#115 is perched high on level 12 and is surprisingly peaceful as it's located at the back of the development and away from all of the roads, plus it has a lovely north/west aspect, making it light, bright and airy. The property boasts a large balcony which is a great place to enjoy the sunsets and views to Black Mountain.
The property has a lot to offer and can be purchased fully furnished for those wanting to move straight in, or you can continue to rent it through CANBNB for those that want some great cash flow or a crash pad of their own when coming to Canberra.
Investors note - the property has rented extremely well with an annual profit of $36,428 (after management and cleaning fees). Conveniently managed through CANBNB, they take care of everything, and the property has had a 70% occupancy rate.
Live in owners – the apartment can be offered with vacant possession, and your purchase can include all of the furniture, or it can be completely vacant, the choice is yours.
The PARK AVENUE development has consistently been popular with live in owners and investors alike because it's perfectly positioned short walk from the heart of the City, the Canberra Centre, Glebe Park and so much more.
Like what you've heard? This is only the beginning! Take a peek and watch the video to see what this property has to offer. It's our 24/7 salesperson for you to get an excellent feel for the features and benefits of this apartment inside and out. It's the most informative property video you will watch during your property search, but don't just take our word for it.
To get a copy of the digital brochure containing an explanation of our buyer friendly sales campaign, the full contract (and so much more), just send us an email from any of the web portals and it will be automatically sent to you.
What you will love the most:
• Buy it fully furnished with everything you see or completely vacant, you can choose
• There is a detailed inventory list in the digital brochure, everything you see can be included
• Located at the back of the development and away from all of the roads making it surprisingly quiet
• Elevated position on level 12, looking North/West
• Fully covered balcony, which is larger than most, it can fit a lot of furniture so you can enjoy the fresh air and sunsets
• Excellent views across the City towards Black Mountain
• Beautifully presented
• Vacant possession
• Move straight in or continue to rent it out fully furnished for an extra income
Features overview:
• Kitchen with stone benches, waterfall edge, lots of cupboards including a pantry, dishwasher, oven, cooktop, externally ducted range hood, soft close drawers, microwave, gooseneck mixer with pull-out spray, plus room for 2 bar stools
• Bathroom with rain shower and rail shower heads, full height tiling, great storage in the vanity and mirrored cupboards
• Laundry with washing machine and dryer
To keep you comfortable and organised:
• Double glazed windows
• Ducted reverse cycle air conditioning with zoning to the living areas and bedrooms
• Open plan living area with floor to ceiling windows allowing in lots of natural light
• Both bedrooms have mirrored built in robes
• Block out curtains
• Linen cupboard for additional storage
• Single allocated car space in the basement plus colourbond storage enclosure
• Don't have a car? Rent out this highly desired car park location for $80/week = $4,160/year
The numbers: (approx)
• Rental profit through Airbnb $36,428 (after CANBNB management fees)
• Conveniently managed through CANBNB, they take care of everything
• 70% occupancy rate
• Rental potential (unfurnished): $580/week
• EER: 6 stars (out of 6 stars)
• Level 12
• Living: 67m²
• Balcony: 14m²
• Total: 81m2
• General rates: $2,099 p.a.
• Water & sewerage rates: $802 p.a.
• Land tax (investors only): $2,496 p.a.
• Strata levies: $4,720 p.a.
• Total of the Admin/Sinking fund: $792,369 as of 19/01/26
• Number of units in development: 188
• Age: 5 years approx. Built 2021
• Strata manager: Vantage Strata
• Units plan number: 14239
The PARK AVENUE development:
• Fast internet - NBN (FTTB)
• Pet-friendly (subject to strata notification)
• Located a few hundred metres from the Canberra Centre and so much more
• Like nature? You're a short walk to Glebe Park and the Lake
• You will love the convenience of the location and ability to stroll down to Floriade or the Multicultural Festival
• CCTV
• Parcel lockers
• Intercom access
• Lift access x 3
• Rubbish chute and recycling bin on each level for convenience
• Excellent facilities all located on level 4 including
1. Gym with free weights and a range of cardio equipment
2. Lounge area which can be booked for your next meeting/party
3. BBQ area which is a huge space with lots of seating and a funky zone to entertain or relax
To help buyers, we offer the following:
• A digital brochure which can be emailed to you prior to a viewing containing the contract and everything you need to know about the property
• A solicitor who can review the marketing contract for FREE
• Help amending any conditions in the contract, including organising early access and custom settlement dates
• 5% deposit pre-approved and payable via eft transfer
• Free valuation(s) on other properties you own to help establish your current equity base and assist with your finance approval
