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Strong Presales in Riverview Commercial Centre

[Tuesday, February 23, 2010]

Construction of 18 new offices/showrooms in the premium city fringe location of Abbotsford is currently underway. Stage 1 is almost complete and stage 2 of constructing a further 13 buildings, has also commenced. Almost 50% of the project has been sold off the plan, totalling some $12 million in sales at a rate of approx $5,500 per square metre.

Located on the banks of the Yarra fronting Victoria crescent, the property neighbours Nike, Bardot, Salvation Army and Aquila. The project offers a village style complex of 18 individual 2 storey offices/showrooms with open car parking and excellent natural light. A Café is also on offer.

Charles Cini of CVA Property Consultants says, this style of project will be almost impossible to repeat in this inner suburban location. Producing individual buildings like this will be close to impossible with land prices in the city fringe soaring. The only option is high density development, which spreads the cost of the land over a greater building area. This however leads to greater operating costs and individual identity is lost. Purchasers of these buildings will have a very unique product.

The project has been created and managed by Ereapsa Development Management a company that facilitates significant property development opportunities and investment partnership in alliance with CVA property consultants and ACS Advanced Construction Solution.

To view full property particulars visit: www.cva.net.au property id: 5632