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Cheltenham moving towards apartments and townhouses
By
Nicola Trotman
Page 1 of 2 The Melbourne bayside suburb of Cheltenham is following in the footsteps of the inner-city market, developing a new apartment complex – to be known as No.9 – and a townhouse project named Central Park. No.9 is the latest $18 million boutique project by Launch Corporation. No.9 is currently 35% sold.
Offering one- and two-bedroom apartments at 9 Chesterville Road, Cheltenham, it has been designed by Australian Design Group (ADG). The aims is to achieve a seven-star energy rating. The 38 apartments have open-plan layouts, plus outdoor terraces and balconies.
Austin Design Associates took the lead in designing the interior with landscaping by Zenith Concepts. The one-bedroom apartments with a car park start from $335,000 and a two-bedroom apartment start from $400,000. Launch Corporation was established in 1999 and won the 2011 HIA Victorian Townhouses/Village Development Award and the BDAV Building Design Awards for a two-unit townhouse located in Fitzroy.
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Before you buy a property in a development with an owners' corporation, it’s essential to understand your potential financial liabilities and other responsibilities as a member.
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