12 Queens Road
PDA is pleased to announce the recent purchase of 12 Queens Rd, Melbourne.
This was an off-market transaction undertaken by PDA on behalf of our client. The opportunity to purchase the site arose through PDA’s property industry networks & experience.
Having undertaken a detailed review of the local market conditions, site planning opportunities & constraints, & negotiations with the vendor’s agent, PDA proceeded to produce a high level feasibility analysis report which ultimately identified the future financial and built form potential for the site.
Using this analysis our client was able to make the decision to proceed with the property purchase. PDA spent the latter half of last year engaging and working with a design team to produce detailed design documents which were included in the town planning application lodged with council at the end of the year.
A Planning Permit was received in early July 2014 for a 20 level apartment tower with 235 apartments. The development will comprise ground floor and rooftop amenities, a swimming pool, gymnasium & residents lounge.
Further details will be available shortly.
with Italian Kitchens