This month, Investa Land will launch Duo, an innovative new mixed use development in Melbourne’s south east growth corridor, that will redefine the way small businesses and entrepreneurs live and work in Australia.
Designed by Investa Land, Duo will combine a residential home and a purpose-built workspace in the one property, with numerous office, showroom and storage space configurations to suit a myriad of businesses.
Based in the Evans Park Business Village located 40kms south east of Melbourne’s CBD in Cranbourne West, Duo will initially offer 11 of 43 total lots within Stage 1 specifically designed for live-work homes.
Investa Land worked hand in hand with the City of Casey to establish Duo, which is forecast to have a positive economic impact on the local region, with over 1,000 long-term jobs being created.
With approximately 70 per cent of Casey Cardinia residents working outside the region, and many travelling by car, Duo is set to address the economic, social and environmental sustainability issues involved by offering residents a place that they can both live and work and still maintain their lifestyle and sense of community.
The live-work homes are also a great value proposition for small businesses, easing the financial commitment of needing both a home mortgage and business lease. Duo accommodates both in one place with one mortgage.
Duo residents and businesses will have the opportunity to invest more time in their business, rather than travelling to and from work; with the average full time employee in Australia spending 10.25 days commuting to and from work each year*.
Paul O’Brien, General Manager Victoria, Investa Land explains, “Investa Land seeks insight into the changing needs of its customers, which influences our decision-making, enabling us to deliver places that meet the specific needs of our customers. Duo offers a new way of living and we feel it will change the greenfield landscape; specifically how residential and commercial can be integrated together and be interfaced seamlessly with architectural merit.”
“Duo has been developed as a solution for small home based businesses that often struggle to expand once they grow to a staff of five or more; it also provides small to medium sized businesses with a professionally presented property address that offers separate access for home and work but also a live-work village atmosphere,” says Mr. O’Brien.
The City of Casey is committed to working towards a sustainable future and is in full support of the project. Cr Mick Morland, Mayor of Casey celebrated the launch of Duo and said it was a vote of confidence in the region’s economy.
“With ample land, easy access to major transport routes and the third fastest growing population in Australia, the Casey Cardinia region really is the place to grow your business.
“Council is working to attract investment to the Casey Cardinia region and boost business growth to increase local employment opportunities.
“Council welcomes Investa Land to the region and looks forward to working in partnership to achieve our economic vision,” says Cr Morland.
Duo provides a variety of innovative live-work options with two bedroom residences and workspaces starting at $345,000+GST, and three bedroom at $400,000+GST.
For small businesses looking for a separate home-office space, there is the B2 Type design, set over a total area of 217 sqm (23 sqs), with 2 bedrooms, 1.5 bathrooms, 2 car parks and a separate 74sqm upstairs home office space which start at $345,000+GST.
Small to Medium Sized Enterprises (SMEs) needing a showroom space might consider the A5 Type design, set over a total area of 311sqm (33 sqs), with 2 bedrooms, 2.5 bathrooms, 1 car park and a downstairs office/storage/showroom area of 116sqm, priced from $435,000+GST.