503/74 Northbourne Avenue Braddon

ACT 2612
Sold on 2nd December 2022 Sold $545,000
About this property

Surprisingly private and quiet - vacant and ready for you now

The James Court development has consistently been popular with live in owners and investors because its perfectly positioned on the edge of Braddon, literally bordering both the City and Turner. The unit can be purchased fully furnished for free if you want the furniture too. Don't want the furniture? No worries, it can be sold completely vacant.

This unit offers both live in owners and investors many options:

Live in owners:
-Buyers can move in and live in the unit as normal OR if you need a unit periodically you can continue renting it through Airbnb and simply block out the dates you need it, simple.

-Want early access prior to settlement and a guaranteed move in date? Well good news, we can make that happen. Your next chapter is calling your name & having a home sweet home to call your own is ready for you now. This apartment makes living cool, calm & care-free and with vacant possession and early access on offer you could be unlocking your new front door sooner than you think.

Investors look at these numbers:
-The average income rented on a 12 month lease has been: $33,280/year that's $2,773/month or $640/week.
-If rented through Airbnb on a short basis the rental potential would much higher than this.
-Investors have the flexibility to rent the unit through Airbnb, a property manager or potentially through Medina's serviced apartment scheme.
-Early access is available to your property manager so tenants can view the unit and be pre signed prior to settlement.
To receive a copy of the digital brochure containing the contract and much more, please send us an email and note your full name and mobile number and it will be immediately sent to you.

Features overview:
Vacant and ready for you now
Early access prior to settlement available so you can move in straight away
Located on the quiet Mort Street side of the building and away from all busy roads
Located on Canberra's light rail network line which currently serves the city centre through to Gungahlin and is planned to be extended through the Parliamentary triangle to the Woden Town Centre
East facing with a leafy outlook across the established trees with great views towards Mt Ainslie
Buy it fully furnished with everything you see or completely vacant, you can choose
Surprisingly quiet and private
Light, bright, and airy
Elevated position on level 5
Large kitchen with lots of bench space and cupboards including a dishwasher
Double linen cupboard
European laundry design with washing machine and dryer
Reverse cycle air conditioning (cooling & heating) in the living area and main bedroom
Bedroom 2 has a ceiling fan
Single allocated car space in the basement, located conveniently close to lift
2 segregated bedrooms both with built in mirrored robes
2 bathrooms, with the ensuite having a spa bath with shower
Large open plan living area with large windows

The James Court development:
Located on the border to both the City and Turner, adjacent with Canberra's light rail network line.
24 hour reception that can used by live in owners also for the collection of mail, parcels etc
Pet-friendly (subject to body corporate notification)
Bike storage in the basement
Located a 2 minute walk away to Braddons Cafés and Restaurants
Conveniently located a 5 minute walk to the City
Numerous security cameras throughout the building
Lift access direct from basement & foyer to your level
Onsite facilities include gym, pool & sauna, bbqs, rubbish chute on every floor
Strata manager – Vantage Strata
Units plan number 1144
Number of units in development: 197

The numbers: (approx)
Rental potential: $640/week (previously rented for this amount fully furnished)
Rental potential: $700/week unfurnished
General rates: $1,814p.a.
Water & sewerage rates: $670p.a.
Land tax (investors only): $2,146p.a.
Strata levies: $4,113p.a.
Total of the Administrative and Sinking fund balance: $2,977,762 as of 28/10/2022
Living: 80m²
Balcony: 8m²
EER: 6 stars
Age: 28 years approx. Built 1994

To Help Buyers
-We advertise a guide price which your offer must exceed. 
-Offers can be conditional (subject to finance/valuation) or unconditional and on a contract with a waiver of the cooling off (preferred)
-We have a solicitor pre-allocated to provide a FREE contract review and section 17 if required
-All offers are confidential & will not disclosed to other buyers for privacy purposes. 
-A 5% deposit is acceptable

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Jason El-Khoury
Jason El-Khoury
Licensed Agent
0431 228 046