The property at 109 Cape Street is situated 13 kilometres from Melbourne’s CBD, in the popular residential suburb of
Heidelberg in Melbourne’s North East.
The suburb is very well serviced with a broad range of amenities. The Heidelberg railway station is situated just 550 metres
south west of the property and public buses are also available close by. Warringal Shopping Centre is located across
Cape Street and hosts a wide variety of services and retail stores including Coles and Aldi. Nearby Burgundy street also
offers a wide variety of restaurant and shopping options. The area is also well serviced with schools including Saint John’s
Primary School, Our Lady of Mercy College and Heidelberg Primary School all within walking distance. The Austin
Hospital and Warringal Private Hospital are located within a 1.75 kilometre radius.
The funding is for the development of a five storey residential building, known as Cape Apartments, comprising 31
apartments above a ground floor retail cafe. The complex will contain 8 x one bedroom apartments and 23 x two bedroom
14 apartment presales have been achieved, totalling approximately $6.56m (GST inclusive) and representing circa 61 percent debt cover (GST inclusive), reflective of loan approval.
Estimated development progress as at 05 February 2020