I am not particularly happy that a developer is building a block of flats across the road, expecially as it will breach the 'suggested' height limit of twelve metres.
It is to be built on the site of King's Cross Plaza, a useful little local for we highrisers. It has a 711, a cheap Chinese takeaway and a shoe repair/drycleaner/building remote battery replacement/clothing alteration business. There will be a retail component, but I have no idea what.
Now when I say a block of flats, it is not just any block of flats. The cheapest price for a flat will be $2.7 million plus and the dearest over $7 million. I have a feeling our place may end up being the cheapest house in the street, well not quite. But it can't do the value of our place any harm, although as I have said before, we can't eat our apartment. And the more it goes up in value, the more the council rates go up.
If you are inclined to max out your credit cards, www.401stkildaroad.com.au
Good luck with your bank.
Just noticed AFE, same developer as your abode.