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44/101 Hennessy Street

Belconnen ACT 2617

1
1
29 m²
Unit
Currently for sale - view listing

Overview

Purpose Built Student Accommodation with Exceptional Yields

Exceptional investment opportunities like these are rarely offered. Purpose built student accommodation properties within the established UniGardens complex deliver outstanding rental returns, immediate income and the simplicity of true set and forget investing. Available to you is a well appointed 1 bedroom, 1 bathroom apartment currently returning $390 per week, representing an impressive gross yield of approximately 10.14% based on the asking price of $180,000. Please note these properties are purpose built student accommodation and are available exclusively as investment properties. Under the development's occupancy requirements, they are not available for owner occupiers and must be occupied by eligible students. This creates a specialised investment opportunity supported by a consistent tenant demographic and ongoing demand from one of Canberra's largest education precincts. Located directly opposite the University of Canberra and just moments from Bruce CIT, the Australian Institute of Sport and Belconnen Town Centre, UniGardens has built a strong reputation amongst investors seeking affordable, low maintenance properties with dependable rental demand. Whether you're seeking an affordable entry into the investment market or looking to strengthen your portfolio with a high yielding asset, these properties offer immediate cash flow from established tenancies and the confidence of investing in a proven location. Purchase either property individually or secure both to maximise your investment potential within one of Canberra's most recognised student accommodation developments. The Investment Advantages • Purpose built student accommodation for eligible student tenants only • Investment only opportunities that are not available to owner occupiers • Proven set and forget investment opportunities • Established tenancies providing immediate rental income • Strong, consistent student accommodation demand • Directly opposite the University of Canberra • Close to Bruce CIT, the Australian Institute of Sport and Belconnen Town Centre Outgoings: (approximate) • Rates, per annum, $1572.56 • Land Tax, per quarter $487.43 • Strata Fee, per quarter $823.05 • Water Charges, per quarter $210.54 Disclaimer: The material and information contained within this marketing is for general information purposes only. The Property Collective does not accept responsibility and disclaims all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.

Features

1 bedroom
1 bathroom
29 m² floor area
Unit

Happy sellers in Belconnen

81%
81% of sellers in Belconnen reported that their sale price either exceeded or met their price expectations.

Belconnen stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 101 reviews in Belconnen over the last 12 months.

Local market activity for 1 bedroom units in Belconnen

In the last 12 months, 29 one-bedroom units similar to 44/101 Hennessy Street, have been sold.

This represents a 61% decrease in one-bedroom units sales when compared to the previous 12 months.

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