619/74 Northbourne Avenue BRADDON

ACT 2612
Sold on 1st January 1970 Contact Agent
About this property

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.

The Apartment:

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 Building:

The upcoming light rail to be on your door stop
NBN ready
Numerous security cameras throughout the building
Lift access
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

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