Werribee’s first high-end apartments are well on their way up, and due to be ready by August next year.
The five-storey development by local companies Madok Group and KD Portogallo is at 116 Watton Street, and is the first of its kind in the Werribee CBD.
Madok Group’s director Mitchell Knight said the 26 two and three-bedroom apartments and 11 retail outlets will be a great link between the Werribee River and Watton Street.
“It is a really iconic development for Werribee,” he said. “It is the first crane tower on Watton Street. It just shows that this area is really moving and developing.”
The site was purchased in October 2010, while construction began in May this year.
“It’s taken a while to get started,” Mr Knight said. “But we’re getting there, and it’s looking pretty good.”
First National Westwood is responsible for selling the properties and sales manager Andrew Cruickshank said there has been plenty of interest so far.
“We’ve already sold about 70 per cent of the apartments; there are limited numbers remaining,” he said.
Mr Cruickshank said apartments start at $395,000, and have been popular with investors, offering a rental return of about $350 per week.
The building will also have secure underground parking.
