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The Regal – 149 Fitzroy Street, St Kilda

June 21, 2010

The Regal – 149 Fitzroy Street, St Kilda

Barry Feldman presents an annual rundown on all the activity essential for 149 Fitzroy Street owners to know. This will be updated for you and emailed out in a link every quarter.

The Regal – Situated in the eclectic Fitzroy Street, The Regal comprises 32 apartments with 4 retail tenancies. This refurbished building boasts old and new characteristics. The building consists of one and two bedroom conventional apartments, and has both retail and restaurant elements to enjoy. It is very close to public transport, local amenities and great shopping strips including Acland Street. The Regal is only a quick walk to the beach and St Kilda Foreshore.

Fitzroy Street itself is a huge of great recreational interest, with many quality restaurants, bars and a great nightlife. Click here to find out more about what you’ll discover on Fitzroy Street.

The Regal 149 Fitzroy Street, St Kilda

Rentals for Past Year:

24/149 Fitzroy Street $360 per week 1 bedroom

30/149 Fitzroy Street $400 per week 1 bedroom

27/149 Fitzroy Street $475 per week 1 bedroom

13/149 Fitzroy Street $320 per week 1 bedroom

30/149 Fitzroy Street $440 per week 1 bedroom

20/149 Fitzroy Street $340 per week 1 bedroom

22/149 Fitzroy Street $375 per week 1 bedroom

29/149 Fitzroy Street $370 per week 1 bedroom

12/149 Fitzroy Street $330 per week 1 bedroom

32/149 Fitzroy Street $430 per week 1 bedroom

18/149 Fitzroy Street $310 per week 1 bedroom

Sales in 2010:

18/149 Fitzroy Street $365,000 1 bedrooms

25/149 Fitzroy Street $340,000 1 bedroom

We will be updating sales for the past year shortly.

Body Corporate: The body corporate for this building is Property Essentials . They are a large body corporate management firm who manage many medium to high density buildings.

Amenities:149 Fitzroy Street has a thriving commercial element, including Moss Melbourne and Baker D.Chirico.

Above: Baker D. Chirico, local favourite at The Regal

Demographics:  There is a range of both long-term residents and speculative investors at 149 Fitzroy Street. The Fitzroy Street precinct of St Kilda is known as a very active ‘social zone’, and as such the tenants and owner-occupiers often enjoy the lively party vibe of the area.

Developer: St Kilda Properties

Construction Nearby Underway: Rhapsody, on St Kilda Road by Ubertas joins its sister building 505 St Kilda Road. There is also a contentious ongoing debate about the re-development of the St Kilda Triangle. Find out more about this topic by going clicking here.

Forecast for the 2010-2011 Financial Year: We envisage that continuing owner occupier interest and buying power will keep the market buoyant in St Kilda for the second half of 2010. Dependant on bank interest rates, we could experience a flattening of the market in 2010 in the plus $500,000 sector. 149 Fitzroy Street offers a unique buying opportunity in an upwardly mobile neighborhood which should cushion it from too many market fluctuations.

For further information on this, or any other property needs you may have, please contact:

Barry Feldman p) 9532 8686 or e) bfeldman@stockdaleleggo.com.au

*Stockdale and Leggo Elsternwick has gathered this information to provide an interesting document for readers and subscribers. Information contained herein is gathered from a range of sources including but not limited to; local Queensland press both virtual and hardcopy, Valuer General Information & Agents own investigations. All efforts are made to verify the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions and observations offered should not be treated as fact.

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