620/74 Northbourne Avenue Braddon

ACT 2612
Sold on 31st May 2017 Contact Agent
About this property

Investors take note, positively geared & rented at $569 per week


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

$17,400 already spent on recent renovations which includes a full furniture package
Income of $29,582/year that's $2,465/month or $569/week
Rental income will be increased by 3% as of 1st July 2017
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 = $30,782/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 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 owners of the building; exterior painting, the replacement of all 3 lifts & an update of the pool area.

Features overview:

Elevated 6th floor apartment
End unit, windows on 2 sides (great views)
North & east facing aspect
Living area 82m2 plus 9m2 balcony approx.
Covered balcony, accessed from living & main bedroom overlooking pool
Open plan living area & galley style large kitchen
Both bedrooms have mirrored sliding door built-in robes
Reverse-cycle air conditioning units in main bedroom & living area
Large spa bath in ensuite
Purchase price includes all furniture as inspected
New carpets & freshly painted
NBN to the building
Single allocated car space in basement
Numerous security cameras throughout the building
Residential lift access direct from basement & foyer to your level (no stairs to navigate)
Onsite facilities include gym, pool & sauna, rubbish chute on every floor

SMS "620 James Court" to 0407 121 412 to get a copy of the digital brochure containing the contract.

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