6/38 Torrens Street, Braddon, ACT, 2612 - Apartment Sold on 04 02 2022

SoldFeb 4, 2022

6/38 Torrens Street, Braddon, ACT, 2612

$538,000

84 m²

Apartment

•

16 days on the market

Sold: Feb 4, 2022

What's around 6/38 Torrens Street

North facing, private and rented at $500/week for 12 months

Stumbled across this charming Braddon apartment? Well stop right here because you're in luck! Opportunities like 6/38 Torrens St don't come around often. Currently rented at $500/week till January 2023 this property will make a great investment given the strong rental yield and popularity for this funky, inner City locale. This neat and tidy 2 bedroom apartment offers incredible value for both its size and location. This lovely property is merely a short walk away from the Canberra Centre and Canberra's famous Lonsdale Street. You'll need amazing self-control to keep away from the very best eateries in the inner north! This rare find represents one of the best value opportunities to buy into this sought after area. To get a copy of the digital brochure containing an explanation of our friendly sales campaign and the full contract, please send us an email and note your full name and best contact phone number and it will be automatically sent to you immediately. Buyers Will Love - Low body corporate levies, see all figures below. - Low maintenance development with no big expenses like lifts or pools. - NBN FTTN. - Development includes a kid's playground and bike storage. - One basement car space. - Pets welcome. Subject to body corporate notification. The Apartment - North Facing, situated away from all roads for added privacy. - Elevated first floor location with established trees in front. -Fully covered balcony with storage enclosure. - Split system reverse cycle air conditioning heating and cooling. - Intercom access. - Large kitchen with oven, rangehood, dishwasher and a new cooktop. - 2 bedrooms each with built in robes. - Big bathroom with large corner bath/shower. The Numbers: - Living: 84m2 plus 19m2 balcony - Age: 27 years. Built 1995 - Strata levies: $3,031 p.a. - Rented at $500/week till 01/01/23 - General rates: $2,277 p.a. - Water & sewerage rates: $667 p.a - Land tax (investors only): $2,699 p.a. - EER: 6 stars - Units plan 1428 with 85 units, managed by CIVIUM - Total admin and sinking fund balance: $135,886 The Offer Process: - To help buyers on value, we advertise a guide price which your offer must exceed. - Offers can be subject to finance or unconditional (preferred). - Offers are confidential & will not disclosed to other buyers for privacy purposes. - A 5% deposit is acceptable via eft just prior to exchange of contracts. - We have a solicitor pre-allocated to provide a FREE contract review and section 17 if required.