Construction has commenced on one of Adelaide’s largest and most innovative city apartment developments, Datong Australia’s U2 on Waymouth.
The 25-story, 78.6 metres tall building on Waymouth Street will offer 257 apartments ranging from studio-sized to spacious three-bedroom penthouse apartments. A sales centre has already been established on the site at 116 Waymouth Street.
“Adelaide’s CBD is becoming a world-class city setting. This is a very exciting time to be in Adelaide
These apartments also present a unique and interesting investment opportunity for buyers and investors. Apartments can be purchased under ‘Dual Key’ title, allowing the buyer to purchase two adjoining apartments under one title. Buyers have the option of renting out the adjoining apartment or conversely, taking advantage of the secure interconnecting door by converting the studio into a two-bedroom apartment, offering additional privacy between living and bedroom spaces.
Datong Australia Chairman Jin Liang said that the ‘Dual Key’ option, which explains the inclusion of ‘U2’ in the building name, will be of interest to a broad range of astute property buyers.
“It is ideal for first-home buyers, students, co-mortgagees seeking individual homes, owner-occupiers seeking an investment property, or business travellers,” commented Mr Liang. “It is also an attractive proposition for parents of international students as it will enhance Adelaide’s attractiveness as an education destination.”
Mr Liang said that U2 on Waymouth will offer residents inner-city living in what is arguably the most dynamic quadrant of the city.
“U2 on Waymouth is perfectly positioned in the middle of the city, offering easy access to the Central Markets and China Town but also the university, hospital, Adelaide Oval and all of the enticements of the inner city,” said Mr Liang.
“Adelaide’s CBD is becoming a world-class city setting. This is a very exciting time to be in Adelaide as one significant investment seems to encourage another. We are delighted to be a part of it.”
U2 on Waymouth offers versatile apartment designs in which some of the fittings, such as beds and desks, can be folded away to suit the resident’s needs.
The one-bedroom and two-bedroom apartments are referred to as 1+ and 2+ as they include a separate space which can be used as a study, office or children’s play zone. The three-bedroom apartments are spacious and offer western, northern and southern views of the city.
The jewel in the crown of U2 on Waymouth’s is ‘Utopia,’ the largest and highest open-air entertaining space in Adelaide. Utopia is the building’s rooftop communal social area and contains indoor and outdoor lounges, a fitness studio, spa, sauna, garden, barbecue area and even an open-air rooftop cinema.
U2 on Waymouth was designed by Adelaide-based JPE Design Studio and will completed by the end of 2017.