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Homeowner-run at St Boulevard, Magnolia

Market Insights
5 years ago
3 minutes

Apartment developments have always been a competitive market with developers pushing the bar higher and higher. We have seen luxury developments with 24/7 concierge services, wine cellars and cigar rooms, cinemas, and 3D golf courses. And, while these inclusions are decadent, many homeowners can be scared off by the idea of navigating body corporate fees. How much is it? What’s included? How do you book the residents’ cinema for your next party?

Shakespeare Group’s new development St Boulevard has all the answers. Not only are these homes located on the premier St Kilda Road, minutes from Melbourne’s CBD, the development team is also focusing on ensuring the completed buildings and shared amenities will be well-run and well-maintained for future residents.

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Brett Griffith, Colliers director, says, “The key with these large projects is to appoint the best owners’ corporation and building manager for the job. Once construction has completed, you also have to ensure all the amenities are maintained to a high level.”

Once the apartment settlement has taken place, the chosen owners corporation will help homeowners form a committee and facilitate communications so that residents can have a say on important issues.

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“The great thing about these kinds of projects is that everyone gets a say, meaning everyone’s vote is equal and residents can all drive the future of their homes collectively,” Griffith adds.

With just the tap of a screen, residents can book building facilities at St Boulevard such as the private dining rooms, health club or outdoor pavilions which allow the residents to get together and create a friendly community.

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Connected by landscaped gardens and pathways, St. Boulevard is comprised of three buildings. After almost selling out of the first two releases, Anaca and Ginko, Magnolia has been introduced to the market.

Taking inspiration from the surrounding environment and arts precinct of St Kilda Road, the residences feature natural materials and crafted joinery. The interiors are a seamless extension of the organic landscape, with raw finishes juxtaposed against the cutting-edge technology integrated into the open plan kitchens.

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As part of St Boulevard, residences are positioned on Melbourne’s premier tree-lined boulevard, surrounded by parks and gardens leading directly into the CBD. The highly sought-after location means homeowners benefit from views over Fawkner Park, the Royal Botanic Gardens and Melbourne city skyline in one direction, while west-facing homes offer scenes of Albert Park Lake and Port Phillip Bay.

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With trams frequently running along St Kilda Road, access to the arts and cultural hub of the CBD is easy. Only 15 minutes away, the National Gallery of Victoria is home to permanent collections as well as international exhibitions. Next door, there are multiple productions on rotation at the Playhouse. From entertaining musicals to stand-up comedy during the Melbourne International Comedy Festival, there is something for everyone.

The 1 bedroom apartments start from $540,000, 2 bedroom apartments from $710,000 and 3 bedroom apartments with 2 carparks from $1,535,00. The display suite can be viewed via private appointment.

Enquire here to find out more about the residences at St Boulevard, Magnolia.