Australasia Investment and Trade Association Inc Australasia Investment and Trade Association Inc

Sun Apartments- Mixed Residential Development in Geelong

  • One of Australia’s fastest growing regions
  • 75km (<1 hour from Melbourne)
  • Gateway to the Great Ocean Road and Australia’s premier tourism sites
  • This Sun Apartment represents an opportunity to development site with 180 degree with to the Corio Bay and 360 degree view to Geelong. This site has a permit for a tallest landmark residential apartment tower in Geelong.
  • Approved permit in place for a 15 Level apartment tower comprising of 120 apartments.
  • Majority of the apartments are 1,2,3 bedrooms, with an average size of 75sqm
  • Corner site of 2000+ m2 in area, located within the western wedge and 500 meter from Geelong – Melbourne central train station precinct, in close proximity 50 mins to Melbourne CBD and now train runs every 10 minutes.
  • Designed by Award winning Architectural as entry gate for Geelong and landmark for Geelong.
  • Summary :
    • Land and plan cost is $10 million
    • Construction cost $30 millionSun Apartment 1 Sun apartment 2Association cost is 4.5 million
    • Sell price is $ 56 million
    • Profit:   $11.5 million