407/74 Northbourne Avenue BRADDON

ACT 2612
Sold on 31st March 2017 Sold $450,000
About this property

A set & forget investment or a renovated place to live.

This renovated apartment is part of the Medina serviced apartment scheme, where investors will receive a guaranteed rental return & a zero vacancy. Would you like an investment property that can be positively geared from day one?


$21,000 already spent on recent renovations, which includes a full furniture package
Income of $29,016/year that's $2,418/month or $558/week
Plus you will receive an extra $100/month or $1,200/year for the Capital Equipment Reserve Fund. (This is additional income for future upgrades of any furniture items)
Total income = $30,216/year
Owners will receive a discount up to 30% off at any TFE hotel, subject to availability

Live-in owners:

This purchase opportunity is not exclusive to investors. For a live-in owner the property can be taken out of the serviced scheme with 90 days' notice (sometimes less) so you can have a fully furnished & renovated property to move in to.

Location & the building: Braddon is already booming & is the place to be thanks to vast array of great cafes, restaurants & bars. It's also only a short walk to the Canberra Centre, the ANU & much more. To help modernise the building, the following major costs have already been paid for & invested in by the current owners: exterior painting, the replacement of all 3 lifts & an update of the pool area.


Elevated 4th floor apartment
End unit, windows on 2 sides
East-facing with a leafy outlook into the established trees
Living area 84m2 plus 8m2 balcony approx
Covered balcony, accessed from living & main bedroom
Open plan living area & large kitchen
Both bedrooms have mirrored sliding door robes
Reverse-cycle air conditioning units in main bedroom & living area
Large spa bath
Full furniture package
New carpets & freshly painted
NBN to the building
Single allocated car space
Numerous security cameras throughout the building
Residential lift access direct from basement & foyer to your level
On site facilities include gym, pool & sauna, rubbish chute on every floor

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Aaron Lewis
Aaron Lewis
Licensed Agent & Auctioneer, Partner
02 6209 1712