A one-bedroom unit, with two great rental options that offer a 7% Gross rental yield!
Perfectly located just minutes' walk from Canberra's thriving CBD, this split-level one-bedroom apartment represents a smart, low-risk investment opportunity. With an approx Gross 7% rental yield this property is sure to be one you want to keep on your books for a while.
Option 1: Fixed Term Lease - achieve a rental amount of $540 per week with a yearly income of $28,080.
Option 2: AirBnB / Short Term Rental - achieve $200 per night (weeknights) and $300 per night (weekends) on average totalling to $700 per week (with a 50% vacancy) with a yearly income of $36,400.
**Numbers are based off average rental income received on average for short term stays in CBR CBD**
The apartment itself is set apart with a rare split-level design that maximises space and liveability-an attribute highly valued by tenants. The lower level offers a naturally lit master bedroom and bathroom, while the upper level combines an open-plan living, dining, and kitchen with direct access to a private balcony overlooking landscaped common areas.
Situated on Level 5 of a secure 9-level complex, the property provides both privacy and an elevated outlook. Residents also enjoy resort-style facilities: two outdoor swimming pools, BBQ areas, underground visitor parking. With both the light rail and bus interchange just minutes' walk away, it guarantees a future-proofed convenience for tenants and ensuring minimal vacancy risk.
With its unbeatable combination of location, modern amenities, and a proven record of rental success, this is an investment with immediate appeal. Whether you're expanding your portfolio or securing your first investment, this is an opportunity to acquire a high-performing asset in the heart of the capital.
**Option to buy the property fully furnished**
THE DETAILS
- Situated within in 'The Avenue' apartment complex
- Located on Level 5 (out of 9 levels)
- Intercom access
- Split level layout
- Oversized master bedroom ft. carpet, window fixtures & built-in wardrobe
- Fully tiled bathroom ft. floating vanity, shower and toilet
- European style laundry (located in bathroom)
- Open plan living and dining area ft. Dakin reverse cycle split system, window furnishings and access to private balcony
- Galley style kitchen ft. 600mm built-in 'Fisher & Paykel' oven, cooktop and integrated dishwasher
- Understair storage
- Linen cupboard
- Complex amenities include: swimming pool, outdoor BBQ areas & basement visitor parking
- Within walking distance of Canberra Centre, Braddon's cafés and food district, the light rail, Civic bus interchange, the ANU, Acton Precinct
- Short commute to Lake Burley Griffin, Black Mountain Peninsula & Australian War Memorial
- Year Built: 2015
- EER: 6 stars
- Approx. Living Size: 73 sqm
- Approx. Balcony Size: 9 sqm
- Approx. Council Rates: $430 per quarter
- Approx. Strata Rates: $1052.85 per quarter
- Approx. Strata Admin Rates: $244.05 per quarter
- Approx. Total Strata: $1296.90 per quarter + 170.75 per quarter (Special Levy)
- Approx. Rental Return: $540 per week (When rented fixed term lease)
