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City's newest investment opportunity

20 April 2012    


With the Rundle Mall shopping precinct and North Terrace cultural and educational hub literally at its doorstep, the new Globe Eastend Apartments development represents one of Adelaide’s most attractive property investment opportunities.
 
The $24 million, 14-level Globe apartment complex located in Synagogue Place, off Rundle Street East, was officially opened last month by the Premier of South Australia Jay Weatherill and already 44 of the 78 apartments have sold.
 
With a vibrant mix of residents, the development is the product of respected national builder and developer, Hindmarsh.
 
“Globe Eastend is ideally positioned to make the most of its location in the heart of the city’s shopping, entertainment, fashion and education precincts and is attracting strong interest from those looking to purchase their first home, international students and investors, as well as those who work in the CBD,’’ Brock Urban Projects selling agent Tony Mathews said.
 
Mr Mathew said each of the two bedroom apartments is fully furnished and in Adelaide’s tight accommodation market some are commanding rents of up to $480 a week.
 
Globe Eastend has been designed to help reduce residents’ carbon footprint, offering a 6-star, low maintenance, energy efficient building. City or near city workers can create an extra hour in their day by walking to work in the CBD and the apartments are easy to lock up and leave for travellers.
 
The proposed introduction mid-year of car share program Ezigo, for the exclusive use of residents will further enhance the green credentials of the Globe apartments, while providing an affordable option for residents who need on-demand access to a car.
 
“These apartments are very affordable at the moment with prices ranging from $385,000 to $397,500 and when you consider the location, it’s incredibly good buying,’’ Mr Mathews said.
 
“Not only does the development represent a great investment opportunity, it’s also ideal for first home buyers.
 
“In addition to the developer’s Stamp Duty rebate  of $10,000, there are also  further SA Government grants of up to $16,500 that first home buyers could access if they sign before June 30.’’
 
He also said that when South Australia’s mining and support sectors start to take off, competition for city rental accommodation will further intensify.
 
Key features of the building include a reception, lobby, bike storage, cafe with outdoor dining, communal leisure facility and a state-of-the-art launderette.
 
“Now is a good time to buy to take advantage of affordable prices that currently exist in the market place.’’
 
The Globe Apartments are being sold by Brock Urban Projects. For more information please visit www.brockurbanprojects.com.au.
 
ISSUED BY HUGHES PUBLIC RELATIONS:

For further information please contact Catherine Bauer on 8412 4100 or email catherine@hughespr.com.au