CBD > 318 Russell St / Abode 318 > 188m / 57L / Resi

[nicktan]

Originally Posted by WXM

They try to get everyone "refresh" the contract......................

Oh!

Hi WXM, what do you mean they're getting everyone (meaning BT buyers) to refresh their contracts? Please elaborate, if you can? Any details on the contractual differences, e.g. completion date, property value, etc?

Thanks!

[ooh]

Look what I found this afternoon.

Either this is soon to go ahead, or they need more sales before it goes forward.

Either way, it's good to see some action with this property, fingers crossed for this being positive news.

http://www.realestate.com.au/cgi-bin...rt-propdetails

[M0ST]

just to confirm that is nearly $420k for a STUDIO. know the views from higher floors to the north will good, and also to the west (with the library there they won't get built out either) but still seems like a lot of kanga. having said that, imho, this tower will be a welcome addition to the east end of town. hope to see some action next year (finally).

[ooh]

Originally Posted by M0ST

just to confirm that is nearly $420k for a STUDIO

Not sure because the top of the page shows 2 bedrooms. If it is $420,000 for a studio it's ludricrously priced, you can get a 2 bed elsewhere for the same money. If these are the prices no wonder it's taken so long to rise out of the ground.

[John_Proctor]

its a 'two bedroom' of 46m2 most 2 bedders are 70m2+

basically its for investors to provide for international students. isn't the worst layout I've ever seen though I have to say.

I could imagine living in it with the second bedroom becoming a study or dining room (if modified to remove the wall.


btw. the developer is offering a 5.5% yield on teh purchase if you want them to organise tenants for you - further enhancing the overseas investor scenario.

[nukz]

Originally Posted by John_Proctor

its a 'two bedroom' of 46m2 most 2 bedders are 70m2+

basically its for investors to provide for international students. isn't the worst layout I've ever seen though I have to say.

I could imagine living in it with the second bedroom becoming a study or dining room (if modified to remove the wall.


btw. the developer is offering a 5.5% yield on teh purchase if you want them to organise tenants for you - further enhancing the overseas investor scenario.

I'm in a 1 bedroom unit that's 60m2, i can't possibly imagine how you could get 2 bedrooms in a area of only 46m2.... i imagine the rooms would barely even fit queen beds in them...

[ooh]

Originally Posted by nukz

I'm in a 1 bedroom unit that's 60m2, i can't possibly imagine how you could get 2 bedrooms in a area of only 46m2.... i imagine the rooms would barely even fit queen beds in them...

Jesus, I'd agree. When I live din Wills Court I had a 1 bed that was 55m2, and that had the entrance hall made into the kitchen... The bedroom was just big enough for a double bed and 2 bedside tables, and the bathroom was tiny.

Dread to think how claustrophobic a 2 bed of 46m2 would feel.

Still, students will take them and overseas investors will see the opportunity. Maybe if they sell a few more the bloody thing will actually get built!

[M0ST]

just had a proper look at the link posted by ooh (was being a bit lazy before and just read studio description in the blurb) and, yeah agree that layout is functional enough, but i mean 46 m2, come on - even students are guna struggle in that. guess 5.5% net isn't a bad return, with it being guaranteed and all.

[soorox]

sorry for this but I think barton is managed by an Asian Group called Aldi Finance Group?

[WXM]

Originally Posted by nicktan

Oh!

Hi WXM, what do you mean they're getting everyone (meaning BT buyers) to refresh their contracts? Please elaborate, if you can? Any details on the contractual differences, e.g. completion date, property value, etc?

Thanks!

Tried to change the bank for 10% deposit so I contacted Barton. The sales told me "they were requested by the bank to refresh the contract". Not too much details.

Really don't see any chance they can finish within 5 years for such tall building. It's 1.5 years for my contract already. Barton can terminate the contract after 5 years for selling higher price...............

[melbournee12]

Website says "We will be in touch in 2010"...read into it what you will.

[Marky Mark]

Looking Good !


Yes, we will be.


Barbara Jones

PA – Chairman & Managing Director


m: 0420 360 440

e: barbara.jones@contexx.biz

Level 9

580 St Kilda Road

Melbourne Vic 3004

contexx pty ltd
t: +61 3 9539 5000

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--------------------------------------------------------------------------------

From: Sent: Thursday, 14 January 2010 4:55 PM
To: Barbara Jones
Subject: The Barton Tower



Dear Barbara , Hi ! Hope you had a great Xmas New Year ! Just wondering if you can confirm that Contexx is Building the Barton Tower in Melbourne , a group of us at a Skyscraper Fan Club was just wondering ….hope you can help …..Kind Regards Mark

[melbournee12]

Its still around...from the website:

Thank you:

We would like to express our gratitude for the patience and loyalty shown by all purchasers of Barton Tower apartments. We have been faced with some delays brought about by changing banking conditions though we have been working night and day on a resolution. Thankfully we are nearing the end of the hard work and are preparing to move forward. We will keep you informed of the progress.

In the mean time, please have a happy Easter, we will be in touch.
Faithfully,

The Barton Team

[pinstripe]

From the Barton Website in the future.........

We would like to express our gratitude for the patience and loyalty shown by all purchasers of Barton Tower apartments. We have been faced with some delays brought about by changing banking conditions though we have been working night and day on a resolution. Thankfully we are nearing the end of the hard work and are preparing to move forward. We will keep you informed of the progress.

In the mean time, please have a happy Xmas 2015, we will be in touch.
Faithfully,

The Barton Team

[nukz]

Am i missing something, why does it say have a happy xmas 2015? is that the supposed completion year?

[melbournee12]

it's a joke...

[cage of man]

Originally Posted by nukz

Am i missing something, why does it say have a happy xmas 2015? is that the supposed completion year?

Yes, you are missing the joje hehe

Hope the joke isnt on us and by 2015 they are still sending out those letters!

[manila_playa87]

Why bump this thread when there is nothing useful to say?

[tower_dan]

because clearly hes a dick... he did the same thing on the geelong thread

[manila_playa87]

LOL not to mention the stork tower. 350M tower in geelong, some people are clearly degenerates