Located in Sydneys north shore, The Avondale is situated in a leafy cul-de-sac backing onto Council bushland and features just 34 highly appointed apartmetns. A mix of one, two and three bedroom configurations, The Avondale has been designed by award winning architects Futurespace and has a strong ESD focus. The Avondale OverviewProject Name: The Avondale Total investments in development: 34 Developer: The Glenside Group Architect: Futurespace Builder: Nahas Constructions Stages in development: One Location Address: Clydesdale Place, Pymble, New South Wales Map Reference: Sydway Map 235 Ref P2 18km north of Sydney central business district, and in the popular north shore precinct, The Avondale is conveniently situated amongst every amenity. Investment Structure Structure: Luxury apartments managed under Owners Corporation Key Dates Estimated Completion Date: July 2009 Sunset Clause: 1/03/2010 Estimated Depreciation (Two bedroom ) Building Depreciation Rate: 2.5% Building Depreciation: $298,207 Equipment Depreciation: $39,170 Depreciation Schedule: The Vendor will provide an ATO compliant tax depreciation schedule 30 days after settlement. Inclusions * designs to maximise flor-through ventilation and sunlight * living areas oriented for privacy and to take advantage of the views * Smeg appliances * 40mm edged Caesar stone benchtops * ample storage in kitchens * security entrance including audio visual system * low energy lighting * Reverse cycle day/night air conditioning systems Strong environmentally sustainable design principles including: * 200,000L rainwater tank - to be used for garden irrigation, toilet flushing and washing machines * low energy glass to reduce heat load * low energy lighting * installation of ceiling fans to all bedrooms to increase efficiency of air con up to 60% * organic edible garden - fruit and vegetables on site for residents Owners Corporation will train and provide assistance to all owners * energy and water efficient appliances Estimated Financial Scenario To be advised Estimated Outgoings Council Rates: Approx. $1,200 - $4,000 p.a. Water Rates: Approx. $500 p.a. Body Corporate: Approx. 1,600 - $4,800 p.a. Member Privileges The Vendor will provide the following member privileges to Mybank members: 1. 12 month rental underwrite at 5% gross of the Contract price, payable from the day after settlement. An upside to eh guaranteed amount will be payable to the Purchaser 2. Window furnishings to rental standard 3. ATO compliant tax depreciation schedule provided 30 days after settlement 4. Where cash is used as the deposit method 5% is acceptable. Any interest earned on cash deposits is paid to the Purchaser at settlement The above member privileges are conditional upon Contracts exchanging within 21 days of the date of issue. Total Area 78, living 60, terrace 18.