Currently leased at $500 per week until 12 May 2027, this property presents an excellent opportunity for investors looking for an established rental income in one of Belconnen's most convenient locations.
The apartment is currently tenanted, and private inspections can be arranged with the tenant by appointment. If you are interested in viewing the property, please feel free to contact us and we will be happy to organise a suitable inspection time.
Perfectly positioned in the heart of Belconnen, this well-presented one-bedroom apartment offers an ideal combination of convenience, comfortable living and strong investment appeal. With everyday amenities, shopping, dining and Lake Ginninderra all within easy walking distance, the location makes day-to-day life incredibly easy.
One of the biggest advantages of this property is its central Belconnen location. Westfield Belconnen is approximately a 7-minute walk away, providing easy access to major supermarkets, shops, restaurants, cafés, cinemas and a wide range of services. Canberra City is also only around a 10-minute drive away, making the apartment a practical option for professionals working in the city or nearby employment hubs.
Grazier Lane itself has developed into a vibrant and highly convenient residential precinct. A Metro supermarket and Asian grocery store are located just downstairs, making everyday grocery shopping exceptionally easy. There are also several popular cafés and restaurants within the immediate area, so grabbing a morning coffee, enjoying a casual meal or meeting friends for dinner is all within a short walk from home.
For those who enjoy the outdoors, Lake Ginninderra is only around a 3-minute walk away. The lakeside walking and cycling paths provide a beautiful setting for morning walks, weekend exercise or simply relaxing by the water. The lakefront precinct is also home to a variety of restaurants and cafés, adding even more lifestyle options within walking distance.
Inside, the apartment offers a practical and well-proportioned floorplan with excellent use of space. The open-plan living and dining area feels bright and comfortable, providing plenty of room for everyday living and entertaining.
Both the living area and bedroom enjoy a desirable western aspect, allowing the apartment to receive plenty of afternoon natural light. The adjoining balcony provides additional outdoor space and is a great place to relax after work or enjoy the afternoon sun.
The bedroom is generously sized and designed for comfortable everyday living, while the modern bathroom and well-appointed kitchen complete the practical layout.
The apartment also includes a secure car space, adding further convenience for owner-occupiers and tenants alike.
With an established tenant currently paying $500 per week and a fixed lease in place until 12 May 2027, the property offers immediate rental income without the need to search for a new tenant. Combined with its highly convenient location, strong local rental demand and easy access to Westfield Belconnen, Lake Ginninderra and Canberra City, this apartment represents an attractive option for investors looking for a low-maintenance property in an established Canberra precinct.
For future owner-occupiers, the property also offers an excellent lifestyle opportunity once the current tenancy concludes. Everything from groceries and dining to shopping, recreation and public transport is close at hand, allowing residents to enjoy a genuinely convenient, low-maintenance lifestyle.
Whether you are looking to expand your investment portfolio or secure a well-located apartment for the future, 702/2 Grazier Lane offers an excellent balance of location, practicality and lifestyle.
Property Features:
Currently leased at $500 per week until 12 May 2027
Spacious one-bedroom, one-bathroom apartment with one secure car space
Bright open-plan living and dining area with a practical, square floorplan
Western-facing bedroom, living area and balcony with excellent afternoon natural light
Approximately 7 minutes' walk to Westfield Belconnen
Approximately 3 minutes' walk to Lake Ginninderra and its lakeside walking tracks
Metro supermarket, Asian grocery store, cafés and restaurants located within the Grazier Lane precinct
Approximately 10 minutes' drive to Canberra City, offering excellent convenience for both residents and tenants
Private inspections are available by appointment with the tenant. Please contact us to arrange a suitable viewing time.
Property details:
Council rate: $413 p/q (approx.)
Strata: 665 p/q (approx.)
Land tax: $510 p/q (approx.)(Investor only)
Built: Year 2022
Living area: 50 m²
Balcony: 9 m²
Disclaimer:
While all care has been taken to ensure the accuracy of the information contained herein, Ruiz Property does not accept responsibility and disclaims all liabilities for any errors, omissions, inaccuracies or misstatements. All information provided is approximate only and should not be relied upon as a basis for making any formal decisions. Interested parties are advised to conduct their own enquiries and seek independent legal and financial advice.
Please note that the property may continue to be marketed and inspections may continue until contracts have been exchanged.
