Positively geared, low maintenance investment renting for $576/w
This unit offers live in owners & investors many options both now & in the future.
Live in owners:
Buyers can move in & live in the unit which comes fully furnished.
Investors look at these numbers:
This recently 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?
Income of $30,000/year, that's $2,500/month or $576/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)
Owners will receive a discount up to 30% off at any TFE hotel, subject to availability
Investors can also look to rent the unit privately or through a property manager
Depreciation schedule available and is transferrable
$22,000 approximately already spent on recent renovations which includes a full furniture package
Location and 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. James Court' literally boarders the City & Turner, & with the light rail stop & bus interchange on your doorstep you won't need to use a car, so you why not rent out the car space for around $2,500/year & give yourself a little extra income.
SMS "619 James Court" to 0407 121 412 to get a copy of the digital brochure containing the contract.
6th floor apartment
North & west facing
End unit, windows on 2 sides
Living area 85m2 plus 8m2 covered balcony approx
Open plan living area & large kitchen
Reverse-cycle air conditioning units in main bedroom & living area
Large spa bath
New carpets & paint approx. 3 years ago
Fully furnished (updated furniture approx. 4 years old)
Both bedrooms have mirrored sliding door robes
Single allocated car space
The upcoming light rail to be on your door stop
Numerous security cameras throughout the building
Onsite facilities include gym, pool & sauna, rubbish chute on every floor
24 hour on site reception
Renovated building - the following major costs have already been paid for & invested in by the current owners; exterior painting, the replacement of all three lifts and an update of the pool area