THE URBAN DEVELOPER LONG LUNCHBNE & MEL (Sold Out), SYD (Limited Tickets)BNE & MEL (Sold Out), SYD (Limited Tickets)
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Bhart Bhushan’s Bathla Group has filed plans for a $19-million residential tower in Box Hill, north-west of Sydney.
The 4051sq m site at 1 Alan Street is just off Windsor Road, on the corner of Terry Road and Alan Street.
It is one of a number of residential lots surrounding the Turnbull Reserve.
Anthony Vavayis Architect designed the plans for the seven-storey tower, which also include a new road, Brookline Crescent, to be built on the western side of the lot to allow entry to the tower’s basement-level parking.
The tower will include 86 apartments comprising 20 one-, 48 two- and 18 three-bedroom units across 4647.75sq m of gross floor area.
Two basement levels will offer 117 car parking spaces.
There will be retail and amenities with 1412.4sq m of non-residential gross floor area.
The last listed sale of the property was in August, 2010 for $780,000. Title deeds show Johnny and Jemma Chiha as the current owners.
Box Hill has seen huge growth in value—Shore Financial's State of Sydney report named it top performing suburban suburb in Sydney with a median price in February of $822,000, up $260,000 in 12 months.
The Bathla Group, which has also traded as the Universal Property Group, has been active since 1997.
The developer last month lodged $63-million plans for 219 apartments across six buildings in Western Sydney ata Edmonson Park.
In 2011, ASIC accepted an enforceable undertaking from Bhushan and Universal Property Group to provide compensation for any clients of the company or Bhushan who were vendor finance borrowers.
ASIC had conducted an investigation into alleged unconscionable conduct in connection with lending when Universal Property Group offered vendor finance options to buyers from 2004 to mid-October 2009.
