COMPLETE AND READY TO OCCUPY
Set seamlessly into idyllic, leafy surrounds Alcove is your own personal sanctuary. A community of 300 luxury apartments spread over an expansive 22,000 m², Alcove is a tree-lined development with lush, landscaped gardens and broad stretches of beautifully manicured lawn. Alcove is perfectly positioned to allow you to take advantage of the many high quality, prestigious primary, secondary and tertiary schools in the area. This private domain is well serviced, with major transport routes and a wealth of fine retail and recreational opportunities nearby.
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ONLY ONE REMAINING, 1 bath, 1 carspace, storage
|1 bedroom + study
1.5 bath, 1 car space
2 bath, 1 carspace
|$660,000 - $770,000|
|2 bedroom + study
with storage, 1 carspace
|$720,000 - $755,000|
with terrace, 2 car spaces, storage
|PROPERTY TYPE||$ PER WEEK|
1 bath, 1 car space
2 bath, 1 car space
maisonette, 2 bath, 1 car space
|2 bedroom + study
2 bath, 1 car space
4.5% VENDOR FINANCE* available
- fixed for 2 years with up to 90% lend
Investors: Guaranteed tenant on settlement
Meriton has perfected the freedom and comfort of open plan living and Alcove is an outstanding example of this distinct style.
Choose from opulent one, two and three bedroom designs, many with additional studies the size of bedrooms. The two level apartments have been designed to provide cross flow ventilation, bringing naturally cool relief in summer months. Apartments on the top levels enjoy large terraces and expansive views of the surrounding district. Ground floor apartments feature large courtyards. Full length windows are a key architectural feature in all apartments.
Alcove features the highest quality finishes and fixtures. Functional and stylish, the kitchens have been designed to make life easier with expansive, easy to maintain stone bench tops, high quality stainless steel ovens, gas cooktops, microwaves and integrated dishwashers.
Stylish bathrooms and ensuites gleam with floor to ceiling tiles, chrome fittings and frameless glass showers. The basins and toilets are of the most current wall-mounted designs with concealed flushes.
Bedrooms and living areas are complete with reverse-cycle split system air conditioning. Provisions are in place for pay TV and high speed internet access. Many of the apartments have been designed with bedrooms on either side of the living area, so residents can take maximum advantage of the peace and privacy the Alcove lifestyle offers.
Outdoor entertaining areas with semi-frameless glass balconies afford residents sweeping views of the spacious landscaped gardens; a welcome addition to the famed greenery of St Ives. All apartments come with secure undercover parking with direct lift access.
In 1937 the award winning College of St Pius X opened in St Ives. At the time the monastery building was revolutionary. It broke with Gothic architecture, traditionally associated with ecclesiastical buildings, and introduced architectural features of the Renaissance style including round-headed windows, doorways and a high, tower-like porch.
Seventy years later this north shore landmark is about to undergo a Renaissance of its own as the magnificently restored centrepiece of Alcove.
The original building remains a place for peace and introspection, housing many of the facilities that will make life at Alcove so enjoyable. With a heated indoor pool, spa, sauna and fully equipped gym, our architects have ensured the original vision of Alcove as a retreat, has been maintained.
The open, spacious landscaped grounds set Alcove apart from neighbouring homes, so you’ll be assured of a peaceful and safe environment.
Soft exterior tones of beige and light browns are a perfect match with the surrounding nature while a contrasting feature colour will complement the red brick of the monastery.
The uppermost level of each apartment building is set back, with wide eaves to create floating roofs giving the complex a light, contemporary feel. Many apartments enjoy Northerly aspects, basking in the abundant dual and tri-aspects of natural light. Pergolas, louvres and sunshades on the exterior provide personal climate control to each home.
At Alcove you can live a relaxed lifestyle, free of maintenance and upkeep. Residents can rest easy, with the protection of intercom systems, video surveillance, secure entry points and an onsite building manager. The manicured gardens and lawns are well maintained and the complex also boasts secure undercover parking and storage, with generous visitor parking for your guests.
Just 18km from the CBD and nestled between wide swathes of national parkland St Ives is unique, known for its leafy boulevards and sophisticated lifestyle; sheltered from the urban bustle, yet close enough to enjoy all the city has to offer. Sydney’s famous northern beaches, from Manly to Newport, with their sun bleached sand and crystal clear waters are minutes away. Golf courses are nearby at Pymble, Turramurra and Terrey Hills. Sports and recreation centres are in easy reach as is the St Ives Showground, famous as Sydney’s premier horse riding facility.
Those with a love of shopping have a vast choice of destinations, including St Ives Shopping Village, Gordon shopping arcades, and Chatswood’s fashion mecca.
Alcove has immediate access to Mona Vale Road, the main arterial for the region and is a few moments stroll from the many retail and recreational hotspots and renowned schools of the area. Gordon and Pymble train stations are a few minutes drive or bus ride away, providing a fast route to the CBD and many other areas of Sydney. St Ives is well serviced by a range of bus services. The CBD, North Sydney, Chatswood, Hornsby, Northern Beaches are all within easy reach.
Recreation / Corporate / Retail:
Over the last 5 years, Meriton developments have become a prominent part of the prestigious suburb of St Ives, having built over 300 residential apartments while managing many of these. Meriton’s confidence in the area has been justified by strong capital growth and solid rental returns. Meriton has seen a sharp increase in rents, which will continue to rise now and in the long term as Sydney is faced with major undersupply issues. Sydney’s record low vacancy rates also guarantee a high demand especially in sought after areas like St Ives that offer residents so much.
Investors will also be rewarded by the large depreciation benefits available, maximised when purchasing a brand new apartment. Meriton’s expert leasing team will ensure your apartment is tenanted upon settlement, earning you guaranteed rental income from day one.
September 2009 median apartment rent $455 per week
September 2010 median apartment rent $520 per week
March 2011 median apartment rent $550 per week
= Rental increase of 20% in approx 24 months
Meriton's Loralea Gardens Development, St Ives:
September 2009 rent 2 bedroom $500 per week
May 2011 rent 2 bedroom $580 per week
= Rental increase of 15% in approx 24 months
Property prices over the past 10 years have also had strong capital gains in excess of 70%.
Working closely with councils, government and suppliers, Meriton is proud to offer luxury apartment living with a minimal carbon footprint. You’ll enjoy reduced expenses and a sense of satisfaction, knowing you’re doing your bit for our environment.
Alcove is a BASIX and NatHERS approved building featuring these ecologically sustainable elements:
Rainwater is collected to water Alcove’s common and private gardens, as well as the on-site car washing bays.
All apartments have:
These water saving initiatives represent a 40%* reduction in water use, therefore significantly reducing your water bills and strata levies.
These efforts reduce your greenhouse gas emissions; saving 27%^ between your gas bills, electricity bills and strata levies.
Alcove has a 5.5 star average thermal comfort rating, well above current standards to improve indoor comfort and reduce reliance on air-conditioning.
Rest assured, your Alcove apartment will be in harmony with the environment.