157 - 163 Lonsdale st, Dandenong
2
Rare investor entry with guaranteed returns for high rental yields. Secure property investment with full depreciation. No vacancy and no fuss.
3
ARKANA
Landmark PROPERTY Investment Tenanted by Punt Hill group, one of Australia’s largest domestic hoteliers and managers of premium, serviced accommodation.
Arkana is success through certainty where investors are assured of product confidence, longevity and absolute professionalism. A unique opportunity to own a new apartment within an exceptional urban masterplan and a thriving global community. Meeting high demand in a bourgeoning 24 hour destination that is attracting billions in commercial and government investment, Arkana’s architect designed apartments and complementary business, dining
4
and leisure facilities offer an inspired investment opportunity in the heart of Central Dandenong...our new CBD. Arkana presents an opportunity to get in early with immediate benefits and long-term assurance. Centrally located in a vibrant metropolis with a population growth similar to Melbourne’s CBD, a booming business and tourism vision will take it well into the future.
INVESTMENT
Arkana Building Exterior
5
ARKANA
View from Arkana
6
LOCATION
Placed for success An inspiring outlook and a promise of growth. The forecast for Dandenong is high value investment with a bright future.
Arkana’s prominent and elevated position, edged by the greenscapes of Dandenong Park and one of Melbourne’s most picturesque boulevards, gives it prime positioning within a dynamic 21st century city. The south means business and Central Dandenong is quickly emerging as a diverse and energised global city with considerable and sustained growth forecast between now and 2031. Billions in infrastructure and investment are being poured into a zone
7
that has been prioritised in Melbourne’s 2030 Strategic Plan. Modern residential communities and enviable transport connectivity supports a large industrial and manufacturing employment base and a thriving dining, shopping, entertainment and leisure precinct that is all within a few minutes walking distance of Arkana.
ARKANA
8
Lonsdale Street
9
ARKANA
Location confidence with everything at your door…
LONSDALE ST BOULEVARD
DANDENONG PLAZA
LOCAL VILLAGE
Green and pedestrian friendly, lined with 251 Pin Oak trees, and a colonnade of 60 light poles, 150 shops, walk paths and plaza seating.
Over 180 global brands, department stores and specialty retailers, dining and cinemas open 7 days a week with public transport to the door.
Multicultural restaurants, cafés, patisseries, specialty bakers, butchers and grocers add to the street scene. $250 million residential development for over 3000 residents with parkland, recreation.
DANDENONG PARK
DRUM THEATRE
EVENTS
A heritage waterwheel heralds 8 hectares of lush gardens, tree-lined tracks and waterways, new adventure playground, sound stage, walk bridges, football and cricket oval, croquet garden and bicycle paths.
An ultra modern performing arts centre with heritage façade holds productions, functions and exhibitions for thousands of visitors.
Discover a full year ‘round calendar of festivals, performances and multicultural events incorporating culture, cuisine, music and the arts.
Dandenong’s $290 Million revitalisation includes… EASTLINK
STOCKMAN’S BRIDGE
New freeway to access Melbourne CBD and surrounds.
$29.5 million bridge with distinctive artwork to span railway and offer improved bicycle, pedestrian and vehicle access to town centre.
TRAIN STATION Pop up park and recreation oval. HALPIN WAY Modern retail, café and pedestrian priority environment to link train station and city centre.
SETTLERS SQUARE Active public meeting, events space and open air plaza. GOVERNMENT SERVICES OFFICE 8 storey building with 6 star green rating for design, boosting the local economy by $85 million.
10
LOCATION
Dandenong CBD LESS THAN 5 MINS
LESS THAN 20 MINS
On Lonsdale Street Shopping Strip
Monash University
50m Dandenong Park
Dandenong Hospital
250m Dandenong Railway Station
Sandown Racecourse
300m Dandenong Plaza and Cinemas
PGA Golf Course
1.5km Eastlink Freeway entry
in ce s hw
Dandenong Market
r o b in s o n
st
y
c lo w r d
s c o tt st
Myer
Dandenong Plaza
st
t thomas s
lo n s da l e
The Hub
st FOSTER
wal ke r st ra ilway pd e mc CRA
Dandenong Station
e st
la ng ho rn e
rd
ma
c h elte n h am
tho
st
pu
t ss
n lt ey
h am m o n d r d
< To eastlink 2 minutes
st
lo n s da le st
11
Dandenong Park
st ud rd
N To monash fwy > 4 minutes
pr
D CB S o ute < T MIN 25
Coles
c le el an d st
Less than 30 Mins from Melbourne CBD
3.5km Monash Freeway entry
ARKANA
Built better For business, leisure, dining and pleasure, each carefully designed space is meticulously fitted with every amenity for a superior experience.
Purpose designed by award winning Hayball Architects, Arkana is an 8 storey, world class mixed use commercial and serviced apartments development with outstanding conferencing, meeting, dining and recreational facilities. Active street frontage includes sidewalk café, restaurant and bar, then extends to modern commercial offices, all fully leased. A highly visible landmark deserving of its enviable position, Arkana’s distinct stone and timber façade references historic origins as a timber mill. Its modern design
Punt Hill Lobby
12
now welcomes business executives, travellers and families with a well-serviced product with positive impact on its surrounds. Arkana is leased and managed by leading hoteliers Punt Hill who have over 14 properties and 25 years operating Melbourne’s premier serviced apartments and custom designed hotels. Using their extensive resources, Punt Hill are effectively growing occupancy levels and meeting the new demand from commercial and industrial sectors.
BUILDING
Belletti Restaurant & CafĂŠ
13
ARKANA
Arkana serviced apartments
Arkana serviced apartments
14
BUILDING
WHATâ&#x20AC;&#x2122;S ON OFFER 56 purpose built serviced apartments 1 bedroom apartments with ensuite from 51m2 plus balcony 2 bedroom apartments with ensuite from 72m2 plus balcony Apartments fully maintained and managed by Punt Hill Group Modern kitchen, lounge and balcony Fully furnished with electrical appliances, reverse cycle air-conditioning Glassware, crockery & cutlery included Modern concierge reception and foyer Secure lift access to all levels Multiple conferencing rooms Large events room Industrial/Commercial Kitchen Gymnasium Spa Secure undercover car park Sidewalk cafĂŠ Restaurant and bar Retail shops & bank Offices
15
ARKANA
THE DEVELOPER With strength in a name that is synonymous with premier property development, DealCorp bring their signature delivery of stylish projects to Arkana. With decades of experience and some of Melbourneâ&#x20AC;&#x2122;s best known landmarks to their name, DealCorp combines an intricate knowledge of the market with a highly developed strategic approach unique to each location, that sees their projects in high demand with Melbourneâ&#x20AC;&#x2122;s expanding urban precincts.
Greville, Prahran
16
DEALCORP
Aura, Melbourne 17
ARKANA
Lonsdale Street, Dandenong 18
PUNT HILL GROUP
PUNT HILL GROUP The Punt Hill brand is synonymous with premium serviced apartments and hotels in unrivalled locations across Melbourne, Sydney and Brisbane. Renowned for their professional delivery of stylish and contemporary accommodation, Punt Hill is one of Australiaâ&#x20AC;&#x2122;s largest domestic hoteliers. A meticulous management structure has earned them a trusted industry reputation and an enviable record for reading market trends with unmatched foresight. Their established relationship with DealCorp has
been fostered over years of successful partnership in strategically placed developments across Melbourne. Their latest venture Arkana, expands the folio, targeting the business travellers visiting south-eastern offices and industrial based businesses. The growth in commercial and industrial occupancy in these areas has been a huge drawcard for the Punt Hill group made even more attractive due to the added amenity, leisure and business facilities that Arkana provides.
Analysis of the tourist accommodation market reveals that while the number of hotel rooms in Melbourne has increased by nearly 60% in the past 10 years, the number of serviced apartments has surged by more than 300% â&#x20AC;&#x201D; making it the fastest-growing category of tourist accommodation in the city. realestatesource.com.au
19
ARKANA
Developed to deliver Unmatched in attributes, this is the ultimate investment that generates more for less. More benefits, less outlay. Simply outstanding.
As investment in the area intensifies, Arkana provides entry with guaranteed returns and high yield opportunities. An already established entity with high profile stakeholders, Arkana gives buyers excellent depreciation and tax benefits and a cashflow positive investment for individual purchasers and self managed super funds. Each fully furnished apartment is preleased to the Punt Hill Group at fixed rental costs with increases per annum linked to CPI. Rent is not linked to occupancy or
vacancy, assuring investors of dependable annual gains. Outgoings such as owners corporate fees are paid by Punt Hill Group. Visionary response to the needs of a bourgeoning precinct, DealCorp’s foresight has brought Arkana into the spotlight in a new growth corridor receiving excellent current and long-term government and industry investment.
COMPARE FOR YOURSELF Typical Investment Apartment
vs
ARKANA / punt hill Apartment
Generally 12 Month Lease
vs
5 Year Lease
Vacancies Between Tenants
vs
No Vacancies
Painting, Repairs & Maintenance
vs
ALL Maintenance Provided By Punt Hill
Depreciation Only On Building
vs
FULL Depreciation On Building And Furniture
Owner’s Corporate Fees Paid By Owner
vs
OWNER’S Corporate Fees Paid By Punt Hill
Own Your Strata Title
vs
Own Your Strata Title
Purchase Own Furniture
vs
Furniture, Electrical Appliances SUPPLIED
Cannot Utilise Apartment If Tenanted
vs
Owners Can Use Apartments Up To 14 Days Per Year
2 Weeks Letting Fees
vs
no letting fees
20
INVESTMENT
Easy investment with impact OWN THE TITLE Each apartment is individually registered on title and you or your superannuation fund is the owner. You can control your own asset and are not in the hands of a fund or pooled ownership arrangement. LONG TERM LEASE The tenancy is governed by a lease which commenced in September 2009. The terms is 5 years with 4 additional options of 5 years to follow. This provides security of tenure and no vacancies for many years to come. STRONG TENANT Punt Hill’s reputation as a premier hotel management group has been built over decades. One of Australia’s largest hoteliers, they bring their unmistakable brand, resources and confidence to Arkana. MONTHLY RENT IN ADVANCE Paid by Punt Hill to the Owners Corporation who act on behalf of the owners. Rent is deposited directly into the owner’s bank account and monthly statements are issued to keep track of the investment.
NO MAINTENANCE FEES Maintenance is paid by Punt Hill, both common areas and the apartments are kept as new during the life of the lease by Punt Hill. RETURNS 5.5% rental returns are achieved well above similar returns on residential apartments and without the headache of constantly replacing tenants. DOUBLE YOUR BANK INTEREST Returns 5.5% provide a higher return than fixed deposits NO POOLED INVESTMENT The lease is on each apartment specifically and rental is paid monthly and is not dependent on group revenues or any other form of pooled income or profit share. FULL FURNITURE PACKAGES Were provided at the commencement of the lease. Full depreciation benefits are still available to purchasers. Any replacement of furniture is the responsibility of Punt Hill.
VALUE PROPOSITION
Priced from only $338,000 – $429,000 21
NO OWNERS/BODY CORPORATE FEES These are paid by Punt Hill. OWNERS CAN OCCUPY Owners can use apartments up to 14 days annually. OWN In Melbourne’s next CBD before demand escalates. CONFIDENCE Surrounded by corporate tenants ATO, Dandenong Courts District, State Trustees, Bank of Queensland, Macpherson Kelley Lawyers,
ARKANA
Investor Intelligence Up to $60,000 in immediate tax depreciation benefits available
Astute investors get the long and the short in growth and returns. A clear strategy that is as transparent as it is rewarding.
5.5% returns well above residential apartment rates 5 year long term lease with 4 x 5 year options 0 vacancies and rent paid monthly in advance
4.5 star AAA rated hotel standards
Dandenong Today 145, 052 residents
1.7% population growth per annum (2005 â&#x20AC;&#x201C; 2011)
75,405 local jobs
$19 billion dollar local economy $290 million current government investment for Central Dandenong 1.17 billion private sector investment forecast for Central Dandenong 83,700m2 commercial build-out forecast
5,000 new jobs forecast
4,000 new homes forecast 22
INVESTMENT
ARKANA today 4.5 star accommodation
100% retail & 100% commercial sales success*
56 serviced 1 & 2 bedroom apartments
250 capacity dedicated events and conferencing level 180 Capacity restaurant open breakfast, lunch, dinner.
51m2 - 76m2 not including private balconies
DEPENDABLE RETURNS Synopsis of the Lease Clause
Details
Landlord
Deal Corporation (Residential) Pty Ltd
Tenant
Tingata Pty Ltd t/a Punt Hill
Commencement Date
1 October 2009
Term
5 Years
Option
4 x 5 year options
Rent Adjustment
Annual review to CPI
Rent Review
At the commencement of each further term
Apartment 609 Sample Apartment
Level 6, balcony, 2 bedroom, 2 bathroom, 79m 2 total
Commencing rental
$22,076
Current rental
$23,841
Price (gst inc.)
$429,000
Depreciation (5yrs)
$73,500
Rent Return
5.55%
23
157 - 163 Lonsdale st, dandenong DEALCORP.COM.AU
Please note that this brochure was prepared prior to completion of construction. The photographs of the interiors are for reference only. Changes may be made during the development and dimensions, fittings, finishes and specifications are subject to change without notice. Views and descriptions of views may vary, dependent on the level and location. Purchasers must ascertain the view through their own investigation prior to purchase. The information contained herein is believed to be correct but not guaranteed. Prospective purchasers must rely on their own enquiries. This brochure is for guidance only and does not constitute an offer or contract. Figures offered are based on investment analysis as a guide only.