&nbsp;

A local Australian has spent a Lower North Shore record $15.1 million at <a href="https://www.apartments.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the new TOD above the recently opened Crows Nest Metro Station.

The buyer amalgamated a penthouse and sub-penthouse to create the triplex apartment that will have five bedrooms, five bathrooms, a private rooftop pool, expansive terrace, and panoramic views of Sydney Harbour and skyline. The building is being created by burgeoning developer Third.i, alongside joint venture partner Phoenix Property Investors.

The buyer was drawn to Elevate’s unrivalled connectivity, situated directly above the&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station, and the vibrant lifestyle precinct that surrounds it. The Metro connects to the CBD in just seven minutes, and Chatswood in four.

[smartcode_project:default project_id=142550 project_image_fid=309367]

Designed by internationally acclaimed architects <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, Elevate draws inspiration from the ancient blue gum forests native to the area. The building is a Net Zero development, created in consultation with Indigenous communities and exceeding sustainability benchmarks. Interiors feature chevron-engineered timber flooring, natural stone benchtops, and premium Sub-Zero Wolf appliances, delivering timeless elegance and next-level comfort.

The exchange of the $15.1 million apartment, follows a recent $5 million sale, and over $30 million currently in expressions of interests. Interest in Elevate’s penthouse stock has surged, reflecting a strong appetite for ultra-luxury residences that combine design excellence with unmatched connectivity.

[smartcode_project:default project_id=142550 project_image_fid=309369]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group.&nbsp;

“These recent sales are a testament to the vision behind Elevate. It’s not just about luxury finishes or panoramic views, it’s about creating homes that are deeply connected to the city and the community. Buyers are responding to that. They want to live somewhere that offers more than just a postcode, they want culture, convenience, and long-term value. Elevate delivers all of that, and more.”

[smartcode_project:default project_id=142550 project_image_fid=297878]

As part of the Hume Place precinct, Elevate is transforming Crows Nest into Sydney’s most dynamic urban village. Elevate’s unique position directly above the metro, combined with its curated amenity offering, has made it a magnet for buyers seeking a future-proof investment and a vibrant urban lifestyle.

The next release at Elevate is expected later this year.

[smartcode_project_cta:default project_id=142550]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group


Joel Robinson

Third.i & PPI set Lower North Shore apartment record with $15.1m sale at Elevate Hume Place penthouse amalgamation

Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.

NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.

Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;

Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;

Deicorp was recently approved for another new development next door to Showground Village.

The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."

Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.

[smartcode_project_cta:default project_id=133881]

Deicorp, NSW Premier officially open Showground Village, new retail and hospitality hub in Castle Hill

ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

Waverley Park

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It's been nearly two decades since the ASX-listed national developer Mirvac launched its Waverley Park masterplanned community in Melbourne's Mulgrave.

19 years later and there's just one townhouse remaining in the $785 million project in Melbourne’s South East.

Just five lake and park front homes were put up for sale in the established 80-hectare community, which has created 1,274 homes over the last 19 years.

[smartcode_project:default project_id=22700]

Four of the five townhomes were snapped up in a matter of days of the release, including one with a five bedroom floorplan option.

The sole townhouse, the last that Mirvac will sell, is a three bedroom townhouse priced from $975,000.

Overlooking the 6.8 hectare Finale Park and playground, the home is pitched at upgraders, young professionals and families. <a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waverley_park_living_2.jpg" width="1600"></a>

Mirvac Head of Residential, Stuart Penklis said the final release is an historic milestone for the vibrant community and demonstrates Mirvac’s commitment to creating a strong legacy for future generations.

“For nearly two decades Mirvac has been dedicated to reimagining urban life at the former VFL Park. Over the years we have welcomed new residents and delivered an abundance of amenity including the refurbished Stadium as a state-of-the-art headquarters for the Hawthorn Football Club, and a local shopping hub at the base of the original Sir Kenneth Luke Stand including the renowned Goodlife Health Club and popular café, The Last Piece,” he said.

“It has been an incredible journey and we are extremely proud to be releasing the final homes within Waverley Park, continuing our vision to create a benchmark living environment and sustainable community that encourages social connectivity and an active lifestyle.”

Penklis says many of the sales of stage 14 and 15 at Waverley Park, which were secured during the COVID pandemic, were repeat purchasers within the masterplanned community.

"[Many purchasers were] keen to secure one of the few prime park and lake front homes, demonstrating ongoing market appetite for housing by quality developers in sought-after suburban locations.”

 

 
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The sole townhouse, the last that Mirvac will sell, is a three bedroom townhouse priced from $975,000

Mirvac all but sell-out Waverley Park masterplanned community after nearly two decades

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Mirvac is delivering the final stage of its Waverley Park precinct, which includes its own lakes for the rare opportunity to live in a lakefront home.

Finale offers three, four and five-bedroom townhomes in an esteemed community with an incredible landscape.

Finished with quality material, customisable options to personalise the space and alfresco entertaining areas, these residences provide family-friendly living amongst natural beauty and rich amenity.

[smartcode_project:default project_id=22700]

Dotted throughout the landscape are a range of facilities for the whole family to enjoy. Urban takes a look at 10 amenities that reflect the design excellence of Waverley Park. 
 

<h2>The basics</h2>

Surrounded by natural beauty, the amenity of the established neighbourhood is just a short stroll from your door.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" height="1250" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waverley-park-6-goodison-court-mulgrave-cf20379b43d3a4d80f033a7c3d61bc38.jpg" width="2500"></a>

1. Stadium

The historic Waverley Park Stadium is at the heart of Mirvac’s new neighbourhood.

When it comes to fitness, residents will enjoy this established amenity with a Goodlife Health Club delivering opportunities to keep fit and healthy.

2. Shopping precinct

Convenience is a key feature of the lifestyle at Waverley Park, with fresh food and groceries contained in one handy destination, The Village Store.

“Here you can find all the items you need to indulge in life’s simplest pleasures”, Mirvac’s marketing reads.

3. Open green space

<blockquote>
A unique setting, the parklands are designed with distinct zones to cater for every desire — whether to escape, exercise or relax.
</blockquote>

With stunning natural wonderlands and lakefront parklands, residents can take a gentle walk and enjoy the lakeside scenery at their own pace. 
 

<h2>Family-friendly parklands</h2>

Open expanses, playgrounds, exercise stations and boardwalks — take your pick from a range of options ideal for young professionals, retirees, families and kids.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" height="810" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-19_at_12.00.41_am.jpg" width="1264"></a>

4. Nature-inspired parklands

Tailor-made for growing children, this playground includes built structures, as well as rocks and a planted embankment, for exploration.

The playground’s elements feature a play bridge, slides and climbing element.

5. Skate park

Amenities within Waverley Park are set within distinct zones that cater to every desire.

One of these zones satisfies the needs of teenagers, who “need space to assert their independence and explore their identity”, according to Mirvac.

From skate parks to rock walls, there are numerous amenities encouraging active lifestyles and backdrops to socialise with friends.

6. Picnic shelters

Among the development's many lakeside amenities are picnic shelters and barbeque facilities for entertaining family or friends.

Soft grassy landforms and seating also provide great space to unwind and enjoy the outdoors.

7. Fitness offerings

Four outdoor fitness stations and two outdoor gyms dotted around the master-planned community delivers residents free and easy fitness amenity.

These outdoor offerings deliver opportunities to create meaningful connections to neighbours. 
 

<h2>Sustainable features</h2>

Mirvac’s commitment to delivering world-class projects is driven by our organisation’s sustainability strategy. The developer’s sustainability manager was recently commended for his contribution to the green transition.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" height="1553" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waverley-park-6-goodison-court-mulgrave-ad196e0128ceedca4adac6f5d1dba5bc.jpg" width="2500"></a>

8. Future-proofed for solar and battery power

All Finale homes in the development have been future-proofed for solar PV and battery installation.

Minimising the risk of visible cables, conduits between the roof and garage allow for easy future installation.

9. Lakes and wetlands

Waverley Park’s lakes and wetlands will not only enhance the amenity of the landscape but treat stormwater and support ecological diversity.

The self-sustaining systems will make a huge difference to fauna and flora and require little maintenance.

10. Efficient home features

Every Finale home at Waverley Park achieves a minimum six-star energy rating. The homes’ passive design elements include cross-ventilation, LED lighting, insulation and solar hot water and energy-efficient appliances.

“The Finale demonstrates Mirvac’s commitment to creating healthy, connected and happy communities”, the project marketing states.
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Dotted throughout the Waverley Park landscape are a range of facilities for the whole family to enjoy. 

max.kwok_55688

Mirvac has gone above and beyond to deliver world-class amenities for Waverley Park residents – here's the full list

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As Mirvac’s latest master-planned community, Waverley Park, nears completion, we took a look at what the sustainable and energy-efficient precinct in Melbourne’s Mulgrave has to offer.

The final stage of the community, The Finale, which includes its own picturesque lake, offers three, four and five-bedroom park front homes, a serene extension to your own private front garden.

Designed by Mirvac’s award-winning architects, the boutique range of family homes can be tailored to suit your lifestyle and preferences. 

The six-star energy rated homes boast cross-ventilation and superior insulation, reducing energy use and energy costs. LED lighting, solar hot water and energy-efficient appliances will deliver further savings for residents.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waverley_park_interiors.png"></a>

The parklands include a variety of play equipment and facilities, including a rock-climbing wall, skate park, gym equipment and a basketball court. Plus have a picnic and take advantage of the shelters, barbecues and communal seating area. 

At the heart of the neighbourhood is the historic Waverley Park Stadium, shopping precinct and oval linked by welcoming streets, a community hub and extremely walkable parklands. Also within walking distance is the Goodlife Health Club, Waverley Park Dental Care, cafes and a village store supplying fresh produce.

[smartcode_project:default project_id=22700]

Five-bedroom residences are priced from $1,245,000, while three-bedroom homes begin at $785,000.

With limited family homes remaining, and only a short drive to the fashion capital, Chadstone, Waverley Place is not one to miss.

To find out more information on Waverley Place, enquire <a href="/buildings/waverley-park-6-goodison-court-mulgrave">here</a>.
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jordan_55689

The Finale residence release: What's on offer at Mirvac’s Waverley Park?

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Mirvac’s breathtaking community of Waverley Park offers ideal family living with sustainable and energy-efficient design in Melbourne’s Mulgrave.

The <a href="/buildings/waverley-park-6-goodison-court-mulgrave">final stage of the precinct, Finale</a>, which includes its own picturesque lake, offers three, four and five-bedroom park front homes, adding a serene extension to your own private front garden.

The parklands include barbeque and dining areas, large playgrounds and multi-purpose courts for children, teenagers and adults to enjoy an active and motivated lifestyle.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" height="600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mir0751_waverleypark_s050_ext_park_clay_-_final2000_website_listing_1200px_x_600px.jpg" width="1200"></a>

Each five-bedroom home features generous open-plan living, connecting seamlessly with the outdoors, designed by Mirvac’s in-house design team.

The six-star energy rated homes boast cross-ventilation and superior insulation, reducing energy use and energy costs. LED lighting, solar hot water and energy-efficient appliances will deliver further savings for residents.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" height="731" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waverley_park_internal_1299px_x_731px4.png" width="1299"></a>

Located within walking distance of Waverley Park’s cafés, shopping precinct and oval, Mirvac offers residents convenience and community.

The project’s five-bedroom homes are finished with quality material, with customisable options to personalise the space, walk-in pantries and Smeg appliances.

The two-storey homes also include a balcony, patio and alfresco area, as well as a two-car garage.

Five-bedroom residences are priced from $1,245,000, while three-bedroom homes begin at $785,000.

With limited family homes remaining, and only a short drive to the fashion capital, Chadstone, Waverley Place is not one to miss.

To find out more information on Waverley Place, <a href="/buildings/waverley-park-6-goodison-court-mulgrave">click here</a>.
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Each five-bedroom home features generous open-plan living, connecting seamlessly with the outdoors, designed by Mirvac’s in-house design team

Inside the five-bedroom homes at Mirvac’s Waverley Park 

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A cafe/eatery in Melbourne’s Mulgrave will go under the hammer at Burgess Rawson auction on June 29.
The <a href="https://www.burgessrawson.com.au/buying/VIC/East/Mulgrave/Retail/3P1317#.V2ale1fwzow" target="_blank">7/2 Stadium Circuit and Oval Concourse</a> shop has a building area of 257 sqm including mezzanine, with a capital intensive tenant fitout.
The tenant is on a secure 12-year lease plus options through to 2028.
The lease comes with fixed 4 percent increases and the lessee pays the usual outgoings.
The property includes dual alfresco areas and comes with an exclusive seven-day licensed business. 
Waverley Park is a Mirvac development with 1,400 dwellings, 3,500 residents and Hawthorn Football Club (AFL) corporate headquarters and training grounds.
Its rental income was $103,415 pa as at Nov 2016.
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Waverley Park

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