Last weekend Madison Waterloo was launched to the market, deposits were recieved on 22 of the 47 apartments. Positive feedback was based on the small boutique block, the high standard of finish and quiet leafy location which overlooks the park and Waterloo Oval.
Trivest held an option on the 2000sqm site, which was on-sold as a raw site to residential development company Loftex by MP as an off market transaction. The original 2000sqm warehouse still occupies the block, and houses the Madison display suite. Completion of the now approved apartment development is sheduled within an 18 month period.
Competing residential development in the local area is denser in terms of apartment volumes with Bectons’ Divercity at 830 Bourke Street, Waterloo offering a selection of 800 apartments to choose from and Payce’s East Village offering 206 apartments.
Both Divercity and East Village offer exceptional levels of amenity and unique deign aspects, East Village has an exclusive 6,500sqm ‘Sky Park’ for residents only. There is also a sensational Koichi Takada designed 4000sqm commercial precinct which, in addition to a full supermarket will house gourmet provedores, a multi level fitness centre and health club. The drawback however of the larger scale developments is that amenity and the high density equate to higher ongoing costs for owners in terms of strata fees. Boutique developments such as Madison Waterloo offer purchasers lower ongoing costs and the comfort that rates will not blow out due to maintenance of expensive common areas and amenities.
Nettleton & Tribe have designed Madison to offer a select 47 oversized apartments with one bedroom units ranging from a luxurious 58-68sqm (standard size for a one bedroom unit in the area is 52sqm). Pricing starts from $489,000 and purchasing before the end of the financial year enables buyers to capitalise on the governments stamp duty savings.
Madison overlooks Waterloo oval which hums with quiet activity on the weekends. Local football games (and the smell of sausage sizzles) on chilly autumn days and residents walking their dogs- and pet pigs (!!).
Ducted air-conditioning comes as a standard in all apartments, smeg appliances in the kitchen, loads of storage in the basement and the ability to up spec to eco-friendly and beautiful looking bamboo flooring throughout.
As well as being situated near some beautiful local parkland, Madison was designed from day one to be ecologically sensitive. Real energy savings are made with a central solar hot water system, smart energy efficient lighting and rainwater re- use tank. Madison Doesn’t just look good- its doing good too!
The developer, Loftex is a boutique property company that specialises in the development of high quality, unique residential apartment and housing projects. combining design excellence and attention to detail.
Unfortunately the Lamborghini is not included- we wish!!