Selling

Price Offers over $560,000

+17

117/11 Giles Street
Griffith

4.0

For Sale: Offers over $560,000

Inspections

Secure, Set-and-Forget Investment with Strong Returns in Prime Inner South Location – 6.3% return

Positioned within the well-established Adina Hotel complex, this spacious three-bedroom apartment presents a compelling opportunity for investors seeking reliable returns and a low-maintenance asset in one of Canberra's most tightly held suburbs.

With a structured lease arrangement in place, the property offers guaranteed rental income along with contributions toward outgoings, helping to reduce holding costs and provide greater certainty. Combined with the ongoing demand for quality short-stay accommodation in this central location, it's an investment designed for consistency and ease.

Internally, the apartment is thoughtfully laid out with a central living, dining, and kitchen area, flanked by bedrooms on either side for privacy and functionality. The living space is generous in size and flows seamlessly to a private courtyard, positioned at the end of the building to enhance both privacy and quiet enjoyment. The kitchen is well-appointed with ample bench space and storage, while the bedrooms are all well-proportioned and serviced by a spacious main bathroom.

Additional features such as split system heating and cooling, and a dedicated Wi-Fi connection separate from the broader complex, further enhance both comfort and practicality.

Residents and guests of the complex enjoy access to a full suite of amenities including indoor and outdoor swimming pools, a well-equipped gym, barbecue areas, landscaped gardens, and on-site reception, all contributing to the strong appeal and ongoing occupancy of the scheme.

Located in the heart of Griffith, the property is within close proximity to Manuka and Kingston precincts, offering an array of cafés, restaurants, and retail options, as well as easy access to the Parliamentary Triangle and Canberra City.

Whether you're looking to secure a set-and-forget investment with stable income or position yourself for future flexibility, this is an opportunity that combines immediate returns with long-term potential.

IN THE WORDS OF THE OWNER: "The property offers a generous 77m² of internal living plus 34m² of private outdoor space.
At the end of the current five‑year lease term, owners have the flexibility to continue with the Adina scheme, transition to self‑management, or occupy the property themselves."

Features:
- Guaranteed rental income through Adina scheme
- Contributions toward strata and outgoings
- Generous 77m² internal + 34m² external areas
- Future flexibility after lease expiry: continue with Adina, self‑manage, or occupy
- Three-bedroom layout with functional separation
- Spacious central living and dining area
- Well-appointed kitchen with ample storage
- Private courtyard at end-of-building position
- Large, well-sized main bathroom
- Split system heating and cooling
- Dedicated high-speed Wi-Fi connection
- Indoor and outdoor swimming pools
- Fully equipped on-site gym
- Landscaped communal gardens and BBQ areas
- On-site reception and management
- Strong demand location near Manuka and Kingston

Essentials (Approx.):
• Living size: 77m²
• External area's total: 44m²
• Total combined size: 121m²
• Rates: $3,300 p.a
• Land tax: $4,314 p.a (If rented)
• Strata admin fee: $7,297 p.a (Paid by Adina)
• Strata sinking fund $470 p.a (Paid by Owner)
• Rental Return: $685 per week (Including GST)
• Age: 27 years (built 1999)
• EER: 4