Returning $37,284 per year for another 2.5 years, this property has been cashflow positive for the current owners & is sure to continue for the new buyer with the tenant signing a 3-year lease last September committing to $111,852 in rent until September 2020.
Rented since completion in December 2011 to the same tenant (interstate business with a Canberra office) as a furnished apartment on long term leases, this property has been a great earner for the owners with their only commitment being a fortnightly clean.
Beyond its striking facade, this immaculately presented contemporary residence is full of light, functionality & quality. Designed with 2 bedrooms, 94.5m2 of living space & premium furnishings, it has been perfectly suited to the professional business people who have used this property as a home away from home over the years.
With the tenants only occupying the property when in Canberra a few days per week, the appliances present in as new condition & there has been minimal wear & tear throughout - this ideal tenant could be yours when you purchase this investment property with a fixed term lease in place until September 2020.
Both bedrooms are very generous in size with bedroom 1 separate & private with a large walk through robe. The kitchen comprises a natural stone bench top, stainless steel Bosch appliances including dishwasher, glass cooktop along with a ducted range hood.
This convenient location is literally across the road to Dickson precinct with Woolworths, restaurants & cafes a stroll away. The light rail stop is only metres away, along with major bus routes from Northbourne Ave.
Living area: 94.5m2 approx.
Balcony: 11.7m2 approx.
Rental return: $717pw ($37,284pa)
Fixed tenancy term: until 1st September 2020
Strata (inc. admin fund & sinking fund): $4,168pa approx.
Rates: $1,357pa approx
Land Tax (if rented): $1,792pa approx
Whilst 'Axis' is on the corner of Northbourne Ave & Mouat St, this apartment is set 3 buildings back so it is insulated from the noise of Northbourne Ave.
Have City/Braddon convenience without living on top of it, yet accessing it easily
Located right near a light rail stop - Northbourne Ave
Major bus route, direct access to the City, Belconnen & Gungahlin
Strolling distance to cafes, restaurants, Woolworths & shopping in Dickson
Premium tenant on fixed term tenancy until 1st September 2020
All furniture as per inventory list
Contemporary & premium quality interiors
Within each apartment is a wireless Hub enabling wireless Broadband access
Bedroom 1 is extra-large, separate & private with walk through wardrobe
Both ensuite & bathroom have large showers
Reverse-cycle air conditioning units in lounge & bedroom 1
Spacious ensuite with dual vanities
Bosch stainless steel appliances
Full height tiling & stone vanities in bathrooms
Natural stone kitchen benchtop
Double car space in the basement plus storage cage
Pay TV, free to air & data cabled
25m indoor lap swimming pool
Fully equipped gym