The property is located at 367 Cotham Road, in Kew, an inner Melbourne suburb situated approximately five kilometres east of the central business district.
Known as one of the most prestigious suburbs in Melbourne, Kew attracts keen shoppers to its Kew Junction precinct bristling with established destination shops and gourmet food options. Kew is also home to two primary schools as well as several day and boarding schools for older children, along with three golf courses and Kew football club. Another major attraction is the Studley Park Boathouse – a restored Edwardian building, and the Villa Alba Museum, which sits adjacent to Studley Park.
Kew is served by transport links to central Melbourne and surrounding suburbs with four tram lines and six bus routes being available to residents.
The proposed development of 21 residential apartments includes 4 x four bedroom, four bathroom, 5 x three bedroom, three bathroom, 6 x three bedroom, two bathroom, and 6 x two bedroom, two bathroom, over a dual basement carpark for 58 vehicles. Seven apartments have been presold, establishing a presales debt coverage ratio of at least 56.6 percent that was required for construction purposes.
Estimated development progress as at 18 September 2020