Real Estate

popular nunawading apartments return to market

Written by The ReReport

INVESTORS are circling 18 new apartments that are back on the market in Nunawading after their original buyer hit a financial roadblock.
The two-bedroom apartments at 193-195 Springvale Rd are the last remaining in a six-storey development called Atrium.
There were 88 apartments built in the complex, which was completed in 2017.

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18 apartments have just been listed at Atrium.

Inside one of the two-bedroom apartments.

The 18 empty units were previously purchased, but have returned to the market under a mortgagee sale.
Savills director Julian Heatherich said the open-plan apartments were being sold at a “more affordable” price point than usual for Nunawading.
“It’s a fantastic opportunity for small investors,” he said.
“It offers affordable living and quality in a market where housing is so expensive.”

Mr Heatherich said the apartments were “more affordable” than usual.

They can be purchased individually or as a package.

The apartments have individual price guides that range between $290,000 and $506,000.
They are well below the median unit price for Nunawading of $648,000, according to CoreLogic.
The apartments are being offered for sale individually or as a package deal.

The building’s rooftop courtyard.

A communal central courtyard at the development.

Mr Heatherich said syndicate buyers had shown interest in purchasing all apartments in one parcel, or in groups of four or five.
“People are drawn to the quality fit-out, large balconies and modern stainless-steel appliances,” he said.
“It’s also across the road from Nunawading train station and there’s potential of a restaurant or cafe being built on the ground floor.”
The Atrium building was a popular choice for buyers when it first hit the market, with a rooftop barbecue area and central courtyard built into its environmentally-friendly design.


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