price: $305,000 - $555,000 rent return: 4.12% - 6.64% 1-3 ... · living room, stone bench-tops, ......

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Estimated completion date: June 2018

Contact Property Mentor

Smart Legal - Miti Fuenzalida

New

12/04/17

› Date Listed

› Property Type

› Club Solicitor

› Inspections

› Researcher

OCEAN- or Hinterland views & a parisian inspired design= The Hedge, Sunshine Coast just 500m to the beach, 200m to the Kawana Shopping World/ 160 retailers, restaurants future cinemas, 10min drive to the new Sunshine Coast University Hospital. MEMBERS SPECIAL= storage cage, blinds and fly screens.Upmarket inclusions: Aircon in EVERY bedroom plus main living room, stone bench-tops, Fisher & Paykal appliances, dishwasher & microwave &clothes dryer

Licence: via its listing agent Property Realty Pty Ltd T/as Best Property 4 U (QLD Corp License No. 3896148)

Buddina is located in the heart of the Sunshine Coast only 8min to Mooloolaba or 10min to Caloundra

(Mirvac) Kawana Shopping World just 200m- 160 Retailers- 1700 car park. Currently undergoing expansion. New cinemas, more shops & restaurants

› Location

› Shopping

160 shops incl.Coles, Woolworth, Aldi, Big W, Mc Donald, Shell servo, dining and future cinemas are all located just 200m away @ Kawana Shopping World

› Retail

Buddina State School: primary to grade 6 is just 300m walk- Nearest high school is about 5 min drive/school bus= Kawana Waters State College

› Schools

Apartment, New

› Property

Buddina

1-2Price: 1-3 1Rent Return:$305,000 - $555,000 4.12% - 6.64%

Additional Downloads & Documents - Click on link

8 View All - Site/Floor Plans, Documents & Photos

4 Rental Appraisals 4 Special Conditions4 Photos (general) 4 Star Report4 Video Link

1 of 13Legal Notice: We have taken significant care to bring together this information from the vendor and reliable third parties. If you are interested in this property you need to assure yourself that buying such property will meet your investment needs and that the information presented is both accurate and up to date.

The Hedge Buddina1 Bermagui Cresent, Buddina QLD

https://memberlink.propertyclub.com.au/#/property/gallery?query=%7B%22AlbumID%22:95714%7D

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https://api.propertyclub.com.au/1.0/starreports/21421

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The Hedge Buddina

1 Bermagui Cresent, Buddina Q

LD

Contracts

When contracts are received please check it against the inclusions / schedule of finishes in the profile and if there are any discrepancies please contact the Researcher prior to signing for clarification.


1-3 1-2 1$305,000 - $555,000 Rent Return: 4.12% - 6.64%Price:

Property Description

Distance from CBD Buddina is located in the heart of the Sunshine Coast only 8min to Mooloolaba or 10min to Caloundra

Nearest major shopping (Mirvac) Kawana Shopping World just 200m- 160 Retailers- 1700 car park. Currently undergoing expansion. New cinemas, more shops & restaurants

Nearest retail facilities 160 shops incl.Coles, Woolworth, Aldi, Big W, Mc Donald, Shell servo, dining and future cinemas are all located just 200m away @ Kawana Shopping World

Nearest high school Buddina State School: primary to grade 6 is just 300m walk- Nearest high school is about 5 min drive/school bus= Kawana Waters State College

Dwellings in development 93 units plus 5 penthouses

Roof cladding The roof will be a trussed structure,covered of zincalume metal roof sheeting with colourbondfascia

Internal features The design has its essence in sunlight & air.The split building design allows a corridor of natural light and inviting cool breezes and natural ventilation. Landscaped communal spaces with vertical hanging gardens. Enjoy pool, spa and gym.Internal upmarket inclusions: Fisher & Paykal dryer, microwave, dishwasher,cooktop,oven rangehood, glass splash-back,stone benchtops throughout, split system aircon in EVERY bedroom & main living room, individual Intercom, security system & CCTV throughout the building. MEMBERS SPECIALl: storage cage, blinds and fly screens

Development features This is a summary from the National Institute of Property Research (April 2016): The current development site was chosen due to its many positive characteristics including location close to the patrolled Beach ( 500m) of Kawana Surf Club, closeness to Kawana Shopping World ( 300m) and future cinemas, local parks and schools ( 300m) . Public transport is about 500m away. This is all in addition to the central local that is Buddina, where infrastructure projects such as the Maroochydore town centre, the International Airport and Sunshine Coast University Hospital in the Birtinya Health precinct make Buddina ideally located for capital gains now and in the future. There is a need to build over 2300 new homes on the Sunshine Coast each year. New supply is struggling to keep up with demand, with more well located dwellings needed.

Council rate per annum approx $2,500

Body Corp per annum approx From $3,625 to $4,000 p.a.

For more detailed information, please refer to Body Corporate Disclosure Statement attached to Contract of Sale.

When built or completion date Mid to end 2018



Finance

$1,000 initial deposit- 10 % finance approval or contract unconditional.

* FIRST TENANT guarantee: provided by on-site manager at 5% rent return from day of settlement.

REFUSE TENANTIf the landlord refuses to accept a tenant who has been approved in accordance with the normal principles of vetting a prospective tenant that is used by Best Property 4 U, then the guarantee will become void and the Guarantors obligations are at an end.

Characteristics

Number Listing Price Rent Rent Return

Listing Date

Characteristics Listing ID

118 $305,000 $350 - $390 5.96% - 6.64%

21/03/2017 1 bed, 1 bath, 1 car garage, Air-con in EVERY bedroom plus main living room, stone bench-top, Fisher & Paykel appliances: dishwasher, clothes dryer, micro wave, ceran cook-top, stone-benchtop in kitchen

74822

418 $347,000 $350 - $390 5.24% - 5.84%


74823

518 $367,000 $350 - $390 4.95% - 5.52%


74824

109 $410,000 $440 - $480 5.58% - 6.08%

24/03/2017 2 bed , 2 bath, Study-nook, 1 car garage, Air-con in EVERY bedroom plus main living room, stone bench-top, Fisher & Paykel appliances: dishwasher, clothes dryer, micro wave, ceran cook-top, stone-benchtop in kitchen

75051

108 $425,000 $440 - $480 5.38% - 5.87%


74842

111 $425,000 $440 - $480 5.38% - 5.87%

21/03/2017 2 bed , 2 bath, 1 car garage, Air-con in EVERY bedroom plus main living room, stone bench-top, Fisher & Paykel appliances: dishwasher, clothes dryer, micro wave, ceran cook-top, stone-benchtop in kitchen

74843

219 $425,000 $440 - $480 5.38% - 5.87%


74844



Characteristics

Number Listing Price Rent Rent Return

Listing Date

Characteristics Listing ID

208 $430,000 $440 - $480 5.32% - 5.80%


74841

207 $430,000 $440 - $480 5.32% - 5.80%


75063

308 $450,000 $440 - $480 5.08% - 5.54%


74839

311 $450,000 $440 - $480 5.08% - 5.54%


74840

419 $455,000 $440 - $480 5.02% - 5.48%


74838

511 $495,000 $550 - $600 5.77% - 6.30%

12/04/2017 North-west , 2 bath, 1 car garage, Air-con in EVERY bedroom plus main living room, stone bench-top, Fisher & Paykel appliances: dishwasher, clothes dryer, micro wave, ceran cook-top, stone-benchtop in kitchen

75155

113 $517,500 $550 - $600 5.52% - 6.02%

21/03/2017 North facing-3 bed , 2 bath, 1 car garage, Air-con in EVERY bedroom plus main living room, stone bench-top, Fisher & Paykel appliances: dishwasher, clothes dryer, micro wave, ceran cook-top, stone-benchtop in kitchen

74834

317 $535,000SOLD $550 - $600 5.34% - 5.83%

07/04/2017 North facing- 2 bed , 2 bath, 1 car garage, Air-con in EVERY bedroom plus main living room, stone bench-top, Fisher & Paykel appliances: dishwasher, clothes dryer, micro wave, ceran cook-top, stone-benchtop in kitchen

75150

213 $545,000 $550 - $600 5.24% - 5.72%

21/03/2017 North facing-3 bed , 2 bath, 1 car garage, Air-con in EVERY bedroom plus main living room, stone bench-top, Fisher & Paykel appliances: dishwasher, clothes dryer, micro wave, ceran cook-top, stone-benchtop in kitchen

74835

112 $555,000 $440 - $480 4.12% - 4.49%


74837

The Hedge Buddina


LD



Sizes

Number Floor Level Design First Floor Second Floor Balcony / Courtyard Garage Area Total Area118 modern, open-

plan floor plan58 12 70

418 modern, open-plan floor plan

58 12 70


58 12 70


90 19 10.8 109


98 23 121


95 27 122


80 17 97


98 23 121


94 21 10.8 115


98 23 121


95 27 122


80 17 97


95 27 107


100 23 123


100 23 107


100 23 123


107 25 132



Construction AppraisalThe most exciting residential project on the Sunshine Coast in decades is arriving: The Hedge at Buddina.Parisian inspired luxury meets the ultimate coastal lifestyle in the highly sought after suburb of Buddina on the Sunshine Coast.Embrace lifestyle and location to the ever evolving Kawana precinct - be part of something special !

‘The Hedge at Buddina’ comprising of an architecturally designed apartment building. Construction commencing in May/June, 2017 and completion is due mid to late 2018.

The apartment building is constructed over 6 levels with 17 units on the 1st floor, 18 units on the 2nd floor, 19 units on floors 3, 4 and 5. There are 5 penthouses for future release.On offer beautifully designed and proportioned apartments over six levels. Select 1, 2 or 3 bedrooms up to 158 m2 in size. The 92 apartments enjoy private balconies and ocean views

There is a residents’ recreational area on the 1st floor, where residents will enjoy the many amenities on offer. Enjoy tranquil, landscaped communal spaces with vertical gardens, pool, gym and a terrace garden where you are sure to feel rejuvenated after a long day at work or play.

The double-wing building design integrates a passage way to encourage ebb and flow between community and home. Optimised for efficiency and space, the apartments are designed to feature breezy, sun-filled interiors, modern fixtures and high quality appliances.Designed to the highest standards in sustainability, abundant greenery integrates with internal living spaces so residents connect with nature inside and out.Individual apartments capture the effects of cross ventilation and daylight reducing energy consumption, in addition to solar.The units are wired for cable television as well as wiring for high speed internet. All apartments will have a secure basement car space and the security intercom to all apartments.The Hedge at Buddina development is to be constructed utilising ‘best practice’ techniques and building methodology to ensure the building’s Life Cycle value is of the highest order.

The Hedge was carefully chosen for the ultimate living combination: contemporary coastal living with beach lifestyle every day and immediate access to employment and commercial opportunities.Proximity to oceanside health and learning precinct, schools, library, cinemas and the shopping and cafe precinct of Kawana Shopping World means you can walk everywhere.

The Builder: Cornerstone Building Development in North Lakes/ QLD;Since the company’s inception in 2005 CBD has grown exponentially from a small residential builder to its current day form as a Tier 2 commercial builder in Queenslandand now with expansion into NSW, Vic, Tas and WA. Having experienced such rapid and controlled growth over the period of 10+ years, we are now being exposedto significant commercial development opportunities and experiential growth for our existing young and energetic team. CBD understands they require increasedempowerment/support to fulfil our collective desires for greater influence through excellence in all we commit ourselves too.The word Cornerstone perfectly expresses the heart of what we are all about which is the primary foundational/ structural element of any particular building or project.A few PREVIOUS projects: Arlington Apartments, Brisbane-Nundah, Edgebrook Apartments, Brisbane-Lutwyche,Latitude & Longitude Apartments, Brisbane-Albion , FLinders Parade, Scarborough QLD

The Hedge Buddina


LD



Location AppraisalPlease view this project location on Google maps. Positioned in the heart of the Sunshine Coast in Buddina. Neighbouring suburbs include Kawana, Kawana Island, Kawana Waters, Mooloolaba, Minyama, Birtinya, Lake Kawana, Warana

Great lifestyle-features:-Walk to the beach in approx 500m on Weema Street-Secure swimming at the patrolled beach at Kawana Surf Club-Nearest boat ramp 6 min away on Harbour Parade-Live entertainment at Kawana Waters Hotel just 2 min away-Go for a bike ride paralell to the beach on Pacific Boulevard or around Lake Kawana- Approx 5 min drive to the Sunshine Coast Stadium, is a multi-sport venue and farmers market weekend location-Shopping galore at Kawana Shopping World with 160 shops, restaurants and (soon) cinemas

Employment:- Easy drive within 10min to the new Sunshine Coast University Hospital in Birtinya- 200 m to the Kawana shopping world with 160 retailers and restaurants- Approx 15min to the international Sunshine Coast Airport in Mudjimba- Just,10 minutes to the M1 Bruce Highway to commute to Brisbane ( approx 45 min to North Lakes with IKEA, COSCO, Westfield Shopping Centre and 90 minutes to Brisbane CBD)

Comparison Appraisal Growth AppraisalThere are no NEW or near new apartments in Buddina sold. Most buildings are fairly old. The closest comparable & recent sales in the same postcode (QLD 4575) are as follows:

2 bedrooms55/4 Grande Parade, Parrerra= 2bed/2bath/2 car =113sqm= $ 407,500= 10/11/201696/57 Grande Parade, Parerra= 2bed/2bath/2car =101sqm= $ 410,000= 08/02/2017315/13 Nicklin Way,Minyama= 2bed/2bath/1car= 100sqm= $ 445,000= 18/11/20164/102 Pacific Blvd, Buddina= 2 bed/1bath/1car= $ 385,000= 13/1/20173/1 Paciic Blvd, Buddina= 2bed/2bath/1car=$ 705,00= 20/3/2017 (ocean front)

3 bedrooms37/51 Grande Parade, Parerra= 3bed/2bath/2car= 196sqm=$550,000=17/02/201731/1 Grande Parade,Parerra= 3bed/2bath/2car= 180sqm= $455,000=31/01/201748/51Grande Paraade,Parerr= 3bed/2bath/2car= 187sqm=$655,000=11/02/201716/145 Lowanna Dr, Buddina= 3bed/2bath/1car= $ 620,000= 16/12/2016

Property Market: The Sunshine Coast’s residential property market is a raising market and poised for a solid growth period.Strong population forecasts, increased infrastructure developments and resultant jobs growth will continue to drive demand for the property market.

Population & Demographics:

-The Sunshine Coast is expected to grow at an average of 2.4%pa to 2026 where the population is expected to reach approximately 380,000 residents.-Lifestyle choices and business opportunities continue to be the major draw-cards of the region.- A $605 million airport extension will make it an International Airport by 2020 offering 2,230 local jobs-The new Sunshine Coast University Hospital (SCUH) will fully operate from April 2017. The SCUH is the first major new public hospital to be built in Australia in more than 20 years, and QLD first public hospital costing $1.872 billion. Its surface area of 400,000sqm forms part of a - -20-hectare health campus that includes the Sunshine Coast University Private Hospital, which opened in 2013. The hospital has 6,000 rooms including 450 patient beds and 267 storerooms for consumables.-$10,000.000 Economic benefits thru the Sunshine Coast Solar Farm-$400,000.000 Sunshine Plaza Shopping expansion, creating 5200 constructions and retails jobs -$81,000.000 Sunshine Coast University completed expansion with 20,000 students by 2020



Rental ComparisonThe Real estate Institut of QLD revealed a 1.1% vacancy rate for the Sunshine Coast for the December 2016 quartercompared to 3.6% in Brisbane and 2.5% at the Gold Coast

Currently the median rental price for 2 bed/ 1 bath is $ 360 per week for an older style unit with a high demand for rentals. There is NO modern apartment building in this area yet and it will therefore get big interest by the locals.

For rent in the close by area: 2 bedrooms/ 1 bath$ 320= 2/4 Allambie Court, Buddina, Qld 4575- Old style duplex- unit- no aircon$ 360= 4/4 Minya Street Buddina Qld 4575- Renovated unit- no aircon

For rent 3 bed/ 1 bath$ 430= 2/22 Adelong Crescent Buddina,QLD 4575- top floor unit- small complex$ 350= 2/49 Iluka Avenue Buddina Qld 4575- Old style unit- no air-con

Local FacilitiesKawana patrolled surf beach just 500m away, Kawana Shopping World just 200m with Coles, Woolworth, Aldi, Big W, Mc Donald, restaurants and future cinemas, International Sunshine Coast Airport about 20 min drive

Schedule of FinishesSometimes a builder changes inclusions in a contract and does not inform the researcher. Members must check their contract to see if there are changes to the list of inclusions below.

Contact your SM if you have any concerns about the inclusions written on your contract and your SM will liaise with the researcher.

Please do this before you sign the contract. Once the contract is signed you will be accepting the inclusions list as it is written in that contract.

MEMBERS SPECIAL= storage cage, blinds and fly screens. Upmarket inclusions: Air-con in EVERY bedroom plus main living room, ocean or hinterland views from level 2, stone bench-top, Fisher & Paykel appliances, dishwasher, clothes dryer, carpeted bedrooms, tiles in living areasFIRST TENANT guarantee: provided by on-site manager at 5% rent return from day of settlement

Building and Pest Inspectionn/a

Other



The Hedge Buddina


LD



Location Maps



The Hedge Buddina


LD

