Leading Sydney property developers and fund managers WINIM will today start construction of the newest high-end boutique residential project on Sydney’s prestigious Lower North Shore – Otto, Cremorne.
Located in the heart of Cremorne Shopping Village at 53-55 Gerard Street, the $20 million project will feature eight spacious, home-like apartments generously spread over four storeys on a 762 square metre site.
Designed by award-winning architects, Rothelowman, and targeted at the discerning buyer, Otto, Cremorne will include one two-bedroom apartment and seven three-bedroom apartments priced from from $2.215 million to $2.715 million.
WINIM’S Joint Managing Director Josh Leahy said today ‘after WINIM’s previous development experience we’re excited to bring the first of six new boutique residential projects to market in 2020 – all located on Sydney’s Lower North Shore.
“WINIM is proud to be a locally-owned and operated company producing high end homes on the Lower North Shore for buyers seeking quality, owner-occupier residences” Josh said.
“We are committed to evolve and deliver superior, boutique projects located in prestige, blue chip communities and partnering with the highest calibre teams of recognised Australian architects, builders and engineers that have extensive track records in local residential and stand by their work.”
“At Otto, Cremorne, discerning local downsizers will have the opportunity to buy one of only eight high quality apartments with the size, generosity, high-level finish and appeal of a new home.”
“With only two residences on each level, Otto, Cremorne has been designed so that occupants feel truly at home, rather than in an apartment. The integration of elegant touches throughout, such as the inclusion of formal entryways, full pantries, fine fixtures, and a smart flow leading onto broad entertaining balconies, serves to enhance this sense of space and privacy.”
Each apartment will feature more than 100 square metres of living space and elevated northwest-facing views, ventilation and natural light from three aspects which is uncommon in modern apartments. All come with at least one car space, video intercoms, internal lift access, ducted air-conditioning, individual laundry, Miele appliances and two bathrooms.
The two-bedroom apartment, with over 90m2 of private garden on title, will also feature an additional study and is priced at $2.215 million, with prices for the three-bedroom apartments starting at $2.555 million.
“We aim to deliver quality and sustainability in projects that are community-focused and minded. Ideally at Otto, Cremorne, we’ll be featuring the work of local artists throughout public spaces.”
Cremorne is an attractive Lower North Shore suburb boasting multiple ammenities, quick access to the CBD and close to Balmoral Beach.
The average age of residents ranged from 20 to 39 years, with 44 per cent of residences occupied by families.
“We expect this quaility Gerard Street project will attract local buyers, long-term residents of the Lower North Shore who understand the value and appeal of the area, and want to downsize to a low-maintenance luxury apartment closer to the city, amenities, transport and attractions,” Josh said.
Otto, Cremorne offers the convenience of inner city urban living with nearby outdoor attractions. Only 20 minutes and six kilometres from Sydney’s CBD and leading retail precinct, it offers easy access to a range of popular outdoor attractions, including Balmoral Beach, Chowder Bay, Sydney Harbour National Park, Maccallum Pool at Cremorne and nearby Primrose Park.
Sports enthusiasts can enjoy teeing off at nearby Northbridge or Cammeray gold clubs, boating at Northbridge Sailing Club or Mosman Rowing Club, or trekking along the Cremorne Point Circuit Walk.
For foodies and keen shoppers, it lies minutes from Cremorne Shopping Village and Military Road’s multiple cafes, restaurants, retail and bar attractions.
Construction is due for completion by early 2021.