Positioned at The Establishment in the heart of Gungahlin, this contemporary 2 bedroom, 2 bathroom apartment presents an excellent opportunity for investors seeking immediate rental income, an attractive gross yield and a low maintenance addition to their property portfolio.
Currently leased at $550 per week until 10 December 2026, the property generates $28,600 in annualised rental income. Based on a purchase price of $415,000, this represents an attractive gross rental yield of approximately 6.89%.
Offering 53m² of internal living plus an 8m² balcony, the apartment makes efficient use of its space while providing the features that appeal to modern tenants.
The open plan living and dining area connects with a contemporary kitchen, creating a functional space for everyday living. The private balcony extends the living area outdoors, while the elevated Level 10 position adds to the appeal.
With 2 bedrooms and 2 bathrooms, the floor plan offers flexibility for professional couples, shared households or tenants requiring a separate home office. A secure car space adds further convenience.
Beyond the apartment itself, The Establishment provides an impressive collection of resident amenities, including a heated lap pool, spa, gym, rooftop open air cinema and communal dining and BBQ facilities. These lifestyle inclusions contribute to the property’s appeal within the competitive rental market.
The location is equally compelling. Gungahlin Marketplace, major supermarkets, cafés, restaurants and the Light Rail are all within easy reach, while nearby Yerrabi Pond provides walking paths, recreation and green space.
Combining immediate rental income, an attractive entry price and the benefits of a well equipped residential development, this is a compelling investment opportunity for buyers seeking strong returns and long term rental appeal in one of Canberra’s established town centres.
The Perks
* 53m² internal living plus 8m² balcony
* Open plan living and dining
* Contemporary kitchen
* Private balcony
* Secure car space
* Heated resident lap pool and spa
* Resident gym
* Rooftop open air cinema
* Communal dining and BBQ facilities
* Walking distance to Gungahlin Marketplace
* Convenient access to Light Rail and public transport
* Close to Yerrabi Pond and surrounding recreation areas
The Numbers
* Purchase price: $415,000
* Current rent: $550 per week
* Annualised rental income: $28,600
* Gross rental yield: Approx. 6.89% at $415,000
* Tenancy expiry: 10 December 2026
* Internal living: 53m²
* Balcony: 8m²
* Total area: 61m²
* EER: 6.0
Gross rental yield is calculated using the current weekly rent annualised over 52 weeks and a purchase price of $415,000. Actual yield will vary with the final purchase price and excludes property expenses, vacancy and acquisition costs.
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.
