 It is situated at 485–489 St Kilda Road, Melbourne, and has private gated access onto Fawkner Park.The flats, which were launched to the public in 1951 and conceived on the shared ownership (company title) principle, were described by The Master Builders' Weekly as having been introduced at a time when ""the self-ownership principle was the only answer to the problem created by inflated building costs which prevented an economic return on investment in flats for rent"".The cost of the flats originally ranged between £4,000 to £7,500, depending on the size and location of the apartment.As company title properties, flat ownership is controlled by a Constitution, which provides for levies and rules.