Wake up in Manhattan

Cnr Akuna & Bunda Sts
Canberra City

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Construction of this iconic development is progressing well - a stunning addition to the Canberra City skyline





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Independent Property Group Sales Pty Ltd as agent for the owner advise that the information set out herein is for guidance of purchasers only and does not constitute an offer or contract. Any intending purchaser should not rely on information contained herein as a statement or representation of fact, but is advised to make their own enquiries and satisfy themselves in all respects. IPG Sales Pty Ltd and the owner intend by this statement to exclude liability for all information contained herein. Artwork and plans are artist's impressions only and are not to be relied upon as a definitive reference. Plans and inclusions may be subject to change during construction. All artwork and plans are copyrighted for exclusive use by IPG Sales Pty Ltd. Plans may not be drawn to scale. Independent Property Group Sales Pty. Ltd. Lic. Agent, Ground Floor, 91 Northbourne Ave, Turner ACT 2612. Min EER5.
The Project
  • Concept
  • Overview
  • Location
  • Development Features
  • Architecture
  • Interior Design
  • About the Developer

Concept

The creators of Manhattan have been offered a truly special place. Seizing the opportunity to offer premium apartment living in the heart of Canberra's city, they have created a signature building which makes the most of its spectacular location.

Standing across the street from Glebe Park, Manhattan will come to be regarded as the City's premier residential address. The majority of its apartments offer sweeping uninterrupted views across Glebe Park and towards Mount Ainslie. Those on the higher floors take in stunning vistas in all directions - across the city skyline, south onto Lake Burley Griffin and out to the peaks of the Brindabella ranges.

Back at ground level, residents are surrounded by Canberra's greatest variety of retail, entertainment and employment options. For the lucky few who make the City their home, Manhattan represents the ultimate in urban lifestyle potential.

Concept

The creators of Manhattan have been offered a truly special place. Seizing the opportunity to offer premium apartment living in the heart of Canberra's city, they have created a signature building which makes the most of its spectacular location.

Standing across the street from Glebe Park, Manhattan will come to be regarded as the City's premier residential address. The majority of its apartments offer sweeping uninterrupted views across Glebe Park and towards Mount Ainslie. Those on the higher floors take in stunning vistas in all directions - across the city skyline, south onto Lake Burley Griffin and out to the peaks of the Brindabella ranges.

Back at ground level, residents are surrounded by Canberra's greatest variety of retail, entertainment and employment options. For the lucky few who make the City their home, Manhattan represents the ultimate in urban lifestyle potential.

Overview

Sitting at the intersection of Akuna, Binara and Bunda streets, Manhattan brilliantly capitalises on its location in Canberra's CBD.

With 330 quality apartments available, you can choose from a range of spacious 1 and 2-bedroom designs. A small number of 3-bedroom luxury penthouses on the top floor are also on offer for the discerning buyer.

Presenting the perfect lifestyle choice for the city-based professional and tremendous investment potential, Manhattan has been designed to fit its high profile location as an icon to quality and style.

Location

In Manhattan, the best of city living spreads out in every direction. Directly adjacent to the east is historic Glebe Park - Canberra's oldest and most beautiful city park. Whether it's an explosion of colour in autumn or a sanctuary from the heat of summer, Glebe Park always has something special to offer those who soak up its regenerating atmosphere.

Across the road to the north, the capital's largest selection of premium shopping spreads out across the Canberra Centre and City Walk. A fantastic range of retail, numerous cafés and restaurants, Dendy Cinemas and many other attractions are just steps away. Just a short stroll down the street to the west, the Canberra Theatre Centre, Museum and Gallery offer an ever-changing menu of entertainment to dazzle the senses... from Broadway's finest to the best of Australian theatre, music and visual art.

There are further entertainment options to the south at Casino Canberra. Blockbuster shows regularly feature at the Royal Theatre in the Convention Centre and of course the beautiful foreshore of Lake Burley Griffin is only a short walk from the thriving urban heart of the capital.

Development Features

Manhattan's delectable mix of 1, 2 and 3 bedroom apartments offers something for any lifestyle choice, with magnificent views to match the building's premier location. The majority overlook a beautifully landscaped podium courtyard, effectively raising Manhattan's homes three levels above the street. A small number of 2-storey apartments - in both 1 and 2 bedroom designs - are situated below the podium and face directly onto Binara Street, for those who desire a more direct engagement with city living.

Manhattan residents are able to observe the hustle and bustle of city life from their own private balcony, while taking a dip in the courtyard's pool or from the fully-equipped gymnasium. Restricted lift access to the apartments is provided from the elegant lobby and basement car park.

Architecture

Manhattan's superb location demanded the best in architectural design and generated much competition. World renowned architects have met the challenge of making the most of the site, creating a grand structure to fit the prime inner city space.

While offering a high level of amenity for its residents, Manhattan makes the most of its height, Glebe Park frontage and north/easterly aspect. The latest in energy efficient design practices have been utilised without compromise to the quality of construction or distinct sense of style. With a sweeping driveway and entry lobby - finished with artistic touches and designer décor - Manhattan is set to become one of Canberra's finest residential establishments and a source of pride to owners and tenants alike.

Interior Design

Manhattan's premium apartments have been fittingly appointed and designed for ease of living. These elegant spaces have been given a chic modern décor that will always look fresh and vibrant.

Completed to the highest standards required by Canberra's trusted premium apartment developer, the quality interior finishes at Manhattan are a perfect match for the perfect location.

Features include:
  • Intercom access to all apartments
  • CCTV system at the main building entry & car park entry/exit
  • Bosch stainless steel kitchen appliances, including microwave
  • Designer bathroom fittings
  • Fisher & Paykel washing machine & dryer
  • Ducted air-conditioning to living area and bedrooms
  • Category 5 cabling to enable broadband access

About the Developer

Amalgamated Property Group (APG) is one of Australia's most respected property corporations with a portfolio in excess of $1.2 billion of prestige residential and commercial office projects recently completed, underway or in the planning phase.

This Canberra-based developer has set new benchmarks for inner-city lifestyle developments with Brisbane's tallest residential building, 'Aurora' - and more recently with 'Glebe Park Residences', 188 prestigious apartments and commercial space on the fringe of historic Glebe Park within the Canberra CBD. Other recent projects in the APG portfolio include the Gold Coast's 'Sierra Grand' and 'The Metropolitan' in Canberra.

With over eighty years of collective experience in the APG team and a proven track record for excellence, 'Manhattan' will undoubtedly set an exciting new standard of residential apartment living for Canberra City.
The Lifestyle
  • The City Professional
  • The Home Body
  • The Entertainer
  • The Outdoors Fan
  • The Socialite
  • The Foodie
  • The Culture Vulture
  • The Night Owl

Lifestyle

Manhattan in Canberra City is made for people from all walks of life. This grand apartment building will not only house a diverse community of residents, but will become an exit point to the best of city living. Whoever you are, whatever your story - the Manhattan lifestyle is right for you.

The City Professional

Your day starts early and your mind is racing even before you've had the chance to grab a bite to eat. It only takes a quick glance at your diary to realise that your day is packed as usual. You hit the phone, answer dozens of emails, and before you know it you've got another busy day under your belt. And you'll do it all again bright and early tomorrow, because that's how you get things done. For a hard-working professional, life is so much easier at Manhattan.

The Home Body

Your home is your oasis, the centre of life and a source of pride. There's nothing like the peace and comfort of your own lounge. Family and friends love to visit you in your beautifully decorated apartment, not least because you make them feel so at home as well. You're the consummate host and you know there are good reasons why visitors are so often impressed. With all the shops and facilities inside and around, you'll love making your home at Manhattan.

The Entertainer

The weekend has arrived and it is your time to shine. Whether it's for Friday night drinks, a gourmet dinner or a Sunday barbecue, you love having people over. And they love visiting your beautiful apartment because you entertain with energy and style and easily become the soul of any party. No one ever leaves your place without a smile on their face. Whomever or whenever you're hosting, a Manhattan apartment is the perfect place to impress.

The Outdoors Fan

Can't live without your morning jog or just love the scent of spring in the air? You like long walks in the park and plenty of sunshine on your face. When the weather is great you can't wait to get outside – and the more there is happening out there, the better. You believe life wasn't meant to be lived within four walls. With so much to do all around, there's plenty to keep you occupied outdoors.

The Socialite

You're a bit of a fashion devotee, you dress to impress and you make friends easily. You're always surrounded by people, always on the phone, always in the middle of a conversation. Not just a great talker, but also a great listener. Your social calendar is packed and you're something of a regular on Canberra's café and restaurant scene. So why not surround yourself with the best the City has to offer? The Manhattan lifestyle beckons.

The Foodie

You've just woken up but already breakfast is your priority and today's menu is on your mind. You get lost in the world of scents and flavours and you love checking out Canberra's impressive restaurant scene. You think a spacious, modern kitchen is one of life's essentials and rarely prepare a meal which goes without compliment. You make time and put effort into hunting for the freshest ingredients, scouring for the latest delicacies, tasting new season wines and preparing mouth-watering delights for family and friends. Whether you're dining in or out tonight, it's a real treat when you live at Manhattan.

The Culture Vulture

You are perennially seeking nourishment for the soul. You believe art to be humanity's greatest achievement and are a patron of many of its forms. Whether it's literature, film, music or painting, you stay on top of the latest releases and hungrily devour it all. You can't stand to miss a major performance or event and surround yourself with beautiful and thought-provoking creations. It's easy to immerse yourself in culture when living at Manhattan.

The Night Owl

Saturday nights usually find you out and about. It's the night you like to see and be seen, to kick up your heels or take them out onto the dance floor. You just love the nightlife – the glitter of lights, the clinking of glasses, the vibe of a great venue and that special atmosphere which sets in when the sun goes down. Tonight it might be a gourmet meal, a movie date or drinks at your favourite bar. Whatever the choice, you're ready to hit the town, and the town is all around you at Manhattan.
The Investment
  • Secure Rental Income
  • The Capital for Growth
  • Canberra - Australia's best kept secret?
  • Stacking up the numbers

Safety In Numbers

An investment in Manhattan on the Park is an investment in what can only be described as Canberra's most central real estate location - within the City Centre, overlooking and adjacent to Canberra's own 'Central Park' - a park which has always been as much a part of the City as the buildings within it.

99% occupancy = secure rental income

Manhattan on the Park offers investors a choice of designs that will appeal to the young and young at heart, whether they choose to rent an apartment for a short stay or for the longer term. The idyllic location, quality of design and standard of construction provides a solid assurance for consistent and strong rental returns. Investors can take comfort in Canberra's tight rental market, and the knowledge that new Inner City apartments are amongst the most desired rental properties. The widely reported shortages of rental accommodation and ongoing shortfall of dwellings under construction suggests Canberra's rental market will be challenging for tenants for some time to come and therefore creates a great opportunity for property investors.

Independent Property Group manages Canberra's largest rental portfolio. Their vacancy rate throughout 2010 averaged less than 1%, which is well below what is considered to be a balanced rental market at 3%. Your Independent sales representative can prepare, with your input, a detailed and personalised investment cash flow analysis, which you can then discuss with your financial advisor or accountant.

8% Average growth each year = the capital for growth

Investors at Manhattan on the Park should also benefit from consistent capital growth in the future – based on Canberra's historic median value growth – which has seen the median value of residential property double on average every 10 years*, averaging an 8% per annum or better growth rate to do so, even before consideration of rental income returns. If average property has achieved such growth rates, then by logic, better than average property should generate better than average returns. Canberra's continual expansion at the fringes in the new suburbs of Gungahlin and Molonglo Valley can only add further appeal to the most central of locations, and Manhattan on The Park at its epicentre.
* Source: REIA Market Facts

Canberra - Australia's best kept secret?

Canberra is unique within Australian cities. A centralised planning system and government allows close monitoring of the supply of property and limits the possibility of a future oversupply. Canberra also benefits from Australia's highest average incomes and highest rates of education. Canberra has the highest proportion of professional and office workers of any city in Australia, and the highest proportion of financially independent women.*1

Just 25 years ago, Canberra had very little in the way of suitable accommodation for this highly educated, well paid demographic, simply because almost every suburb in Canberra offered normal residential homes on large blocks and not much else. Yet it is dominated by a demographic who prefer the convenience of apartment living and can afford to pay for it. While Sydney and Melbourne were established around high density city centres where higher density living has been a part of the residential landscape for over 100 years, Canberra has been a very late comer to apartment living. Consequently there still remains a significant untapped potential for an increase in apartment numbers, a reality made clear by the very tight supply of apartments on the rental market, and rental returns which at times exceeded those for larger homes in the suburbs.*2 Manhattan on the Park will offer those lucky enough to secure an apartment the living choice that suits their professional lifestyle.
*1 source: ABS 2006 census, ABS Nov 2010 wage report

*2 source: REIA market facts July- September quarter 2010

Stacking up the numbers

Capital growth which has on average doubled property values every 10 years, a very tight rental market and a fantastic building in a superb heart of the city location. It all looks promising. If you are considering an investment in Manhattan on the Park, you will want to see the historic data. You will want to be confident the rental market is what we say it is, and you will also want to know that the developer is a reputable one - one you can place your investment faith in.

In order to assist you with Manhattan on the Park, we will be happy to provide any information that is available to support these important factors and provide you with the confidence you need to invest in this landmark development.

We recommend all investors discuss their investment choices with a suitably qualified advisor before making a commitment to purchase an apartment at Manhattan on the Park.
The Specs