5/63 Melba Street

Downer ACT 2602

712 m²

Apartment

Currently for sale - view listing

Overview

Leased Until March 2027 Collect the Rent While You Decide Whats Next

Auction Location: LJ Hooker Auction HQ, 182 City Walk, Canberra Private Inspections Available By Appointment The Apartment Honest and functional, this is a practical one-bedroom layout on the second floor of a quiet eight-unit block. Reverse cycle heating and cooling, a car space, exclusive storage and an exclusive external laundry cover the essentials. It's been a reliable rental for years ï¿½ and for the right buyer, that's exactly what they're looking for. For those thinking longer term, there's scope to renovate at lease end and reassess the rent in line with the market at that time. The Financials Weekly rent of $410 with a lease secured until March 2027 provides immediate, stable income from day one. The Location Downer sits in one of Canberra's most convenient pockets - close to the Downer shops, Dickson, Watson, the light rail and the CBD. Inner north properties at this price point are increasingly hard to find, and rental demand in the area remains strong. Features at a Glance ï¿½ One bedroom, one bathroom, one car space ï¿½ Second floor in a quiet eight-unit block ï¿½ Currently tenanted at $410/week ï¿½ lease to March 2027 ï¿½ Reverse cycle heating and cooling ï¿½ Exclusive storage and external laundry ï¿½ Close to Downer shops, Dickson, Watson, light rail and CBD ï¿½ Body corporate $1,387/quarter | Rates $2,715 p.a. | Land tax $3,999 p.a. ï¿½ Private inspections available by appointment