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RetailStaff WriterSun 04 Dec 16

Does Centrale's Design Make It 'The Investor's Option'?

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Frasers Property Australia says they follow a simple mantra: 'Never assume'. It's a belief that led the design of their offerings at Centrale, which aims to provide what the community actually wants rather than what it assumed it wants.

Instinct may suggest a car space should be included with every apartment, but why should buyers – and tenants – who don’t want the expense of a car have to pay for a car space they’ll never use?And if a community has its own dedicated train station – as Centrale at North Ryde has – it becomes even clearer that providing buyers with lots of options, including affordable ones without a car space, is the right way to go.

For Jacques Lotter from Sydney’s northern beaches, the excellent connectivity of Centrale at North Ryde made it appealing for potential tenants and not having to pay for a car space made his first investment property more affordable.

Jacques commutes past the Centrale site on Delhi Road regularly and having done his research into the rental potential in North Ryde, decided to seize the opportunity.

“The floorplan option with no parking made sense from a price perspective, particularly given there will be a car sharing scheme offered within the community, meaning that the future return on my investment will be strong, especially given the increasing property demand in the North Ryde and Macquarie Park area,” Mr Lotter said.

Frasers Property General Manager of NSW Residential Nigel Edgar said Centrale offers affordable properties with specific features to suit a variety of buyers, such as the one bedroom with no car space for those who do not own or wish to own a car.

“Centrale offers multiple living opportunities to suit the various buyers in today’s market. Given the onsite transportation options and amenity on offer, Frasers Property has certainly hit the jackpot with the Centrale development in the heart of North Ryde,” he said.

“Our one bedroom apartments with no parking are an excellent example of offering an affordable price point for first home buyers wanting to get into the market and ideal for those not wanting the expense that comes with owning and maintaining a car.

“The onsite car sharing scheme is also an affordable and convenient method of transport for residents who do not own a car.

"The scheme will help residents to optimise Centrale’s easy access to major arterial roads such as Dehli and Epping Roads, the M2 and Lane Cove Road,” he said.

Designed by architectural firm Turner, Centrale apartments have been designed to be appealing to a range of buyers, whether it be investors or first home buyers, focusing on liveable, dynamic spaces taking advantage of the beautiful natural lush green surrounds.

Turner's Kevin Driver said that an extensive amount of detail and planning went into the Centrale apartments to make the most of space, views and natural light without compromising on size.

“The apartments have been designed to maximise each living space’s access to both the light and views. We have created generous homes through providing efficient layouts, which seamlessly flow to the outdoor entertaining areas, for an indoor-outdoor lifestyle,” he said.

“It’s becoming increasingly evident that apartments are providing a positive alternative to a traditional suburban house. They’re low maintenance, meaning you can take full advantage of all that an inner-city lifestyle has to offer. At Centrale that includes the great amenities, leisure activities and retail in the area.”

Centrale offers a range of outdoor spaces, from the ample private balconies with city and district views, to the lush communal courtyards for both active and passive recreation, to the new public plaza that should be alive with activity from cafes and the station.

ResidentialAustraliaConstructionArchitectureReal EstateConstructionSector
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"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
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Article originally posted at: https://theurbandeveloper.com/articles/centrale-design-make-investors-option