Savills News

First of its kind in sustainable living – The Fern apartments

A brand new boutique apartment building in the heart of Alexandria has been recognised at the Australian Green Smart Awards 2019 for its achievement in sustainable building. 

The Fern Development, located at 7 Wyndham Street, Alexandria was the winner of the HIA Australian GreenSmart Professional and the HIA Australian GreenSmart Multi Dwelling Development. The Fern was also a finalist in the HIA Australian GreenSmart Energy Efficiency category.

Comprising 11 x 1 bedroom eco-friendly brand new apartments, all are fully furnished with high end finishes and span over six (6) levels, including basement storage and bike parking. Each high end apartment has balcony/garden space and basement storage.

For sale exclusively through Tom Tuxworth, David Hickey and Nick Tuxworth of Savills Metropolitan & Regional Sales and Paul Langsam and Peter Starr of Raine & Horne Double Bay, the property offers investors flexibility to lease individually to serviced apartment operators or boutique hotel operators.

The development proudly utilises the ‘Passivhaus’ Sustainability Standard, an intricate scientific method of constructing high comfort, low energy homes of the future with the following features:

  • Heat Recovery Ventilation providing fresh filtered air 24/7. Occupants will enjoy dust and pollution free living with “Goldilocks” temperatures all year round
  • Energy Consumption – uses 10% of the heating and cooling energy of the average house
  • Insulation – slows heat transfer which keeps apartments cool in summer and warm in winter
  • Triple glazed doors and windows throughout, fitted with premium German hardware

The development sits on a 236sq m* site, with an internal building area of 626sq m*, external area of 107sq m* and has a 46sq m* basement.

According to Tom Tuxworth, State Director - NSW, Metropolitan & Regional Sales at Savills Australia, this newly completed full concrete multi-residential development is setting a new benchmark for comfort, quality and energy efficiency.

“The German Passivhaus standard is by far the most impressive eco-friendly model that the Australian residential market has seen in some time, if ever.

“Each unit benefits from ultra-premium finishes and fittings with high quality interior (natural Carrara marble kitchens and bathrooms with natural walnut veneer cabinetry and state of the art Smeg appliances.

“Not to mention the significant depreciation tax benefits, the low forecast energy utility outgoings due to an energy efficient design and large solar power system as well as hot water from electric heat pumps which run on solar power. This is a once in a lifetime opportunity and this development will set the trend in sustainable living for years to come” he said.

The property is located just around the corner from Regent Street / Botany Road which is home to popular cafes and restaurants as well as multiple independent and national retailers such as IGA and The DEA Store.

Alexandria has experienced rapid gentrification in line with its desirable City Fringe location, seeing the emergence of new supermarkets, retail, sporting facilities, parks and a thriving bar and café culture. According to ABS Census Data (2016), the population of Alexandria has an average annual household income 63.6% higher than the New South Wales average, which demonstrates why there has been strong demand for premium residential assets of this quality.

Redfern Train Station is only a short walking distance from the property (400 metres*) and numerous bus routes serve Wyndham Street and the wider Alexandria & Redfern area. Wyndham Street benefits from leafy tree-lined streets combined with a range of parks and green open spaces including Australian Technology Park.

According to Paul Langsam, Associate Director at Raine & Horne, “The property boasts superior views over Daniel Dawson Park and Australian Technology Park, and is situated only 100m* away from a wide range of cafes, restaurants and bars in the bustling city fringe.

“These enviable views over Daniel Dawson Park further reinforce this property’s position as being in one of the most sought after residential locations in Alexandria” he said.

Upon completion in 2020, the Mirvac owned Australian Technology Park precinct will house CBA and Atlassian - bringing a total of 18,000* new workers to the site.

The Fern Apartment Block Configuration:

  • 2 x 1 bedroom dual level garden apartments
  • 1 x 1 bedroom + study
  • 4 x 1 bedroom + loggia
  • 4 x 1 bedroom units’ dual level + study and balcony

The property is offered for sale by Expressions of Interest. Prospective Purchasers are invited to submit an ‘Expression of Interest’ no later than 2pm Wednesday, 16 October 2019 to Savills NSW Metropolitan & Regional Sales Team & Raine & Horne Double Bay.

*Approximate

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