Find out the reason buyers are snapping up the final apartments in the nearly completed One Coburg Quarter
One Coburg Quarter is set to be the newest sought-after address in the North Melbourne suburb when it is completed in a few months.
The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a limited number of its one and two bedroom apartments left, with residents moving in in May after a three and a half year build.
One of the most unique elements of One Coburg Quarter is that it incorporates the bluestone walls which were once part of the Pentridge Prison which once sat on the site.
Her Majesty's Prison Pentridge was an Australian prison that was first established in 1851 and was closed in 1997. One Coburg Quarter developer Future Estate bought site for $4 million in 2014 and sold it for $12.8 million in 2017. Future Estate retain a further 4.2 hectares which is part of their masterplan mixed-use community hub.
There are 148 one and two bedroom apartments across the eight-level tower, starting from $351,000 for a 50 sqm one bedder with a storage cage.
The bigger one bedroom apartments, closer to 60 sqm, start from $469,000 with their own parking spots.
The two bedroom apartments, with 65 sqm of internal space, are priced from $541,000 with one bathroom, parking and a storage cage.
There are only five of the biggest two bedroom apartments left, with prices starting from $629,999.
Each apartment features a gas kitchen with stone benches, European stainless steel appliances and Matt black tapware.
Residents of One Coburg Quarter will have access to a residents’ bar and lounge with a stone wall built-in fireplace, a kitchen and a library, as well as a sky garden with a barbecue, seating and city views on the top level.