Comprising ten apartments, the proposed development is situated within the prestigious suburb of Kew, just 6kms from Melbourne CBD and close to the services, facilities and amenities of the Glenferrie Road retail village. This location is also within proximity to a number of Melbourne’s most prominent private schools.
Designed by C Kairouz Architects this three-level development will present a rare collection of highly refined one, two and three-bedroom apartments. Surrounded by heritage parklands and coupled with a vibrant village, each home will exude an enduring elegance with design accents and refined materiality seamlessly connecting each space.
With high quality joinery and finishes, each apartment will reflect sophisticated and timeless detailing with a carefully curated palette of finishes, European oak floors, stone benchtops and beautiful bespoke joinery. Each resident will enjoy expansive floor-to-ceiling windows, landscaped garden surrounds, a ground floor lobby and service lift to all levels, and access to a shared basement carpark.
This Syndicate-Fund has been established to assist with the refinance of an existing loan from another lender and to finance the proposed development of a residential apartment complex at 281 Barkers Road, Kew VIC 3101. The Borrower has achieved three qualifying pre-sales, equating to a debt cover of approximately 50.21% (including GST). A condition of the loan is to achieve $5.5 million (including GST) of qualifying pre-sales within 12 months of the loan commencement, which is expected to equate to a corresponding residual loan to value ratio of 29%. At the conclusion of the loan term if there is an amount outstanding the Borrower is expected to apply for refinance with us or another lender.
Estimated development progress as at 28 May 2020