in the main living area Ceiling fans in bedrooms (subject to approval) Rinnae Gas Instatenous hot water system, or equivalent 3 colour options to choose from EST. START AND COMPLETE Estimated start January 2013 Estimated completion January - March 2014 SUNSET CLAUSE
31 December 2014
10% DEPOSIT TYPE Bank Guarantee - where there is an expiry date, it needs to coincide with the sunset date. Bank guarantees also need to be from reputable institution Cash - no interest will be paid in the case of cash deposits NO Deposit Bonds
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FINANCE CLAUSE
NO ‘Subject to finance’ clause in contract
AVERAGE UNIT PRICE
$557,196 (at average 94.5 sqm including balcony)
AVERAGE RENTAL
$490 per week
EST. BODY CORPORATE FEES
$2,200 pa
EST. COUNCIL AND WATER
Council rates approx. $1,500 pa Water rates approx. $404 pa
ENERGY RATED BULDING
6-star energy efficiency
SITE LOCATION TRANSPORT
7 km from Melbourne CBD 200 m to cafes and restaurants 300 m to Coles 400 m to Batman Park 400m to Santa Maria College 700m to Northcote Town Hall 1.4 km to Northcote High School 1.4 km to Northcote Aquatic and Recreational Centre 3.1 km to the Eastern Freeway 5.5 km to Northland Shopping Centre 74 m to route 86 tram stop 450 m to Northcote train station and route 567 bus stop 300 m to route 552 bus stop
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DESIGN
DEVELOPMENT FINISHES SCHEDULE BUILDING EXTERIOR WALL
The building exterior will be a mix of paint, zinc cladding, tile cladding, timber cladding and overcoat These are carefully articulated in different colours and shades
EXTERNAL FLOOR
Pavers or vitrified ceramic tiles
RESIDENTIAL LOBBIES AND COMMON AREAS WALL Lobby and Common Area - Dulux or equivalent Wash n Wear. Allow for different colour feature wall on all levels Service Area and Basement - Fair faced blockwork CEILINGS AND CORNICES
Dulux or equivalent Flat
DOORS, SKIRTING AND ARCHITRAVES
Dulux or equivalent Gloss Acrylic
FLOOR
Lobby carpet (all floors except for Ground Floor street entry lobby) - 100% wool carpet from Invicta or equal range, 38 oz minimum to meet BCA equirements Ground floor lobby including all Common Areas - Granite as elected c/w 150 high Granite skirting to match
CAR PARK, DRIVE WAY AND SERVICE AREA
Dust sealer on concrete floor steel trowel finish
TERRACES AND COMMON EXTERNAL AREAS
Pavers or vitrified ceramic tiles
DOOR HARDWARE
Cast aluminium lever satin or polished chrome finish
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INTERNAL FINISHES ITEM
GENERAL FINISH 100% wool carpet from Invicta or equal, 36 oz minimum to meet BCA requirements
PENTHOUSE FINISH 100% wool carpet from Invicta or equal, 38 oz minimum to meet BCA requirements
Walls
Paint finished plasterboard with appropriate rating. Dulux or equivalent acrylic Wash n Wear with feature wall different colour in main living area
Paint finished plasterboard with appropriate rating. Dulux or equivalent acrylic Wash n Wear with feature wall different colour in main living area
Ceilings and cornices
Paint finished plasterboard with appropriate rating. Dulux or equivalent acrylic Flat. Square stopped cornices
Paint finished plasterboard with appropriate rating. Dulux or equivalent acrylic Flat Square stopped cornices
Doors, skirtings and architraves
Timber RTP and MDF architraves (or similar quality). Paint finish using Dulux or equivalent Gloss Acrylic
Timber RTP and MDF architraves (or similar quality). Paint finish using Dulux or equivalent Gloss Acrylic
Door hardware
Cast aluminium lever satin or polished chrome finish
Cast aluminium lever satin or polished chrome finish
Door stops
Floor mounted half moon metal and rubber door stops to all doors
Floor mounted half moon metal and rubber door stops to all doors
Light fittings
LV downlights. Dimmable lights in living and dining areas
LV downlights. Dimmable lights in living and dining areas
Ceiling fans
Ceiling fans to all bedrooms
Ceiling fans to all bedrooms
Air conditioning
Wall mounted reverse cycle multi-head split system with condensers located on roof
Individual reverse cycle ducted A/C system servicing entire unit
Carpet
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ITEM BATHROOM Bathroom and ensuite floors
GENERAL FINISH
PENTHOUSE FINISH
Vitrified Ceramic Tiles 300 x 600 laid to falls
Vitrified Ceramic Tiles 300 x 600 laid to falls
Bathroom and ensuite walls
300 x 600 Glazed rectified ceramic tiles. Allow for feature tiles and caesar-stone to hob
300 x 600 Glazed rectified ceramic tiles. Allow for feature tiles and caesar-stone to hob
Vanity hob or tops
20 mm thick caesar-stone with pencil round edges
20 mm thick caesar-stone with pencil round edges
Vanity overhead cupboard
Melamine fabricated cupboard with mirror facing
Melamine fabricated cupboard with mirror facing and under bench lighting
Vanity basin
Vitreous China - cantilevered vanity basin with matching shroud or integrated trap from Caroma or Flowerware range
Vitreous China - cantilevered vanity basin with matching shroud or integrated trap from Caroma or Flowerware range
WC pan and sistern
Vitreous China - pedestal pan with matching seat and matching concealed cistern in hob from Caroma or Flowerware range
Vitreous China - pedestal pan with matching seat and matching concealed cistern in hob from Caroma or Flowerware range
Bathroom accessories
Polished Chrome towel rail, soap holder and toilet roll holder
Polished Chrome towel rail, soap holder and toilet roll holder
Bathroom tap sets
Polished Chrome with ceramic washers and seats
Polished Chrome with ceramic washers and seats
Vitrified ceramic floor tiles to match adjoining areas complete with 150 high skirting all round
Vitrified ceramic floor tiles to match adjoining areas complete with 150 high skirting all round
Laundry splash back
Glazed ceramic tiles 200 x 200 or equivalent
Glazed ceramic tiles 200 x 200 or equivalent
Laundry tap sets
Polished chrome with heavy duty Polished chrome with heavy duty extended spout to match extended spout to match bathroom tap sets bathroom tap sets
LAUNDRY Laundry floors
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ITEM KITCHEN Floors (including living areas and entry)
GENERAL FINISH
PENTHOUSE FINISH
T&G timber flooring on acoustic mat with 2-pac polyurethane finish
T&G timber flooring on acoustic mat with 2-pac polyurethane finish
Cabinetry
2-pac polyurethane finish to all visible areas
2-pac polyurethane finish to all visible areas
Bench and hob tops
Caesar-stone 20 mm thick with pencil round edges and waterfall ends
Caesar-stone 20 mm thick with pencil round edges and waterfall ends
Splash backs
Ceramic tile splash back to all wall counters
Ceramic tile splash back to all wall counters
KITCHEN APPLIANCES Gas cook top
AEG 4-burner with Wok
AEG 5-burner with Wok
Electric under bench oven
AEG fan forced full automatic
AEG fan forced full automatic dual oven
Recirculating range hood
AEG retractable hood
AEG retractable hood
Dish washer
AEG semi integrated dish washer
AEG semi integrated dish washer
All appliances to be stainless steel finish except where integrated units specified or an equivalent quality to AEG
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COLOUR OPTIONS OPTION 1
Dulux Antique White USA Dulux Grand Piano Quarter Strength Dulux Candle Bark • Ceiling and cornices • All walls unless otherwise • Optional feature • Trims including skirtings, nominated as an optional wall or feature doors and architraves feature wall highlight colour
Godfrey Hirst Lisbon - Sage or Casa Twist - Dupion • All spaces specified as carpet (please refer to floor plans)
Classic Ceramics Vita - Beige • All bathroom and laundry floors and where specified
Timber Floor - Vic Ash (by builder) • All spaces specified as floorboards (please refer to floor plans)
Classic Ceramics Living - Moonlight • Bathroom walls • Laundry splash backs
Classic Ceramics Gemina - Lead • Balcony surface
Caesarstone Linen • All kitchen bench tops as selected
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2pac finish in Dulux Natural White • All cupboard doors in kitchen and laundry, unless otherwise specified
Classic Ceramics Bone - Matt • Kitchen splash backs
Caesarstone Buttermilk • All bathroom and laundry bench tops as selected
OPTION 2
Dulux Antique White USA Dulux Grand Piano Half Strength Dulux Aviva • Ceiling and cornices • All walls unless otherwise • Optional feature • Trims including skirtings, nominated as an optional wall or feature doors and architraves feature wall highlight colour
2pac finish in Dulux Natural White • All cupboard doors in kitchen and laundry, unless otherwise specified
Godfrey Hirst Lisbon - Cinder or Casa Twist - Dungaree Timber Floor - Vic Ash (by builder) • All spaces specified as carpet (please refer to floor • All spaces specified as floorboards plans) (please refer to floor plans)
Classic Ceramics Oyster • All bathroom and laundry floors and where specified
Classic Ceramics Gemina - Lead • Balcony surface
Classic Ceramics Santosa Alabaster Gloss • Bathroom walls • Laundry splash backs
Caesarstone Linen • All kitchen bench tops as selected
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Classic Ceramics Bone - Matt • Kitchen splash backs
Caesarstone Buttermilk • All bathroom and laundry bench tops as selected
OPTION 3 - PENTHOUSE APARTMENT
Dulux Sago Dulux Kinder • Ceiling and cornices • All walls unless otherwise • Trims including skirtings, nominated as an optional doors and architraves feature wall
Godfrey Hirst Walnut - Sage or Casa Twist - Gingham • All spaces specified as carpet (please refer to floor plans)
2pac finish in Dulux Natural White • All cupboard doors in kitchen and laundry, unless otherwise specified
Timber Floor - Blackbutt (by builder) • All spaces specified as floorboards (please refer to floor plans)
Classic Ceramics Vita - Taupe Classic Ceramics LV05 Shade 62 • All bathroom and • Bathroom walls laundry floors and where • Laundry splash backs specified
Classic Ceramics Gemina - Lead • Balcony surface
Dulux Shutter Blue • Optional feature wall or feature highlight colour
Mosaic Tile Classic Ceramics Alaska Gloss • Bathroom feature • Kitchen splash backs wall
Caesarstone Ginger • All kitchen bench tops as selected
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Caesarstone Snow • All bathroom and laundry bench tops as selected
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LOCATION Northcote embodies all that inner city living offers. With tram and train at your doorstep coupled with its close proximity to Eastern Freeway, Northcote is the ideal base for wherever your busy life takes you. Only 7 km from the CBD, Northcote is proud of its welcoming community atmosphere. With bustling High Street, vibrant shopping mall, great schools, parks and nearby Merri Creek, The Plaza is the ideal address for professional couples and young families.
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LIFESTYLE Embrace the distinctively urban culture that Northcote and its surrounding suburbs offer. The area is home to some of Melbourne’s best cafes, bars and shops –all in walking distance from The Plaza. Imagine spending your weekends enjoying great food, good coffee and vintage shopping finished by catching a gig at the iconic Northcote Social Club. The Plaza offers a money can’t buy lifestyle with an affordable price tag. RESTAURANTS/CAFES (400 m from The Plaza) Within minutes walk from your apartment there is a range of diverse and delicious cuisines and cafes including Red Door Corner Store and Joe Green Cafe. NORTHCOTE PLAZA SHOPPING CENTRE (230 m from The Plaza) A short walk from The Plaza is Northcote Plaza Shopping Centre where there are many essential services and amenities such as Coles, Priceline, K Mart, Australia Post, bakeries, cellular shops and much more. HIGH STREET SHOPPING PRECINCT (350 m from The Plaza) Northcote’s High Street Shopping Precinct provides a wide range of vintage and modern boutiques, variety and gift shops and a vibrant mix of cosmopolitan cafes and restaurants. Some of the shops in the area includes Dear Gladys Vintage and Contemporary Boutique. The High Street Shopping Precinct has retained a strong retail and community role despite competition from other convenience and larger regional shopping centres in the northern region including Northland Shopping Centre (5.8 km from The Plaza).
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ALL NATIONS PARK (450 m from The Plaza) All Nations Park is a contemporary 13 hectare regional park situated behind Northcote Shopping Plaza. The elevated site provides views, which are a striking feature of the park. The All Nations Park landscape reflects the locals’ cultural diversity in the visual arts and design components of the park, and has many unique features including The Hilltop, Veterans Walk and ANZAC Memorial, lake and performance area, The Olive Grove, lawn areas, contemporary Indigenous gardens, playground with disabled access, skate park, arts projects, outdoor exercise area. ART AND MUSIC There are a lot of places in Northcote to enjoy live music and see art exhibitions. Northcote Town Hall (700 m from The Plaza) is a spectacular icon, notable for its location on High Street, grand main hall, modern function and meeting rooms and it’s rich history in the Northcote precinct. Northcote Town Hall provides ideal spaces for art exhibitions and visual art shows. Past exhibitions include an exhibition by NMIT students and various independent artists. A variety of markets are also held at Northcote Town Hall annually, both internally and externally operated. The best known are our Winter Artisans’ Market season, held over four Saturdays in mid Winter, and our Kris Kringle Night Markets, held over four Thursday nights leading up to Christmas. Another popular haunt for live music enthusiasts is Northcote Social Club (300 m from The Plaza). This is where the indie fans and Melbourne music media hang out when they want a no fuss experience.
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NORTHCOTE DEMOGRAPHICS MEDIAN UNIT PRICE YEAR 2011 2010 2009 2008 2007 2006 2005 2004 2003
MEDIAN UNIT PRICE $478,000 $440,000 $392,300 $380,000 $363,000 $259,000 $262,000 $244,000 $245,000
UNIT PRICE % CHANGE (YoY) 8.6% 12.2% 3.2% 4.7% 40.2% -1.1% 7.4% -0.4% -4.1% AGE RANGE
DWELLING TYPE
Separate house - 59.6% Flat - 20.8% Semi/Terrace - 19.1% Other - 0.5%
20 to 39 - 38.4% 40 to 59 - 25.2% 60 and above - 16.5% Other - 19.9%
NATURE OF OCCUPANCY
COUNTRY OF BIRTH
Rented - 35.7% Fully owned - 30.8% Purchasing - 30.3% Other - 3.2%
Australia - 66.5% Greece - 6.1% Italy - 3.6% Other - 23.9% data prepared by myrpdata.com.au and Australian Property Monitors
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LEVEL FLOOR PLANS GROUND FLOOR
FIRST FLOOR
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SECOND FLOOR
THIRD FLOOR
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FOURTH FLOOR
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DEPRECIATION SCHEDULE BMT QUANTITY SURVEYORS TAX DEPRECIATION
MAXIMUM DEPRECIATION
MINIMUM DEPRECIATION
A TYPICAL $525,000 APARTMENT YEAR
PLANT & EQUIPMENT 1 6,565 2 4,699 3 3,638 4 2,817 5 2,422 6 1,664 7 1,330 8 1,183 9 780 10 523 11+ 2,305 TOTAL $27,926
DIVISION 43 6,447 6,447 6,447 6,447 6,447 6,447 6,447 6,447 6,447 6,447 194,317 $259,087
TOTAL
YEAR
PLANT & EQUIPMENT 1 5,371 2 3,845 3 2,976 4 2,305 5 1,982 6 1,362 7 1,088 8 968 9 638 10 428 11+ 1,886 TOTAL $22,849
13,043 11,176 10,115 9,294 8,899 8,141 7,807 7,660 7,257 7,000 196,622 $287,013
DIVISION 43 5,299 5,299 5,299 5,299 5,299 5,299 5,299 5,299 5,299 5,299 158,987 $211,977
TOTAL 10,670 9,144 8,275 7,604 7,281 6,661 6,387 6,267 5,937 5,727 160,873 $234,826
A TYPICAL $540,000 APARTMENT YEAR
PLANT & EQUIPMENT 1 6,904 2 4,965 3 3,826 4 2,956 5 2,344 6 1,828 7 1,439 8 990 9 958 10 638 11+ 2,640 TOTAL $29,488
DIVISION 43 6,688 6,688 6,688 6,688 6,688 6,688 6,688 6,688 6,688 6,688 200,625 $267,505
TOTAL
YEAR
PLANT & EQUIPMENT 1 5,648 2 4,063 3 3,130 4 2,418 5 1,918 6 1,496 7 1,177 8 810 9 784 10 522 11+ 2,160 TOTAL $24,126
13,592 11,653 10,514 9,644 9,032 8,516 8,127 7,678 7,646 7,326 203,265 $296,993
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DIVISION 43 5,472 5,472 5,472 5,472 5,472 5,472 5,472 5,472 5,472 5,472 164,147 $218,867
TOTAL 11,120 9,535 8,602 7,890 7,390 6,968 6,649 6,282 6,256 5,994 166,307 $242,993
MAXIMUM DEPRECIATION
MINIMUM DEPRECIATION
A TYPICAL $555,000 APARTMENT YEAR
PLANT & EQUIPMENT 1 7,333 2 5,290 3 4,056 4 3,124 5 2,472 6 1,942 7 1,524 8 1,056 9 756 10 801 11+ 3,097 TOTAL $31,451
DIVISION 43 7,109 7,109 7,109 7,109 7,109 7,109 7,109 7,109 7,109 7,109 213,256 $284,346
TOTAL
YEAR
PLANT & EQUIPMENT 1 5,999 2 4,328 3 3,318 4 2,556 5 2,022 6 1,589 7 1,247 8 864 9 618 10 655 11+ 2,534 TOTAL $25,730
14,442 12,399 11,165 10,233 9,581 9,051 8,633 8,165 7,865 7,910 216,353 $315, 797
DIVISION 43 5,817 5,817 5,817 5,817 5,817 5,817 5,817 5,817 5,817 5,817 174,482 $232,652
TOTAL 11,816 10,145 9,135 8,373 7,839 7,406 7,064 6,681 6,435 6,472 177,016 $258,382
A TYPICAL $575,000 APARTMENT YEAR
PLANT & EQUIPMENT 1 7,494 2 5,437 3 4,156 4 3,198 5 2,522 6 1,989 7 1,558 8 1,081 9 777 10 827 11+ 3,196 TOTAL $32,235
DIVISION 43 7,670 7,670 7,670 7,670 7,670 7,670 7,670 7,670 7,670 7,670 230,090 $306,790
TOTAL
YEAR
PLANT & EQUIPMENT 1 6,132 2 4,449 3 3,400 4 2,616 5 2,064 6 1,627 7 1,274 8 885 9 635 10 677 11+ 2,615 TOTAL $26,374
15,164 13,107 11,826 10,868 10,192 9,659 9,228 8,751 8,447 8,497 233,286 $339,025
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DIVISION 43 6,276 6,276 6,276 6,276 6,276 6,276 6,276 6,276 6,276 6,276 188,256 $251,016
TOTAL 12,408 10,725 9,676 8,892 8,340 7,903 7,550 7,161 6,911 6,953 190,871 $277,390
MAXIMUM DEPRECIATION
MINIMUM DEPRECIATION
A TYPICAL $600,000 APARTMENT YEAR
PLANT & EQUIPMENT 1 7,355 2 5,676 3 4,308 4 3,291 5 2,581 6 2,030 7 1,583 8 1,099 9 787 10 835 11+ 3,226 TOTAL $32,771
DIVISION 43 7,744 7,744 7,744 7,744 7,744 7,744 7,744 7,744 7,744 7,744 232,321 $309,761
TOTAL
YEAR
PLANT & EQUIPMENT 1 6,017 2 4,644 3 3,524 4 2,693 5 2,111 6 1,661 7 1,295 8 899 9 644 10 683 11+ 2,640 TOTAL $26,811
15,099 13,420 12,052 11,035 10,325 9,774 9,327 8,843 8,531 8,579 235,547 $342,532
Estimate cannot be used for taxation purposes
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DIVISION 43 6,336 6,336 6,336 6,336 6,336 6,336 6,336 6,336 6,336 6,336 190,081 $253,441
TOTAL 12,353 10,980 9,860 9,029 8,447 7,997 7,631 7,235 6,980 7,019 192,721 $280,252
theplazanorthcote.com.au 405 High Street, Northcote