End of Financial Year Report – Verve & Milano Buildings -8 Franklin Street & 483 Swanston Street, Melbourne: 2013-2014: Prepared by Stuart Kennett & Esmè Gordon

 

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INTRODUCTION

Agent Comment:

“Another strong year for the twin towers with resale rates remaining one of the highest in the City. Growing concern for a lot of construction in the area has slowed sales for some layouts affected but still a highly prized position with some of the best facilities on offer in the City.”

Sales Statistics

Vervo and milano 2014

Previous Reports:

Financial Report 2011 Financial Report 2012 Financial Report 2013
BUILDING DETAILS & PARTICULARS

Building Facilities:

Pool, Spa, Sauna, Gymnasium, Club Lounge & Cinema, Tennis Court, security entrance and under cover, on title, secure parking
Building Name: Verve & Milano

Year Built:

2006

Owners Corporation:

Bencorp OCMPh: 03 9696 4811

Building Manager:

PH: 9696 4811

No. In Block:

463
Council: City of Melbourne
Zoning: Capital City Zone Schedule 1 http://tinyurl.com/23clumr
REPORTED SALES – Financial Year 2013-2014 BED BATH Offstreet Price Date
418/8 Franklin Street 480,000 02/04/2014
469A/8 Franklin Street 2 2 0 610,000 25/04/2014
637/8 Franklin Street 556,000 11/04/2014
703A/8 Franklin Street 1 1 0 480,000 09/06/2014
705A/8 Franklin Street 3 2 2 840,000 13/09/2013
903/8 Franklin Street 2 2 1 556,000 06/06/2014
1001A/8 Franklin Street 215,000 18/11/2013
1303A/8 Franklin Street 2 1 0 675,000 25/01/2014
1405/8 Franklin Street 2 1 1 510,000 18/03/2014
1701A/8 Franklin Street 1 1 0 270,000 20/09/2013
2005A/8 Franklin Street 2 1 1 455,000 02/07/2013
2202A/8 Franklin Street 1 1 0 340,000 30/09/2013
2307/8 Franklin Street 2 2 1 572,000 15/07/2013
2403/8 Franklin Street 2 1 0 465,000 30/01/2014
2801/8 Franklin Street 2 1 0 570,000 14/02/2014
3207/8 Franklin Street 2 1 0 450,000 01/04/2014
3208/8 Franklin Street 2 1 0 455,000 27/05/2014
3301/8 Franklin Street 2 1 0 565,000 03/07/2013
3507/8 Franklin Street 2 1 1 315,000 21/05/2014
3509/8 Franklin Street 1 1 0 300,000 05/12/2013
2105/8 Franklin Street 2 1 0 480,000 09/05/2014
2001/483 Swanston Street 3 2 0 770,000 07/02/2014
2401/483 Swanston Street 3 2 1 720,000 23/06/2014
2504/483 Swanston Street 2 1 0 440,000 15/04/2014
2508/483 Swanston Street 2 1 0 455,000 11/01/2014
2704/483 Swanston Street 2 1 0 449,000 15/07/2013
3506/483 Swanston Street 2 1 1 600,000 15/11/2013
3607/483 Swanston Street 2 1 0 595,000 09/10/2013
3707/483 Swanston Street 2 1 0 600,000 02/05/2014
414/483 Swanston Street 2 1 1 625,000 23/09/2013
701/483 Swanston Street 3 2 1 755,000 24/09/2013
1307/483 Swanston Street 1 1 1 605,000 16/07/2013
1705/483 Swanston Street 2 1 0 485,000 30/10/2013
2208/483 Swanston Street 2 1 1 440,000 03/12/2013
REPORTED RENTALS – Financial Year 2013-2014 BED BATH Offstreet Rent (pw) Date
2209/8 Franklin Street 2 1 1 523 17/04/2014
2901/8 Franklin Street 2 2 1 633 13/03/2014
704/8 Franklin Street 2 1 0 537 03/03/2014
3006A/8 Franklin Street 2 1 0 570 28/02/2014
1004/8 Franklin Street 2 1 0 520 05/02/2014
2108/8 Franklin Street 2 1 0 550 23/01/2014
3604/8 Franklin Street 2 2 2 620 06/11/2013
1604/8 Franklin Street 2 1 0 552 31/07/2013
708/483 Swanston Street 1 1 0 490 05/03/2014
2103/483 Swanston Street 2 1 0 525 01/03/2014
1903/483 Swanston Street 2 1 2 570 28/02/2014
1504/483 Swanston Street 2 1 1 570 24/02/2014
3105/483 Swanston Street 2 2 0 570 06/02/2014
3407/483 Swanston Street 2 2 0 700 20/01/2014
1303/483 Swanston Street 2 1 1 500 12/12/2013
3706/483 Swanston Street 2 1 1 582 02/12/2013
Contact

 

Stuart Kennett – Harcourts City ResidentialPh: 03 9664 8100Mob: 0497 966 989E: stuart.kennett@harcourts.com.auWeb: www.cityresidential.harcourts.com.au MHC_7704_72dpi_HS_web

 

 

**Harcourts City Residential has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts City Residential may not have concluded any or all of the transactions noted; rather we’ve gathered as much market information as possible on ALL transactions to be as conclusive as possible.

Information contained herein is gathered from a range of sources including but not limited to; The Age Property Results, The Herald Sun Property Results, Valuer General Information & Agents own investigations. All efforts are made to verify the accuracy of the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions offered are just that, our opinions & observations and should not be treated as advice or fact. If your property is exclusively listed with another agent please disregard this communication.

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