113/11 Giles Street, Griffith, ACT, 2603 - Apartment Sold on 06 08 2024

SoldAug 6, 2024

113/11 Giles Street, Griffith, ACT, 2603

$485,000

63 m²

Apartment

•

30+ days on the market

Sold: Aug 6, 2024

What's around 113/11 Giles Street

High Rental Return The Investment You're Looking For

Centrally located in the sought-after suburb of Griffith, this fantastic investment is not one to be missed. Situated between Manuka and Kingston shops you're within walking distances of endless cafes, restaurants and amenities making it a very appealing lifestyle opportunity. The updated interior offers two bedrooms, one modern bathroom, with a front and back courtyard. The back courtyard is fully enclosed with private access on to Giles Street. Adina Serviced Apartments offers a large indoor pool, gym, sauna, and well-maintained complex gardens. Apartment 113 has one undercover car space, with lift access to the ground floor apartment. Currently on a long-term lease with Adina Serviced Apartments the risk free nature of this opportunity means this unit receives a guaranteed rental return of $29,205 for 52 weeks of the year until December 2025. With this in place you wont have to worry about occupancy. Single level, super convenient location It's simply too good to miss. Features Two-bedroom, one bathroom apartment Modern bathroom Light filled living One reverse cycle split system Private courtyard with access to Giles Street One undercover car space Off-street visitor parking Adina Gym, Pool and Sauna Guaranteed occupancy 52 weeks of the year with a rental return of $29,205 per annum reviewed annually, with capital growth potential Lease agreement until December 2025 Located in the Inner South Walking distance to Kingston and Manuka Shops EER: 6 Living Size: 63m2 plus 63m2 courtyard space (approx.) Body Corporate Fees: $7,454 p.a (approx.) Land Rates: $2,759 p.a (approx.) Land Tax: $3,520 p.a (approx.) Water and Sewage: $747 p.a (approx.)