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MODERN LIVING AT THE HEART OF THE NORTH M A refreshingly unique precinct, Preston has wasted no time in catching up with its surrounding suburbs. A bustling community in the inner north that truly is all heart, now is Preston s time to shine. Spend your time trawling the exclusively local cafes and specialty stores, wonderfully designed bar and gallery spaces, still enjoying access to the same amenities as your inner city counterparts, with convenient transport access. Sartoria
The Modern is a limited release of only 46 New York inspired residences Drawing inspiration from New York loft style architecture, THE MODERN is a 6 Star environmental boutique development inspired by the community vibe of Preston. With clean lines and a striking monochromatic palette, contrast is brought in with the custom feature artwork on the exterior of the building, giving a nostalgic retro feel. This rare offering also has the convenience of premium retail on your doorstep, plus secure entry and camera intercom.
01 The Modern Lifestyle A previously unsung hero, Preston has fast-tracked its way to becoming a destination suburb to rival its neighbours. THE MODERN is the new home for lovers of sustainable contemporary architecture, with access to everything your heart desires, from unique retro designer furniture, to art exhibitions and the fresh produce from your local market. MODERN MEETS RETRO M+R Sartoria Preston Market Designer furniture Dexter
Enjoy the wide variety of cafes, parks, shopping, universities & culture. Northland Shopping Centre Stray Neighbour Darebin Creek Trail Stray Neighbour Preston s cafe and bar scene competes effortlessly with nearby Northcote and East Brunswick. Famous dwellings Stray Neighbour, Sartoria, Red Bean Coffee Roasters and the quirky Disco Beans are destinations of choice for many in the area. Due in part to their striking interiors, open and welcoming atmosphere they are a treat for the senses. La Trobe University Conveniently close to a variety of eclectic cafes, designer bars, quirky vintage at 20th Century Scandinavia or Grandfather s Axe, or famous Thornbury Records for the music lovers, this location is action a-plenty. Preston also boasts renowned independent galleries like Little TENGU, PAM Lane and MIFA, while nearby Heide Gallery has your larger contemporary exhibitions covered. Heide Gallery Heide Gallery
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02 The Modern Location MCG & Sporting Precinct High Street Bars & Restaurants MELBOURNE CBD 9KM Lygon Street Preston Market University of Melbourne Tullamarine Freeway Just 9km from the CBD, THE MODERN is the beginning of your new lifestyle in Preston, the heart of the north. The 86 Tram is just outside your door, taking you to the city or nearby La Trobe University with ease. Other education institutes in the neighbourhood are RMIT Bundoora, two Melbourne Polytechnic campuses and a plethora of schools, including Sacred Heart and the prestigious Ivanhoe Grammar. With Northland Shopping Centre and the Austin Hospital only minutes away, there are exceptional work opportunities in the area. The perfect spot for the cafe generation, THE MODERN is also walking distance from a myriad of chic cafes and boutiques on Plenty Road or High Street and moments from the fresh produce of the Preston Markets. Ivanhoe Grammar School 5km Yarra Bend Park NORTHCOTE Northcote Plaza BELL STREET THORNBURY Preston South Primary School GH Mott Reserve High Street Shopping COLLINGWOOD Preston Family Medical Practice PLENTY ROAD HIGH STREET CARLTON Preston Market Thornbury Primary School BRUNSWICK EAST Sir Douglas Nicholls Sporting Complex Plenty Road Cafe Strip WORK MEETS PLAY W+P Northland Shopping Centre 1.5km MURRAY ROAD PRESTON La Trobe University 3km A G Davis Park Airport 15km
59 51 RMIT Bundoora 5 MINS WATSONIA 6 33 GREENSBOROUGH KINGSBURY 23 HOSPITALS Essendon Airport M2 MOONEE PONDS 1 Melbourne Airport 10 MINS M2 COBURG NORTH COBURG BRUNSWICK EAST Sydney Rd 54 9 38 Merri Creek 60 Bell St St George St 11 10 High St Spring St 12 14 40 45 36 7 3 15 19 13 42 20 1 39 21 43 44 Plenty Rd 41 18 17 16 THORNBURY NORTHCOTE Wood St Murray St Albert St PRESTON 47 48 49 2 52 53 58 Northland Shopping Centre Darebin Creek 35 HEIDELBERG WEST 50 46 24 La Trobe University IVANHOE Waiora Rd 22 Ivanhoe Grammar School Lower Plenty Rd 4 Rossana Rd 62 34 63 Manningham Rd MONTMORENCY 64 TEMPLESTONE DONCASTE 22 Austin Hospital 23 La Trobe University Medical Centre 24 Heidelberg Repatriation Hospital 25 Royal Children s Hospital 26 Royal Women s & Royal Melbourne Hospitals LEISURE 27 Flemington Racecourse Melbourne Cup 28 Melbourne Zoo 29 Melbourne Museum 30 Crown Casino 31 Arts Centre & National Gallery of Victoria 32 M.C.G. + Australian Tennis Open 33 Watermarc Aquatic Centre 34 Heide Gallery of Modern Art 28 65 8 Yarra River 61 M3 5 Westfield Shopping Centre Doncaster SCHOOLS & UNIVERSITIES 35 La Trobe University 36 Melbourne Polytechnic (Preston Campus) 27 55 Eastern Freeway M3 37 University of Melbourne Flemington Rd NORTH MELBOURNE 25 26 37 CARLTON 29 Brunswick St COLLINGWOOD 57 56 KEW BOX HILL NORTH M3 38 39 40 41 42 Coburg Senior High School St Mary s Primary School Thornbury Primary School Preston South Primary School Sacred Heart School 43 Darebin Childcare and Kindergarten MELBOURNE CBD (9km) 32 44 45 46 Preston Primary School Junior Campus Preston West Primary School Ivanhoe Grammar School PORT MELBOURNE M2 30 31 M2 RICHMOND HAWTHORN BOX HILL 47 48 49 Northern College of the Arts & Technology Thornbury High School Preston North East Primary School M2 50 Melbourne Polytechnic 9km from the CBD & surrounded by everything you need LEGEND MI M2 M3 Princess Freeway Tullamarine Freeway Eastern Freeway Trams Trains Bike path SHOPPING 1 Northcote Plaza Shopping Centre 2 Northland Shopping Centre 3 Preston Market 4 Warrigal Shopping Centre 5 Westfield Shopping Centre Doncaster 6 Greensborough Plaza Shopping Centre 7 High Street Shopping 8 Station Street Shopping BARS AND RESTAURANTS 9 Brunswick East Bars & Restaurants 10 High Steet Cafe Strip 11 Pomona Cafe 12 Cheshire 13 Brown Bear Cafe 14 Coffee Automatico 15 Cafe Barea 16 Swadesh Indian Cuisine 17 DISCO Beans 18 Stray Neighbour 19 The Old Fire Station Cafe Gallery 20 Red Bean Coffee Roasters 21 Boundary Espresso PARKS AND RECREATION 51 Bundoora Park Golf Course 52 Darebin Creek 53 Darebin Parklands 54 Coburg Lake 55 Yarra Bend Park 56 Yarra Bend Golf Course 57 Studley Park Boathouse 58 Latrobe Golf Park 59 Edwardes Lake Park 60 CERES Community Environment Park 61 Kew Golf Club 62 Bulleen Park 63 Rosanna Golf Course 64 Westerfolds Park 65 Fairfield Boathouse
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03 The Modern Interiors With views to the CBD, these spacious, light-filled residences boast quality construction combined with the best of modern living and comfort. Finishes and fixtures throughout have been carefully selected for style and longevity, with sustainable and future investment in mind. With a variety of floorplan designs, you have a wide variety of 1, 2 and 3 bedroom layouts to choose from. QUALITY MEETS COMFORT Q+C
Cleverly designed New York loft inspired interiors Hailing from an established design and lengthy construction background, GEDE Developments have worked personally with Petridis Architects to create a quality development inspired by contemporary New York loft interiors.
Features THE MODERN pairs an edgy, clean colour palette with striking feature pendant lighting for an ambient atmosphere. Each residence includes: Durable porcelain benchtops Engineered timber floorboards European appliances Breakfast bar seating around island Feature pendant lighting Floor to ceiling bathroom tiles Energy efficient fixtures and fittings Frameless glass shower Soft close drawers and cabinetry
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The Modern Finishes THE MODERN finishes scheme has been carefully considered by the design team, with pared back natural textures and striking details to create a loft-like feel to the space. Dark engineered timber flooring and feature tiles create contrast with the light walls and cabinetry. Kitchen Cabinetry Kitchen Mirror Splashback Benchtop Bathroom Wall Tiles Bathroom Floor & Shower Tile Engineered Timber Flooring Walls Bedroom Floor Carpet Balcony Tile
The Modern Fixtures & Fittings Bathroom Vanity Bathroom Vanity Shower Shower Bathroom Basin Kitchen Tap Oven Feature Kitchen Light Range Hood Kitchen Basin Dishwasher Stovetop
T+F TEAM & FINANCIALS
04 The Modern Team DESIGN MEETS PASSION D+P GEDE Developments Petridis Architects Steve Rosendale, Artist Our mission is to create great liveable spaces within quality built structures that make a design and architectural statement. A family-owned company, GEDE has been developing and managing projects within the property industry for over 25 years. Both George and Debbie Ioannou bring their respective strengths in construction and design with passion and commitment to delivering quality products. The company has evolved from renovating homes into the development of townhouses and multi-residential developments, as well as managing construction projects for major clients. A collaboration between designers, architects and visual artists, THE MODERN aims to channel into the strong atmosphere of Preston. Petridis Architects is a thriving local architectural practice with plenty of knowledge and experience of the inner North. The practice has undertaken many of the recent apartment developments along High Street, St Georges Road and Plenty Road and it holds a strong personal connection to the area. In fact, their office opened in the mid 1980s on High Street, Thornbury - just down the road. Petridis Architects is an expert team of Architects, Interior designers, Architectural Draftspeople and a Town Planner. I prefer to use nostalgic stills from a luminescent past that are strangely familiar, yet eerily distant Vignettes from the urban underside and romanticized cityscapes in lurid high contrast. From his earliest days as an artist, Steve Rosendale has drawn inspiration from film, television and vintage magazines as source material for his work. His collaboration with Debbie of GEDE Developments for THE MODERN came from a discussion on the urban renewal currently taking place in Preston. The chosen subject and style references retro and pop culture from the 60s, 70s, 80s and beyond.
05 Sustainable Environment Investment THE MODERN has been designed to reduce environmental impact through Environmental Sustainable Design (ESD) principles. Three main principles of ESD have been adopted including improvement of liveablility of homes, reduction of energy use and associated costs as well as reducing waste to landfill. GEDE Developments has worked closely with Local Council, the design team, builders and suppliers to ensure THE MODERN provides the following: Premium 6-Star Energy Efficiency rated apartments Commercial rated double glazing throughout Acoustically rated walls, floors and doors to minimise noise Energy and water saving fixtures and fittings through-out Solar panels for hot water systems and common area lighting Rainwater tanks will capture 17500L of water for reuse in flushing toilets Bicycle parking for 40 bikes are provided Expected building design life of more than 50 years Rivaling its neighbouring suburbs, Preston has experienced an influx of new residents attracted to its relative affordability, accessibility (well serviced by train, tram and bus), proximity to the CBD and to prestigious education institutes. Previously industrial, Preston is making way for modern high density residential, similar to the nearby suburbs of Collingwood, Fitzroy, Brunswick, Northcote and Thornbury. Number of Education Institutes 17 EARLY CHILDHOOD, PRIMARY, SECONDARY & TERTIARY SCHOOLS IN THE AREA Preston is a High Demand Market 613 VISITS PER PROPERTY Total Return 10.5% Average return over the last 10 years Rental Yield 4.4% Per annum average over the last 10 years Capital Growth 5.7% Average growth over the last 10 years Population Age in Preston 36% AGED 25-44 YEARS OLD V+G VALUE MEETS GROWTH Preston s Median Apartment Sale Price $555.5K AUGUST 2016 Preston s Average Apartment Weekly Rental $368 P.W. AUGUST 2016 Employment in Preston 70% WHITE COLLAR EMPLOYMENT Preston s Rental Vacancy Rate 1.6% AUGUST 2016 Source: Australian Bureau of Statistics, City of Darebin, forecast.id
The information contained in this production (including all artist s impressions, renders and finishes) are indicative and provided for general information purposes only. It should not be relied upon as a substitute for legal, financial, real estate or other expert advice and must not be relied upon as a basis for any decision you make concerning any featured property or apartment. Whilst all reasonable care has been taken in providing this information, the developer and its related companies and their representatives, consultants and agents, accept no responsibility for the accuracy of any information contained herein for any action taken in reliance thereon by any party whether purchaser, potential purchaser or otherwise. You must not rely on any images, plans or specifications in this brochure for any reason. You must make your own enquiries to verify the information before acting on it, especially seeking further independent legal and financial advice in relation to all information contained herein. The information is subject to change at any time without notice and to the extent permitted by law, is provided as is without representation or warranty and does not constitute an offer, inducement, representation or contract of any kind as to the accuracy, completeness or suitability for a particular purpose. Loose furniture and some white goods are not included in the sale. Any dimensions and areas are approximate only and subject to change.