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204/74 Northbourne Avenue - BRADDON 

SOLD
EER 6.0
CAR 1
BATH 1
BED 1
Agent:
Mark Wolens
P    02 6209 5000
M   0418 632 711

Excellent investment or live-in proposition in the city precinct


Located on the 2nd floor of this attractive, iconic 8 storey building, this exceptionally spacious (largest of the 1 bedroom designs), fully furnished apartment is currently part of a serviced apartment scheme, operated & managed by the very professional Medina Group. If an owner wished it to be a permanent residence or explore alternate rental options, with 3 months' notice it may be withdrawn from the scheme. If managed by Medina, it returns a healthy $1706 per month; when a profit surplus occurs, it's divided between owners according to unit entitlement at the end of each financial year.

Oriented east with views of the City & Mt Ainslie beyond, a bank of well-grown conifers growing on the perimeter of the development provides both shade & privacy for this & other apartments on the lower levels. This distinctive apartment appears to have recently had a furnishings upgrade as the styling is tasteful modern contemporary.

James Court was completed in the mid-1990's, with emphasis on quality interiors & fit-out. Apartment 204's kitchen belies it age – white polyurethane cabinetry contrasts the expansive grey-hued bench tops, a colour scheme popular now. It's a kitchen infinitely suited to entertaining if one were to purchase the apartment to reside in. As well are the inviting, open plan living areas – exceptionally spacious with ample wall space - some curved - for artwork & the like. Superior furnishings, carpet & drapes give it that hint of luxury.

The sumptuous bedroom is generous in size & scope, sliding doors separating it from the tiled balcony, also accessible from the living area. Substantial mirrored built-in robes, its own reverse-cycle air conditioner, pelmets & excellent inclusions make it stand out from the usual crowd. An elegant & roomy bathroom mainly in white features a large spa bath & cantilevered basin over the well-designed vanity unit. A separate WC with own basin & mirror is adjacent.

Single basement car accommodation is par for the course, & the 1st level swimming pool & outdoor entertaining area are additional bonuses. A more than adequately equipped gym on the same level should prove popular.

Lonely Planet commented recently that Canberra was the 3rd best city in the world to visit, mentioning Braddon as being one of the revitalised hubs with its plethora of cafes, restaurants, bars & the like. With people flocking to streets such as Mort, Lonsdale & Bunda each week, Braddon could be claimed as the new epicentre for lifestyle living in the heart of Canberra. Being within short walking distance of the ANU allows students to access the campus readily, & the light rail at James Courts' doorstep should make it even more popular.

Providing an excellent income of over $20,000 per annum, this exceptionally well-located city apartment could be an ideal prospect to add to one's investment portfolio. It could also suit someone wishing to operate it initially for its income stream, with a view to residing in when the timing was right. Aligning one's financial goals & future housing needs could be a distinct possibility – you could transform your dreams into reality by contacting the agent today.