The Marker | Stanley & Spencer Edition
JV Development by CDL, Lechte & Crema in the Heart of Melbourne
Minutes to CBD, Top Universities and 2 Train Station
Capitalise On Weak Aussie Dollar To Invest in Melbourne Property from A$475K (approx. $447K)
Now at Its Reversing Property Cycle
“Our intention for 512-544 Spencer Street is a self-sufficient development or one-stop-shop that services not only the needs of its own residents, but anticipates the needs of West Melbourne’s expanding population,” Lechte director Christopher Paul said.
Price Guide
1Br 50~59.5 sqm fr A$475K
2Br 70.5~90 sqm fr A$695K
3Br 89~121 sqm A$980
Mins’ walk to North Melbourne & Flagstaff Train stations
900m walk to Melbourne CBD
Mins to Top Universities like Melbourne University and RMIT University
Potential rental yield of 4.58% p.a. In Melbourne (Source: Domain)
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The Marker Melbourne
DEFINING THE NEW WEST MELBOURNE
Project Detail
| Type | Descriptions |
| Project Name | The Marker Melbourne (Stanley & Spencer Edition) |
| Developer Name | Spencer West Melbourne Pty Ltd (JV : City Developments Limited / Lechte Corporation / Crema) |
| Location | 512 – 544 Spencer St, West Melbourne VIC 3003, Australia |
| Tenure of Land | Freehold (Foreigners Eligible) |
| Expected Date of Completion (T.O.P.) | Q2, 2021 |
| Site area | 4246 sqm |
| Total No. of Units | 195 (Residential) 5 (Commercial) |
| Car Park Lots | 280 lots |
The Marker (Stanley & Spencer Edition) is a mixed use development by joint venture patrners City Development Limited, Lechte Corporation and Crema Group, located in the heart of the West Melbourne Structure Plan within the central Spencer precinct. The eight-storey development will be part of a revitalised western city fringe which will transform Spencer Street into a leafy boulevard and see an extension of tram lines along with the addition of cafes and retailers. The development’s location will benefit from arterial road links to Melbourne’s CBD and North Melbourne, surrounded by a mix of commercial, industrial and residential uses within low to medium-scale development.
The eight-storey development will be part of a revitalised western city fringe which will transform Spencer Street into a leafy boulevard and see an extension of tram lines along with the addition of cafes and retailers. The 4,246sq m site is located in the heart of the West Melbourne Structure Plan within the central Spencer precinct. It is currently home to Rose Office furniture.
Comprising 195 Residential Apartments (with a mix of 1 to 3 Bedroom) and 5 Retail spaces, The Marker also feature a 1,350sq m of landscaped space, an internal courtyard, a new laneway off Spencer Street and a 2,100 sqm supermarket with ALDI, a German supermarket chain as the anchor tenant. Creating an energetic street presence, the full-line supermarket, ground level specialty retailers and cafes deliver the ultimate convenience.
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Why Invest In The Marker Melbourne?
- Current Aussie Dollar weakness open great opportunity to invest in Melbourne, Most Liveable City at much lower cost.
- Low downpayment – 10% to secure a unit and balance 90% upon completion
- First JV Development by reputed CDL (Singpaore Listed Developer), Lechte and Crema Group in the Heart of Melbourn
- Located in fast growth precincts under the West Melbourne Restructure Plan.
- Doorstep access to essential amenities – Spencer Street, a local high street with retail shops, cafe and restuarants.
- Well connected – minutes walk to North Melbourne and Flagstaff Train Stations.
- Close proximity to Melbourne CBD (within 7 mins drive).
- Close proximity to Top Universities – Melburne University, RMIT and many other City Campuses.
- Potential High Rental Yield of 4.58% per annum in Melbournce (source: Domain).
- Attractively price from $475K for a 1 Bedroom apartment with deferred payment.
The Marker Melbourne Location Map
The Marker (Stanley & Spencer Edition) development is located at Spencer Street in the Spencer Precinct, one of the five precincts, that is in the midst of transformation to a genuine 20-minute liveable neighbour, identified under the West Melbourne Structure Plan using a placed-based approach. The other four precincts identifed are Flagstaff, Adderley, Station Precinct and Historic Hilltop, each with their own unique character and qualities. The West Melbourne Structure Plan will ensure the area’s unique character and heritage are retained as it evolves into one of Melbourne’s distinct inner urban neighbourhoods.
The Spencer Street, as the spine of the whole precinct, is made up of several shops, offices, and local pubs and is set to become the boulevard of mixed uses, including shops, cafes and restaurants; local businesses, public realm design for pedestrians, cyclists and public transport.
The Marker is well served by ease of access to Amenities and Connectivity.
- Daily Essentials | Supermarket, Butique Retail, Cafe Eateries, Wellness & Beauty Services at ground floor.
- Travel | The development is just about 9 minutes (650m) from North Melbourne Station as well as 11 minutes to Melbourne City Tram Line (850m).
- Education | It is also close proximity to Australia’s highest ranking University, The University of Melbourne (1.5km), RMIT (1.4km) and Victoria University (1.7km).
- Work | The Marker is close to established employment precincts, incldue the Hoddle Grid, CBD (900m), Parkbille’s Medical and Research Centres (1.3km) and the Docklands (1.2km).
- Lifestyle Shopping | In terms of lifestyle shopping needs, the development is a short travel to Errol Street (350m), Queen Victoria Market (700m) and Bourke Street (1.5km).
Superb location is expected to attract strong tenant pool arise from job growth due to the rejunevation of the 5 precincts under West Melbourne Structure Plan.
The Marker Melbourne Site Map
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The Marker Melbourne Facilities
The Marker Melbourne Floor Plan
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The Marker Melbourne Unit Mix
- Ceiling Height: 2.7m – lower in other areas of the apartment to contain services.
- Air Conditioning:Reverse cycle heating and cooling
- 1 bedroom apartment features this in the main living area
- 2 bedroom apartment features this in the main living area and master bedroom
- 3 bedroom apartment features this in the main living area and master bedroom Kitchen Appliances:
- Kitchen top: Stone bench tops.
- Provision: Gas cooktop, rangehood, integrated dishwasher, oven, pull-out bin. Fridge, washer and dryer are not provided (only space provision).
The Marker Melbourne Price Guide / Sales Package
1Br 50~59.5 sqm fr A$475K
2Br 70.5~90 sqm fr A$695K
3Br 89~121 sqm A$980
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(+65) 83668799
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The Marker Melbourne Booking Process
Other Costs upon completion /Settlement:
- Stamp Duty: Up to 5.5%
- Foreign Investor: 8%
The Marker Melbourne Interior Design / Gallery
Spear-headed by an international interior design studio and inspired by the unique architectural facade that envelopes the development, the interior exemplify the essence of soft form, textural layering and light play. Across a diverse range of studio, 1, 2 and 3 Bedroom configurations, flowing layout combine wordly comforts with a lavish approach to materiality and detail.
The apartment will have a 2.7m ceiling height, lower in other area to contain services. The room ambient is conditioned thru recycle heating and cooling. The kitchen will be fitted with Gas cooktop, rangehood, integrated dishwasher, oven and pull-out bin. Kitchen appliances such as integrated fridge, Washer/Dryer and TV Media Cabinet can be fitted at an additional cost.
The Marker Melbourne Developer
Lechte Corporation
Lechte Corporation delivers global investment strength and an in-depth, locaised understanding of property development opportunities. As one of Melbourne’s leading, family pwned, residential and commercial deelopers, the company uses market foresight, capital strength and industry experience to deliver unparalled lifestyle opportunities. A firm insistence on the very best partners, suppliers and practives has made Lechte a respected name in a competitive industry.
Crema
With a commitment to quality, we’re passionate about delivering exceptional outcomes. Crema is a diversified property development and construction business tha has been operating in Melbourne since 1951. A multi-generational family business, over seven decades, we have developed long-lasting relationships with customers, clients, partners and key industry stakeholders. Company strength comes from vertically integrated business model across property development and construction which gives us a high level of control over the building process, ensuring highest level of conrol over the building process, ensuring the highest level of quality assurance. Recently property developments have included The Eminence in Carlton, Derby Place un Kew and The Eighth in South Melbourne.
Plus Achitecture
Plus Architecture are an award-winning International practice of architecs, master plaaners and interior deisgners. For two decades, Plus has been busy delivering extraordinary landmark projects across Australia and New Zealand. As industry leaders, Plus Architecture prides itself on balancing innovation and commercial success, constantly reaching the highest level of design excellence. Plus continues to forge new territory thruogh community-responsive, energy-efficient, beautiful designs which are crafted around the habits and lifestyles of real people.
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Contact/ Register Your Interest
The Marker @Melbourne VVIP Booking & Discounts
The Marker @Melbourne VVIP Pre-launch Priority Unit Selection
The Marker @Melbourne Updated Information
The Marker @Melbourne Floor Plans
The Marker @Melbourne Price list / Pricing
The Marker @Melbourne Location Map
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