Arbour apartments in former Footscray Beaurepaire tyre site to be released this weekend

The Arbour apartments in Cedar Woods’ Banbury Village in Footscray - aimed at first home buyers and investors - are to be released to the public this weekend.

Located in the former Beaurepaire tyre site, Arbour apartments will include 38 one- and two-bedroom apartments only 6.5 kilometres from the Melbourne CBD.

“Banbury Village is the ideal blend of varied product types set within an integrated community and located just 6.5 km from Melbourne’s CBD and opposite the West Footscray railway station,” says Nathan Blackburne Victorian state manager for Cedar Woods.

“Previous stage releases have been met with a great deal of success and with the competitive price points for Arbour, we’re anticipating good demand,” says Blackburne.

The previous 17 releases of attached, semi-detached and fully detached homes, consisting of 215 homes have all been snapped up, including two heritage apartment releases of 55 apartments also selling out.

One-bedroom apartments range internally from 39 square metres to 44 square metres and are priced from $293,000 to $305,000.

Two-bedroom apartments range internally from 58 square metres to 76 square metres and range in price $395,000 to $449,000.

Upon completion, Banbury Village will consist of approximately 430 dwellings.

The Olympic Tyre and Rubber Co began in 1933 by Sir Frank Beaurepaire and expanded in 1939 to include an administration building and large banbury machines - the banburies remain on the site today.

Arbour apartments will be released to the public on October 19 with an estimated construction commencement in March 2014.