* 25/101 Hennessy Street - 3 Bed 2 Bath 1 Car - 78m² - $360,000 * - Under Offer
* 19/101 Hennessy Street - 1 Bed 1 Bath 1 Car - 30m² - $200,000 * - Under Offer
Exceptional investment opportunities like these are rarely offered. Available individually or together, these 2 purpose built student accommodation properties within the established UniGardens complex deliver outstanding rental returns, immediate income and the simplicity of true set and forget investing.
25/101 Hennessy Street is a spacious 3 bedroom, 2 bathroom, 1 car space apartment currently returning $745 per week, delivering an outstanding gross yield of approximately 10.76% based on the asking price of $360,000.
19/101 Hennessy Street is a well appointed 1 bedroom, 1 bathroom, 1 car space apartment currently returning $390 per week, representing an impressive gross yield of approximately 10.14% based on the asking price of $200,000.
Please note these properties are purpose built student accommodation and are available exclusively as investment properties. Under the development's occupancy requirements, they are not available for owner occupiers and must be occupied by eligible students. This creates a specialised investment opportunity supported by a consistent tenant demographic and ongoing demand from one of Canberra's largest education precincts.
Located directly opposite the University of Canberra and just moments from Bruce CIT, the Australian Institute of Sport and Belconnen Town Centre, UniGardens has built a strong reputation amongst investors seeking affordable, low maintenance properties with dependable rental demand.
Whether you're seeking an affordable entry into the investment market or looking to strengthen your portfolio with a high yielding asset, these properties offer immediate cash flow from established tenancies and the confidence of investing in a proven location.
Purchase either property individually or secure both to maximise your investment potential within one of Canberra's most recognised student accommodation developments.
The Investment Advantages
• Available individually or together
• Purpose built student accommodation for eligible student tenants only
• Investment only opportunities that are not available to owner occupiers
• Proven set and forget investment opportunities
• 19/101: 1 bedroom, 1 bathroom returning $390 per week with an approx 10% gross yield
• 25/101: 3 bedrooms, 2 bathrooms, 1 car space returning $745 per week with an approx 10.76% gross yield
• Established tenancies providing immediate rental income
• Strong, consistent student accommodation demand
• Dishwasher included with 25/101
• Directly opposite the University of Canberra
• Close to Bruce CIT, the Australian Institute of Sport and Belconnen Town Centre
Outgoings:
25/101 Hennessy Street
• Rates, per annum: $1672.46
• Land Tax, per annum $ 526.06
• Strata Fee, per quarter $1646.05
• Water, per quarter $210.54
19/101 Hennessy Street
• Rates, per annum, $1572.56
• Land Tax, per quarter $487.43
• Strata Fee, per quarter $823.05
• Water Charges, per quarter $210.54
Disclaimer: The material and information contained within this marketing is for general information purposes only. The Property Collective does not accept responsibility and disclaims all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.
