LINDEN – IVANHEO

LINDEN – IVANHEO
103A/87-131, Bell Street, Ivanhoe, VIC, 3079, Australia
For Sale $459,000 - Apartment
75.00 m2 1 Bedroom 1 Bathroom 1 Garage

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.

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% +

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Kylie Lok