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New North Ryde community delivers real investment value
SYDNEY, 1 MARCH 2018 – Property investors have radared in on Frasers Property Australia’s new Centrale masterplanned community in North Ryde, making up almost half of the purchasers in the new community.
As infrastructure improvements open up North Ryde to the rest of Sydney, investors recognise there’s only one new address with its own train station – and that is Centrale.
Centrale comprises four residential buildings connected by various residents’ only podiums with green spaces, relaxation and exercise areas, and barbeque facilities.
Located atop North Ryde railway station, it is one stop from Chatswood, 13km from Sydney CBD, and close to employment hubs, shops, schools, transport, major parks and recreational facilities.
It adds up to a prime investment opportunity. But there’s only four apartments left as construction in the community draws nearer to an April completion.
Dino Carulli, Director of Sales and Marketing, Frasers Property Australia says only three one-bedroom apartments are available priced from $630,000 to $640,000.
“Two are ready to move into and offer breathtaking treetop and district views, while the third will be complete by the second quarter of this year,” Mr Carulli says.
“Elsewhere in Centrale, the final two-bedroom apartment with one car space is available for $895,000 and is also close to completion.
“All of the apartments feature spacious open-plan designs that offer seamless indoor/outdoor living. People can make an appointment with the Centrale sales office to see first-hand the high quality of the design and finishes.”
One Centrale investor, Zoe, purchased a one-bedroom apartment with a study nook off-the-plan last year for $600,000 following a recommendation by her brother, who had also purchased there. She settled her purchase in January and is really happy with the finished product.
“My brother bought at Centrale and he was raving about it,” says Zoe.
“He bought his apartment about a year before and said the display suite was good and the quality of the building and the workmanship was really good.”
Zoe says it took just two weeks for her apartment to be tenanted for $495 a week, in line with the estimates she received when she purchased. She says Centrale’s location and accessibility were big drawcards to her as a buyer and she believes this has also helped her attract a tenant.
“One thing I really like is it is right on top of the train station. I am sure the location will help attract tenants,“ Zoe says.
Like many other Centrale investors, Zoe elected to access the property management service offered by Frasers Property. She says the property management team answered all her questions and made the leasing of her apartment hassle-free.
“There was a special deal of no fees for 12 months. There was no letting fee or advertising cost. I just pay a 5 per cent property management fee, which is pretty good,” Zoe says.“The whole thing was just easy.”
Zoe also praised the Frasers Property Management staff for their help and professionalism throughout the process. The property management service is proving popular among investors, with 63 per cent of investor purchasers using the service. It covers tenancy, management and maintenance, as well as tax, payments and paperwork, to ensure buying an investment property with Frasers Property is hassle-free now and in the future.
For further information on the last remaining apartments available for purchase at Centrale, visit www.centraleapartments.com.au or call Frasers Property Australia on 13 38 38.