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Lantern – SEP 2016

Latest construction update from the Lantern site in Collingwood, Melbourne

Cornerstone International Properties is pleased to bring you the latest construction update for the lovely Lantern Apartments in Collingwood, Melbourne.

A work of art, Lantern has a distinguishable lantern-like facade, hence its name. Only 3.2km from the CBD, Lantern lies in a historic neighbourhood of Collingwood, only 2.1km to the University of Melbourne.

Lantern Construction Update

Progress is going ahead as planned and now, Orange Building Solutions is in full possession of the site. The old building has been demolished bulk excavation is now underway.

The full retention system and basement is expected to be completed by Christmas. Following which, on return from Christmas, work on the structure will commence.

Settlement is anticipated for late 2017 and we will continue to keep you posted.

About Collingwood

Collingwood is one of the hottest property spots for young professionals. Hip, happening and increasingly gentrified, it is home to some of Melbourne’s best food and retail outlets, art, culture and fashion. This former industrial hub is now a magnet for creative people – artists, musicians, designers and their ilk.

Nestled between Ftizroy Garden’s miniature village (South), Yarra Boulevard’s cyclist and kayaker haven (East) and Carlton Gardens’ historical, manicured lawns (West), Lantern is centrally located. It cuts a striking silhouette in this modern Melbourne suburb. Head to Smith Street – just one block away from Lantern – for a trip to the vintage boutiques, inventive bars, street art, amazing eateries and lots of shopping.

Investment Highlights

  • 0.7% vacancy rate, tighter than Melbourne’s 4.4%
  • Only 3.2km to the CBD
  • Only 2.1km to Melbourne Uni
  • Accessibility: the iconic tram 86!
  • Increase in property median pricing in Collingwood
  • Average household income is 10% higher than Victoria
  • >50% of Collingwood population are young professionals and in managerial roles

Project Highlights

  • European-style kitchens
  • Upscale Bosch appliances
  • Porcelain benchtops & splashbacks
  • Grey oak timber floorboards
  • Roof top recreation deck & al fresco dining
  • 24-hr CCTV security & access to selected floors
  • Car parking for selected units

Cornerstone International Properties proudly markets international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research. Our research is backed by third party experts and due diligence. 

Disclaimer: Cornerstone International Properties does not provide tax & legal advice and accepts no liability. We encourage our readers to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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