617/74 Northbourne Ave, Braddon, ACT, 2612 - Apartment Sold on 01 07 2019

SoldJul 1, 2019

617/74 Northbourne Ave, Braddon, ACT, 2612

$370,000

76 m²

Apartment

•

30+ days on the market

Sold: Jul 1, 2019

What's around 617/74 Northbourne Ave

Central Solid Investment

This fully-furnished, one-bedroom apartment (617) is located on the seventh floor of the Adina "James Court" building on the corner of Northbourne Avenue and Cooyong Street in Braddon. Across the road on Cooyong Street is the Canberra City CBD. The apartment is the largest of the one-bedroom apartments (only two on each floor) in "James Court" at 69m2 with an additional 7m2 of private balcony (76m2 in total). The apartment includes a large, corner, basement level one parking space. Owned since new by its existing owner and is currently under licence to Medina Property Services as a serviced apartment. After a recent increase, it earns $23,190 gross income per annum with nil vacancy. The "James Court" Apartments are very well maintained and the apartment has been refurbished three times since new on each occasion that Medina Property Services has sought to do so. The property incorporates a number of retail and commercial operations including a McDonalds outlet and it is located across Cooyong Street from the largest, current, Canberra City commercial office redevelopment. The apartment and the balcony overlook Northbourne Avenue and the new Light Rail System and has views to Black Mountain to the West. Entry is off Northbourne Avenue and there is a central, Main Entry Reception Area and an up-graded security and access control system. The building is fire sprinkler protected over all levels. The perfect combination of locale, style and convenience has never been easier to obtain, call now to arrange an inspection. PLEASE NOTE: INSPECTIONS ARE BY APPOINTMENT ONLY. Property features: * Private balcony with views over the city and Black Mountain * Pool, spa, gym and BBQ facilities in complex * Under license to Adina Serviced Apartments * Sought-after CBD location amongst restaurants, bars and cafes * Mirrored built-in robe in bedroom * Spa bath in bathroom * Split system A/C * European laundry * Security and access control system * 76m2 in total * $23,190 gross income p.a. * Residence: 69m2 * Balcony: 7m2 * Complex built in approx. 1994 * EER: 6.0