Spencer Melbourne – 420 Spencer Street – West Melbourne

Jun 15 2015 / 6:59 pm Was written by Atwell & Co. Comments Off
Spencer Melbourne, 420 Spencer Street, West Melbourne - 1

Price: $370,000 – $2,152,520

Type: Apartment

No. of Levels: 38

No. of Units: 438

Construction Start: April 27th 2015

Construction End: July 2017

Project Description

If you want a taste of modern and heritage in ground breaking ways, 420 Spencer is the right place for you! Its striking building has been one of Melbourne’s premier head-starter of art deco architecture as it has been existing since 1930s. Building in order to bring old and new together, 420 Spencer gives an opportunity for residents to experience and be part of Melbourne’s history. Subsequently, its laid-back luxury interior and intuitive designs have given a facade of ease for movement and tactile surfaces crafted from quality materials.

Summary

  • Address – 420 Spencer Street, West Melbourne, 3003
  • 4 x retail shops on ground floor
  • 6 offices on 1st floor
  • Bike storage on ground floor
  • Residents facilities level 1 – Gym, pool, theatrette & communal lounge
  • 438 Apartments (210 one bed, 210 two bed, 12 three bed , 6 penthouses)
  • 4 Passenger lifts (1 express for 3 bedroom &penthouses)
  • 152 Carparks total ($65,000 each)
  • 230 Storage cages ($2,500 each)
  • Construction commencing April 27th 2015
  • Completion July 2017

Spencer Melbourne, 420 Spencer Street, West Melbourne - 2

Why Invest?

  • Walkability and Accessibility. Offers an easy access to the CBD, education facilities, retail shopping and entertainment amenity, park and recreation space.
  • Population Growth. Forecast population growth of 94% over the next decade with an additional 10,000 residents expected to reside in E-Gate.
  • Infrastructure &Investment. An amount of $32.6 billion of investment across 5 major projects throughout Melbourne is expected to have a positive impact on West Melbourne.
  • Employment and Education It is just a walking distance to the three major employment hubs in the City of Melbourne as well as Australia’s top ranking University.
  • Residential Market. West Melbourne registered a median apartment price of $566,500 as at December 2014 and strong growth of 15.6% over the past year.

Rental Market. West Melbourne has a large rental market with median rents across all apartments averaging growth of 3.7% per annum, over the past decade.

Atwell & Co Real Estate
Unit 6 / 29-30 Grattan Street Prahran, Victoria 3181
Phone: (03) 9510 6203 URL of Map