Sydney property fund manager WINIM has been given the green light to develop 17 luxury owner-occupier terraces at prime site at 37-43a Garland Road, Naremburn. The project is the group’s third residential development now underway on the city’s prestigious Lower North Shore.
WINIM Joint Managing Director Josh Leahy said the group had received development approval from Willoughby Council to develop 17 generously-sized three and four bedroom terrace residences, delivering much needed premium product to the highly sought after suburb.
Featuring striking, contemporary designs by Rothelowman, WINIM’s Naremburn project builds on the group’s existing stable of premium, boutique North Shore holdings – carefully chosen, strategically located, high end properties including OTTO Cremorne and The Terraces Willoughby.
“Sydney’s Lower North Shore is a key part of our residential strategy to develop premium, bespoke, well-conceived owner-occupier projects featuring exceptional design, located in prime tightly held pockets such as Naremburn,” Mr Leahy said.
“As our third residential project to get underway on the Lower North Shore, Naremburn is a significant landmark project which will greatly contribute to the undersupply of premium owner-occupier dwellings in the suburb.”
“These terraces are extremely generous in size with house-like proportions, direct internal access to basement car parking and additional multi-purpose rooms. All have north facing aspects, large external areas and gardens, and immediate access to Bicentennial Reserve. The bus stop at the end of the street offers an express non-stop service to the CBD.” Mr Leahy said the residences will be highly sought after by families, resizers or those looking for a luxury house-size property with minimal maintenance and state of the art finishes.
“Naremburn confirms our ongoing commitment to the local Lower North Shore market and represents an opportunity for WINIM to continue creating high quality, low rise residential developments that fit within our strategy and the suburban fabric of this area.”
“While much is uncertain right now, our strategy and focus is on the enduring strength of the Lower North Shore property market as astute owner-occupier buyers move to quality built and finished properties, with house-like proportions, in amenity-abundant locations, delivered purchasing process”.
“We engage with our customers from their first meeting with the sales agent. From monthly purchaser updates to quarterly site walks with the team, our customers are, as they should be, a key part of their property’s journey.
Mr Leahy said a shortfall in housing supply across the local market could trigger rising property values, with a number of in-demand suburbs primed for solid price growth, fuelled also by record low interest rates and improved housing affordability.
Village Life, City Lifestyle
A combination of factors ensured the Lower North Shore would remain WINIM’s number one focus going forward, Mr Leahy said.
The area boasted a series of green, leafy established suburbs strung along aspect-rich ridgelines, offering easy access to unspoilt natural parklands, playing fields and/or harbour and city beaches and waterways – helping cement much of the area as among Sydney’s most liveable and walkable.
It was well serviced by key infrastructure and transport links, with projects such as Sydney Metro and Beach Link set to further enhance transport corridors and neighbouring suburbs, he said, and improve existing easy access to the CBD and key retail or commercial centres.
While strong demand had escalated prices in popular, already gentrified suburbs, many neighbouring areas continued to represent strong investment potential, with future long term growth continuing to look good.
“We are proud local residents and business owners, having lived in the Lower North Shore for the past 20 years, and have a thorough understanding of and commitment to the area, which continues to be marked by high demand for housing and relative low supply.
“This is particularly obvious in the suburbs we’ve invested in to-date – Naremburn, Willoughby, and Cremorne.
“Like much of the Lower North Shore, they each offer a rare set of natural and man-made advantages – from the geographic, to infrastructural, social, investment and economic.
“Each is marked by its old-school village character and appeal, while offering big city facilities and attractions – including first-class education facilities, public transport, parks, restaurants, cafes and bars. This unique suite of attributes makes them ideal in many ways as both a place to live and a series of communities in which to invest.”
Established by Mr Leahy and Joint Managing Director Justin Kuiters in 2010, WINIM has a history of successfully delivering large-scale master plans, retail complexes, mixed use sites and educational projects. A key focus of the business is delivering high quality Lower North Shore residential properties to existing valued and new customers.
“We generally have about 10-20 projects on the go, varying in size, sector and stage of the property life cycle,” Mr Leahy said. Our project mix generally includes retail and mixed-use development, along with large master planned projects along the East Coast of Australia.
“We have a strong focus and commitment to delivering superior, boutique projects located in prestige, blue chip communities.”
“To achieve this, we’re partnering with the highest calibre of recognised Australian architects, (including Rothelowman), along with builders and engineers who have extensive track records in local residential projects and stand by their work.”
“Our aim is to create great opportunities for owner occupiers, be it families or down-sizers, to enjoy the best of contemporary residential apartment or terrace living in a safe, established and appealing location,” he said.