519/74 Northbourne Avenue Braddon

ACT 2612
Sold on 6th March 2023 Sold $555,000
About this property

North facing, corner unit, 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.

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 rent 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 income potential for a 12 month lease is: $33,280/year that's $2,773/month or $640/week.
-If rented through Airbnb on a short basis the rental potential would be much higher than this.
-Investors have the flexibility to rent the unit through Airbnb, a property manager or potentially through Adina'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
North and west facing
Elevated position on level 5
End unit, windows on 2 sides
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
Light, bright, and airy
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
Single allocated car space in the basement, located conveniently close to lift
2 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 be used by live in owners also for the collection of parcels etc
Pet-friendly (subject to body corporate notification)
Bike storage in the basement
Located a 2 minute walk away to the heart of Braddon's Café and Restaurant precinct
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: $700/week unfurnished
General rates: $1,861p.a.
Water & sewerage rates: $670p.a.
Land tax (investors only): $2,204p.a.
Strata levies: $4,423p.a.
Total of the Administrative and Sinking fund balance: $1,414,156 as of 18/01/23
Living: 85m²
Balcony: 8m²
EER: 6 stars
Age: 29 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 be 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