The property is fully serviced and subject to lease by Mantra Apartments, with an ongoing obligation for the operator to actively market and advertise the apartment, providing a consistent and hands-off investment model until October 2028.
Positioned high within the vibrant pulse of Braddon, this unique dual-key offering presents a compelling opportunity to secure a high-performing investment in one of Canberra's most tightly held inner-city precincts. Set within the well-regarded Mantra complex, Units 701 and 702 deliver immediate income and long-term upside within a professionally managed environment.
Designed for operational flexibility, the apartments can function as a combined two-bedroom offering or as two separately managed residences, a one-bedroom apartment and a studio, each with its own private entry.
Apartment 701 One-Bedroom Residence
A well-proportioned apartment featuring a separate living and dining zone, complemented by a functional kitchen with ample cupboard storage and generous bench space. The bedroom is well-sized and includes built-in storage, serviced by a bathroom equipped by a European laundry that enhances both comfort and practicality. Flowing from the living space, a private balcony captures elevated outlooks towards Black Mountain Tower, adding an additional layer of appeal for guest.
Reverse-cycle air conditioning ensures year-round climate control, while the layout supports strong guest appeal for extended stays.
Apartment 702 Studio Residence
Thoughtfully designed as a self-contained studio, this residence offers an open-plan living and sleeping zone, complemented by a combined study desk and entertainment unit, providing a practical and efficient space for short-stay accommodation. Serviced by its own private bathroom and reverse-cycle air conditioning, the layout is well-suited to consistent guest turnover within the Mantra letting pool.
Both apartments are offered fully furnished, allowing for a seamless continuation of the existing leasing arrangement and immediate income generation.
Residents and guests enjoy access to a suite of premium on-site amenities, including a heated indoor pool, sauna, fully equipped gym, and restaurant and bar facilities, further enhancing its appeal within the short-stay market.
Set just moments from Lonsdale Street's renowned dining scene, boutique retail and entertainment offerings, and within easy walking distance to the Elouera Street light rail stop, this address places the very best of Canberra at your doorstep, reinforcing its ongoing demand and occupancy potential.
Property Highlights
Dual-Key Investment Flexibility
Configured as a one-bedroom apartment plus separate studio
Ideal for dual-income or short-stay investment
Accommodation & Layout
1 bedroom apartment with seperate living, kitchen, bathroom with European laundry with balcony
Studio apartment with open layout and fully equipped bathroom
Comfort & Convenience
Fully furnished and equipped, lease-ready
Reverse-cycle air conditioning to both apartments
Built-in robes to both apartments
Lifestyle & Amenities
Access to heated indoor pool, sauna and gym facilities
On-site restaurant and bar within the complex
Secure basement car accommodation
Location
Positioned in the heart of Braddon's dining and lifestyle precinct
Walking distance to Elouera Street light rail stop
Moments to Canberra CBD, ANU and major employment hubs
Key Details
Built: 1998
Living: 80m²
Body Corporate: $957 p.q.
Rates: $545 p.q.
Land Tax: $663 p.q.
Estimated combined rental return: $580 $620 per week ($28,218 p.a approximately)
While all care has been taken to ensure information is accurate, Muscat Property Co. accepts no responsibility for any inaccuracies. All interested parties should rely on their own enquiries, legal advice, and contract documentation to confirm details of this property.
