Sold $649,000 - Apartment
Samma Property Group
Samma was founded more than 25 years ago by Sam Abdelmalak, a meticulous engineer with an obsessive
attention to detail. His reputation for quality and customer service has seen the business grow steadily over
the years into a multi-billion dollar enterprise, with many major developments across Melbourne.
Today, Sam’s three sons are closely involved in running the company, overseeing every element of the planning, design and construction process. It’s a family business built on personal commitment, pride and passion.
Samma Place
Samma Place, Ivanhoe will be an architecturally exciting, master planned community set amongst elevated, leafy landscaped surrounds. Linden will be the first stage of Samma Place.
Linden
Ivanhoe is renowned for magnificent homes, beautiful tree lined streets and its leafy green environment.
The architect’s vision for Linden was to bring Ivanhoe luxury to apartment living, with timeless architecture and cascading garden terraces. It will be one of the most distinctive, landmark addresses in Ivanhoe.
The distinctive stepped design provides Linden’s luxury terrace apartments with private landscaped balconies and city skyline views.
Arriving in Style
Visitors to Linden arrive via a private sheltered driveway to a magnificent entrance, providing an immediate sense of address and arrival.
Space and Light
Every apartment at Linden has been carefully designed and positioned to provide space and natural light.
Garden apartments overlook leafy, landscaped surrounds while Linden’s Skyline apartments enjoy spectacular views towards the City, Dandenong Ranges, Kinglake National Park and Mount Macedon.
Designer Kitchens
Intelligently designed to provide abundant storage and workspace, Linden’s designer kitchens feature stone bench tops, timber flooring, European appliances and a choice of colour schemes.
Luxury Bathrooms
Superbly crafted, with prestige fittings and stone surfaces, luxuriously spacious bathrooms provide the perfect place to start and end each day.
Ivanhoe
Just 10 kms north of Melbourne CBD, bounded by the winding Yarra River and Darebin Creek, Ivanhoe is one of Melbourne’s oldest, most affluent suburbs.
Many years ago, Ivanhoe residents planted thousands of trees and built railway stations, roads, schools, hospitals, magnificent homes and buildings.
Today, Ivanhoe’s fortunate residents reap the benefits of that investment with majestic, leafy tree lined streets and access to some of the finest education, transport, dining, shopping and health facilities in the country.
Health
Linden is located in a region noted for world-class medical facilities, with a highly educated population comprising thousands of doctors and health professionals.
It’s minutes away by car from a number of major hospitals and within walking distance of the Austin Hospital, one of Australia’s leading medical research and teaching hospitals.
Austin Hospital Precinct 500 metres, 2 minutes
Warringal Private Hospital 850 metres, 3 minutes
Repatriation Hospital 750 metres, 3 minutes
Education
Linden is close to a wide variety of schools including primary schools, secondary schools and the elite Ivanhoe Grammar and Ivanhoe Girls Grammar. And you can go on to study at university without leaving home.
Leading tertiary institutions are within easy reach, including RMIT, La Trobe University, Melbourne Polytechnic and the University of Melbourne.
Ivanhoe Grammar 6 minutes
Ivanhoe Girls Grammar 5 minutes
Ivanhoe Primary School 4 minutes
La Trobe University 4 minutes
RMIT 18 minutes
Melbourne University 26 minutes
Transport
Ivanhoe’s exceptional transport infrastructure was established more than a century ago with an
extensive train, tram, bus and road network to every destination in and around Melbourne.
No matter what you want to do or where you want to go, it won’t take long. You can be in Melbourne’s Central Business District in 28 minutes, at Melbourne’s International Airport in 30 minutes or boating on the Yarra in 10.
It’s one of the best located suburbs in Melbourne.
Melbourne Airport: 30 minutes
Melbourne Central Business District: 20 minutes ,
28 minutes
Yarra Valley: 40 minutes
Studley Park Boathouse: 17 minutes
Ivanhoe Train Station: 15 minutes walk,
then 20 minutes to the CBD.
Shopping
As one of Melbourne’s most affluent suburbs, Ivanhoe is well served by an exceptional range of shops, markets and retail outlets. Samma Place is a short walk to a diverse mix of local shopping strips, with every kind of food
and grocery store. And Northland Shopping Centre, one of the country’s largest with over 300 stores, is just 7 minutes away.
Northland Shopping Centre: 7 minutes
Safeway Supermarket: 6 minutes
Warringal Shopping Centre: 5 minutes
Bell Street Shopping Precinct: 2 minutes
Sport and Recreation
Samma Place is surrounded by first class sporting facilities. Within a 5 minute drive there’s a Tennis Club, Hockey Club, Aquatic Centre, Olympic Leisure Centre and International Sports Centre, with every kind of indoor sport.
And for a more relaxing way to keep fit, Ivanhoe Golf Club is just 9 minutes away, with a spectacular golf course alongside the Yarra River.
Ivanhoe Golf Club: 9 minutes
Ivanhoe Tennis Centre: 5 minutes
Ivanhoe Aquatic Centre: 4 minutes
International Sports Centre: 8 minutes
Olympic Leisure Centre: 5 minutes
Investing in Ivanhoe
Melbourne is regularly judged to be the most livable city in the world, receiving a perfect score
for healthcare, education and infrastructure (The Economist). And Ivanhoe is undoubtedly one of the most
desirable and liveable suburbs in Melbourne – which makes it one of the most liveable suburbs
in the world. Ivanhoe’s desirability as a place to live, along with its proximity to major health and education
employment hubs, has led to significant increases in house prices.
At present however, apartment prices are very competitive in relation to house prices – at less than half the median house price. This strongly suggests that apartment prices are set for capital growth with healthy rental yields.
IVANHOE PROFILE
56% Professionals: (50% more than the average for the State of Victoria)
Average Salary: $222,205 (for ages 44-54)
Source: Urbis Quantitative Market Report
Median House Price: $1,380,000
Median Apartment Price: $645,000
INVESTMENT
La Trobe University Bundoora Campus:
40,000 students, creating 20,000 jobs
Health: 28,700 jobs in Ivanhoe Precinct.
Austin Health 9,000 employees.
Education: $5 billion investment over 10 years.
Sports: $150 million sports park.
Infrastructure: North East Link: $16.5 billion,
estimated completion 2027.
RENTAL MARKET
Rental Contracts: 29% increase 2013 to 2018
Vacancy Rate: 2%
Source: SQM research
Anticipated Rental Yield: 5% +
Additional Details
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