This article is from the Australian Property Journal archive
CENTRAL Equity has launched an apartment release at its $450 million Melbourne Grand project at 560 Lonsdale St.
Chairman Eddie Kutner said the official launch is planned for later this year but the apartments are available for purchase now and investors can save up to $55,000 in stamp duty before legislative changes are introduced from 1 July 2017.
“High rise families are the future of inner city Melbourne, and Melbourne Grand has been designed to meet the needs of young professionals, empty nesters and the growing tide of young parents looking to raise their families in the inner city,” he added.
The project will see the refurbishment of one of Melbourne’s oldest surviving buildings, the heritage-listed building at 556-558 Lonsdale St. Constructed between 1855 and 1878, it will be restored to its former glory and preserved for the long term.
Melbourne Grand will feature retail shops on Lonsdale St, with office spaces of over 500sqm on the mezzanine above, as well as cafes and retail outlets that will activate the lane and enliven the streetscape.
Prices start from $479,000 for a one bedroom apartment and range to over $3 million for a penthouse.
Australian Property Journal
