The Verge Brochure

CORRIMAL

CORNER OF RUSSELL AND UNDERWOOD STREET
WWW.THEVERGECORRIMAL.COM.AU
0499 989 329 OR (02) 4227 2111

WHAT IS

The Verge?

The Verge is a development consisting of 49 apartments,
ground floor retail, two levels of car parking and a central
courtyard. It is leading the way in Corrimal for urban
living, with the region set to expand and modernise,
starting now and continuing over the next few years.
The Verge offers people the opportunity to be part of the
changing landscape of Corrimal, to be pioneers in this
progression towards a cafe-cultured, socially prosperous,
and lifestyle motivated urban society.
Enjoy the picturesque surroundings of the Illawarra
Escarpment and close proximity to Wollongong CBD
whilst participating in this revitalisation.
Corrimal is: On the VERGE of change
On the VERGE of the nature
On the VERGE of style



CORRIMAL

THE CHANGING FACE OF

Corrimal

The Corrimal Town Plan was released recently from the Corrimal Chamber of Commerce in
conjunction with Wollongong City Council. The town plan is a culmination of studies, reviews
and town meetings to devise a method through which the area can improve. The plan includes
developments, such as the Verge, which offers modern living with retail, improved cafe strips and
renewed parklands and fitness facilities. It aims to promote markets and outdoor art spaces allowing
for a diversified culture of modernity.
Currently, the annual Spring into Corrimal festival brings over 55,000 people to the streets and parks
of Corrimal. With a powerful move towards this direction, Corrimal is on the Verge of an enormous
transformation.

THE VERGE

CORRIMAL'S HISTORY

The Aboriginal connection to the Illawarra
has a history which began thousands of years
before European colonisation. Corrimal is
named after 'Kurumul' who was an Aboriginal
warrior.
The Corrimal Colliery was opened in 1883. A
private colliery line was constructed along
with Tarrawanna Road, connecting with the
Corrimal Coke Works. The 'Green Frog' in
Memorial Park(pictured below) is a reminder
of the area's coal mining history.
Streets Ice Cream Company originated in
Corrimal In Australia's Post-Depression era as
an addition to a local milk bar. Owner, Edwin
Street, built an ice works factory on the corner
of the Princes Highway and Tarrawanna Road
complete with Neon signage and a polar bear.
Since then, Corrimal has grown to be
a neighbourhood region to the west of
Wollongong. With the rapid expansion of
Wollongong, and rising housing prices of
the Northern Illawarra, many people want a
piece of Corrimal to own for themselves. Its
convenience close to transport, retail, beaches,
Wollongong CBD, the University and main
highways to Sydney make Corrimal a highly
desired location.

VISION FOR CORRIMAL
TOWN CENTRE

»» A distinct community
»» A thriving community heart
»» Strong connections
»» Smart growth
»» Pride in quality places

OUTSIDE VIEW

ARTISTS IMPRESSION

VIEW FROM THE The Verge will provide 49 apartments with additional exciting
elements for Corrimal's latest development.
Outside The apartments are to be above a bustling Aldi supermarket plus
boutique retailers. A convenient childcare centre is set to take
residence in the upper floors.

THE VERGE

INSIDE VIEW

VIEW FROM THE The Verge is designed with users in mind. It offers 1, 2 and 3 bedroom
apartments divided into their own designated areas. The design
Inside has taken your privacy into consideration and has two apartment
entrances per level.
Apartments either have a balcony or private courtyard and access to
the central courtyard to promote the extension to the outdoors for
socialising with friends and family.

ARTISTS IMPRESSION

SOCIAL DESIGN
ARTISTS IMPRESSION

THE VERGE

DESIGNED FOR

Social Prosperity

The Verge promotes social prosperity through its unique
design. The centralised courtyard provides the perfect means
of entertaining. The Verge provides the perfect reservoir of
resources while free barbecue facilities, seating and landscaped
gardens provide the perfect space for socialising or a peaceful
retreat.
You can enjoy the views from your apartment balcony or
courtyard. With differing views depending on the chosen aspect
there is unlimited potential for outdoor private entertaining.
The apartments are opened planned for indoor socialising.
The open kitchen, dining room and lounge room is an aspect
desired by many house-hunters and is perfect for any small
function or gatherings.
Whether with friends, family or independently, the Verge
design offers the indoor to outdoor experience.

REST - ENTERTAIN - EMBRACE LIFE

LOCATION

LOCATED FOR

Convenience

Corrimal provides a vast offering for residents of the Verge Corrimal.
With retail stores, cafes and restaurants at your doorstep, Stocklands
around the corner, picturesque parklands, sporting fields and much
more. Corrimal presents a vibrant community that can occupy a
variety of interests.

THE VERGE

VeTrHEge PUBLIC SCHOOL

MEMORIAL PARK

STOCKLANDS MEMORIAL DRIVE

PRINCES HIGHWAY

PUBLIC POOLS SPORTING FIELDS

• 250m to parklands & sporting fields • 7 minutes drive to beaches
• 400m to Stocklands Corrimal • 8 minutes drive to University of Wollongong Australia
• 750m to school • 13 minutes drive to Wollongong CBD
• 800m to swimming pool • 31 minutes drive to Sydney South
• 1km To train station • 1 hour and 10 minutes drive to Sydney CBD

FIRST HOME BUYERS

FIRST HOME BUYER'S SCHEME

First Start

Making it easier for first home buyer to enter the property market.

With interest rates low, now is the perfect time To assist first home buyers get their foot into the
to dive into the property market, however, property market, we are offering the FIRST START
first home owners are encountering a large scheme.
amount of competition and missing out on great
opportunities. The first development in the Illawarra region to
set aside 30% exclusively for first home buyers.
First home buyers are being given a rare 15 apartments will be made available only for first
OPPORTUNITY in this new development home buyers and can be secured with a $2,000
coming to Corrimal. deposit and the balance of 5% on exchange.

THE VERGE

ARTISTS IMPRESSION

In addition, first home buyers are exempt from Conditions apply to these government initiatives.
stamp duty on new properties valued up to Visit http://www.osr.nsw.gov.au for more details.
$550,000, up to $20,240 in savings. Concessions
are provided on new homes valued between
$550,000 - $650,000. For more information
please continue reading.

The first home owner's grant in NSW includes
a one off $10,000 when the dwelling is new
and the applicant is an Australian permanent
resident with a property threshold of $750,000.

INVESTORS GUIDE

INVESTOR'S GUIDE

Local Demographics

Research has been conducted into the Corrimal residential market to guide investors with the
current market conditions. These conditions have been compared to Wollongong and Greater
Sydney in some cases to provide a comparison.

The average age ranges in the
Corrimal area are between 25 - 64,
peaking between the 35 - 54 year old
range. The younger age (25-34) range
is starting to climb as individuals are
priced out of the Sydney residential
market.

The family composition in the Corrimal area
is predominantly couples with no children.
This provides the perfect target market for
residential apartments. The second largest
group are couples with young children. The
convenience of the childcare within the
development provides these families with
positive lifestyle options.

The dominant housing type for the
Corrimal region are 2 and 3 bedroom
residences. The Verge caters mostly
for the two bedroom market.

THE VERGE

The rental market in Corrimal is strong and compares well with Wollongong and the Greater
Sydney market.

The vacancy rates for the Illawarra
are decently lower than Sydney. This
demonstrates a strong rental market
which is improving for investors over
time.

With capital growth declining
in greater Sydney, Corrimal by
comparison has remained strong
with an 18% annual growth for 2015
and 16.7% in 2016. Corrimal has
performed slightly than neighbouring
Wollongong by 2% each year.

Yields in Greater Sydney are at
approximately 4% as of 2016.
Wollongong's yields are at 5% and
Corrimal at 5.1%. Corrimal has only
changed their yield by .23% in over4
years.

Market evidence demonstrates that the Verge Corrimal provides for the need of the local
demographics. In comparison to Greater Sydney and Wollongong it is a steady market for investors
with the rental market strong.

*Source: Knight Frank Research & Residex

INCLUSIONS

ADD STYLE WITH

Inclusions

Kitchen Entry / Living / Dining

Range Hood Bosch 600mm - stainless steel - Video intercoms To be supplied and installed in
ducted externally living room nominated area
Cook top Bosch 600mm - stainless steel Floor Tiles 600 x 300
- gas Walls Paint finish
Oven Bosch 600mm - stainless steel - Ceiling Paint finish - Ceiling White
electric wall Gas point x1 to living area
Dishwasher Bosch Semi integrated Telephone point x1
Sink 1.5 bowl stainless steel Television point x1
Mixer Single lever mixer - stainless Data point x1
steel Double power x5
Floor 600 x 600 floor tiles point
Lighting LED down lights x 4 Air conditioning 2.5 HP split system air-conditioning
Doors / (Daikon, Actron, Fujitsu, Mitsubishi
cupboards White polyurethane cupboards Electric or equal to be chosen by
Underbench builder)
Bench tops Woodgrain Laminex
Kick boards Reconstituted Stone - 20mm Balcony /Courtyard
Splash back
Brush stainless steel
Tiled

Lighting Waterproof oyster lights
Tiling 300 x 300mm non-slip
additional 100mm skirting
Handrails tiles
Dulux powder coated Duratec
Waterproof - Zues silver grey matt
Double power x2 (one on balcony and one
point for hot water)
Hot water
Gas instantaneous hot water
Gas point recessed in wall
Hose tap Allow for gas point for BBQ
Allow for 1 x hose tap to main
balcony/garden area

THE VERGE

Bathroom/s Bedroom/s

Vanity Basin 600, 750 or 900 mm wall hung Floor Carpet - ‘stylish twist’ range
vanity with concealed drainage Skirtings 75mm timber skirtings
Mixer maximum where space allows or Built in robes Sliding mirror finish - shelving
Shower Screen equal and half and full hangers
Shower head Single lever mixer stainless steel Walls Paint finish - Geisha white
Clear glass - semi framed shower Cornices 90mm cove with paint finish -
screen. Chrome finish where ceiling white
required Ceiling Paint finish - Ceiling White
Shower head / hand piece Lighting Oyster lights
Telephone point x1 (main bedroom only)
Toilet suite Closed couple toilet suite with Data point x1 (main bedroom only)
concealed S or P trap Double power x2 per bedroom
point
Bath (if applicable) Large built in bath, size determined
by room size

Bath spout Atlanta 172mm or equal

Floor tiling Ceramic 300 x 300mm - Pure Ash -
Matt finish

Wall tiling White ceramic 300 x 600mm floor Laundry
to ceiling - White CTI rectified -
vertically laid - One feature wall - Laundry Tub 45L Everhard Banksia
same as floor tiles Laundry tub stainless steel
Mixer white & Cabinet or equal
Accessories Toilet roll holder - towel ring -and Dryer Single lever stainless steel
towel rail Simpson 3.5kg wall hung
Floor tiling dryer or equal
Ceiling Suspended plasterboard ceiling Splashback Ceramic - 300 x 300mm
Ceramic 300 x 3600mm on
Lighting Integrated light and fan ducted out Skirtings sink wall only
Ceilings and walls Ceramic 150mm high
Double power x1 (ensuite), x 1 (bathroom) Lighting Paint - Geisha and White
point Double power Integrated light and fan
point x2

* The builder has the right to change any inclusions to equal or better quality

FAQS

ADDITIONAL

FAQs

DEVELOPMENT SUMMARY
• 1, 2 and 3 bedroom apartments
• Sizes vary from 68 sqm to 155 sqm plus balconies/courtyard
• 12 floor plan types
• Secured residential lobby
• Views of escarpment depending on chosen aspect
• Either private courtyard or private balcony to each apartment
• NBN ready
• Foxtel ready

EXTERNAL FEATURE SUMMARY
• Shared internal courtyard
• Above Aldi shopping centre
• Including childcare
• Secure residential parking plus visitor parking
• Two lifts from car park to courtyard level

THE VERGE

IS IT DA APPROVED? DEFECTS PERIOD
Yes 3 months after completion date

WHEN WILL THE DEVELOPMENT BE COMPLETED? RATES
Approximately 18 months from commencement of
construction. Estimated start date late 2017. Water $800 p.a. (approximately)
Council $650 p.a. (approximately)
PURCHASE PROCEDURE? Land tax Capped at $2,000 (to be
Contact us to make appointment to review discussed with your solicitor/
development in detail. After an appointment first conveyancer)
home buyers have opportunity to place a $2,000
EOI deposit to hold their place in the campaign STRATA BY LAWS
for 10 business days (fully refundable). Other Available to view
purchasers are required to place 0.25% deposit and
10% after the 5 day cooling off period. STRATA LEVIES
Strata levies are not applicable until after the first
CONTRACT AVAILABLE? AGM.
Yes $700-$800 / quarter (approximately)

DO THE APARTMENTS HAVE AIR CONDITIONING? STAMP DUTY
Yes every apartment comes with air conditioning • $5,000 discount for normal buyers provided

STRATA MANAGEMENT? the price doesn't exceed $650,000
The complex will be managed by a local strata • Do not have to be pay stamp duty until
company.
settlement so long as it settles within 15
IS THERE A LIFT? months after exchange of contracts.
Yes, two lifts from parking to the podium level • If the buyer wants to on-sell they can but will
still have to pay stamp duty on settlement.
IS THERE DISABLED ACCESS?
Yes DEPOSIT REQUIRED?
10% required on exchange
IS THE COMPLEX PET FRIENDLY?
Yes animals are allowed IS THE PRICE GUARANTEED?
Upon execution of the Contract of Sale, the price
is guaranteed. The Vendor reserves the right to
change on unsold apartments at any time.

NBN READY? IS GST INCLUDED IN THE PRICE?
Yes GST on apartments is included in the quoted
price.
PARKING
Parking is secured by a roller door for residents. SECURITY
There are 72 resident only parking spaces, 6 of Security around the complex includes, secured
which are adaptable. In addition, there are 7 residential lobby, roller door access for parking,
motorcycle spaces, 18 resident bicycle spaces and video intercom for each unit and a private secured
49 storage spaces. There is also additional visitors courtyard area.
parking.

IMPORTANT NOTICE
This information memorandum is provided for general information purposes only, Knight Frank does not guarantee its accuracy. To the extent permitted by law, Knight Frank
expressly disclaims any liability for any loss or damage which may arise out of any person acting on or relying upon any part of the information contained in this paper.

ABOUT THE

Developer & Architect

Mintus began business in 1999 with the continued vision to be one of Sydney’s largest property
developers in the market. Since then, Mintus has specialised in property development,
construction and management.
As one of Sydney’s leading property service providers, Mintus delivers residential housing
developments from affordable housing to high density projects right through to luxury homes.
Mintus boasts an impressive portfolio of successfully completed projects in the residential and
commercial sector. The residential portfolio now facilitates over $200 million worth of stock
each year.
With a wealth of experience and drive for success, Mintus strives for quality when developing
residential property. They ensure efficiency, professionalism and quality from design, marketing
and sales through to the completion of the build.

Architex is a medium-sized architectural practice located in the metropolitan area of Sydney.
Since its inception in 1987, Ryelton Pty Ltd trading as Architex, continues to successfully operate
in the architectural and construction industry. We are a privately owned company consisting of
highly experienced architects and dedicated drafting staff, playing an active role in the design
and documentation for a wide variety of project types including residential, retail, industrial and
commercial developments.

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SEE YOU AT

Verge THE

WWW.THEVERGECORRIMAL.COM.AU
(02) 4227 2111
0499 989 329