Build to Rent advisory Franklin St announces a new forward sale campaign for The Kavanagh Build to Rent scheme in Melbourne. The project is being delivered by a world-class project team including architect’s Fraser & Partners, developer Run All International and Project Manager Hengmao Australia.
Only the Build to Rent component is available for purchase, offering investors a unique and compelling opportunity. The development will allow astute investors the chance to secure a premium apartment pipeline without needing to fund until 2027.
All delivery and planning risks are being borne by the developer, allowing investors a clear line of sight to a premium completed asset.
The blend of a five-star hotel and Build to Rent homes will allow owners to achieve market-leading revenue while sharing the buildings operational costs.
Sitting atop a new five-star hotel and located at 127-129 Kavanagh St in Melbourne’s pre-eminent apartment market in Southbank, the 46-level development is situated on the edge of the high-rise sub-market with uninterrupted views across the South Melbourne to Port Phillip Bay.
The Kavanagh is also nearby the CBD precinct, the Yarra River, Botanical Gardens, the world leading Melbourne Arts precinct and South Melbourne, including the South Melbourne Market.
The Build to Rent portion has been designed with its own standalone amenity including a gym, rooftop lounge and workspace, pool and sky-level basketball court, a media room, pet retreat and grooming spaces, co-working space and library, games lounge and more.
Residents will also be able to utilise the hotel facilities, including signature bars and restaurants, as well as the potential to access the spa and wellness sections of the hotel (subject to access agreements).
Services available to residents include a concierge, 24/7 on-site resident services and security, turn down services, regular events and programs, on-site personal training and fitness services and more.
This landmark development – which is anticipated to completed in Q1 2027 – promises to set a new standard for urban living, fusing the comfort of premium residential units with the opulence and amenities of a five-star hotel.
Expression of Interest (EOI) Campaign
Exclusive agents Franklin St. invites interested parties to express their interest in this investment opportunity.
The EOI campaign for The Kavanagh will close on 20 October 2023.
“The Kavanagh represents an unparalleled chance for investors to partake in the growth story of Melbourne’s real estate landscape. With its prime location, unique design, and integration with a 5-star hotel, it offers an exceptional proposition for discerning investors.”
Edward & Jeremy Quinn, Representatives, Franklin St.
An existing planning permit is in place for a large residential scheme and is currently subject to amendment for a revised development scheme consistent with relevant policy guidelines. Revised planning approval is anticipated by early 2024.
For more details about The Kavanagh Build to Rent scheme and the EOI campaign, interested parties are encouraged to visit the Franklin St. website, or contact Edward or Jeremy at edward@franklinst.com.au and Jeremy@franklinst.com.au
