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619/74 Northbourne Avenue - BRADDON 

SOLD
EER 6.0
CAR 1
BATH 2
BED 2
Agent:
Mark Larmer
P    02 6209 4000
M   0403 215 246

Positively geared, low maintenance investment renting for $576/w


This unit offers live in owners & investors many options both now & in the future.

Live in owners:

Buyers can move in & live in the unit which comes fully furnished.

Investors look at these numbers:

This recently renovated apartment is part of the 'Medina' serviced apartment scheme, where investors will receive a guaranteed rental return & a zero vacancy. Would you like an investment property that can be positively geared from day one?

  • Income of $30,000/year, that's $2,500/month or $576/week
  • Plus, you will receive an extra $100/month or $1,200/year for the Capital Equipment Reserve Fund. (This is additional income for future upgrades of any furniture items)
  • Owners will receive a discount up to 30% off at any TFE hotel, subject to availability
  • Investors can also look to rent the unit privately or through a property manager
  • Depreciation schedule available and is transferrable
  • $22,000 approximately already spent on recent renovations which includes a full furniture package

Location and the building:

Braddon is already booming & is the place to be thanks to vast array of great cafes, restaurants & bars & it's only a short walk to the Canberra Centre, the ANU & much more. ‘James Court' literally boarders the City & Turner, & with the light rail stop & bus interchange on your doorstep you won't need to use a car, so you why not rent out the car space for around $2,500/year & give yourself a little extra income.

SMS "619 James Court" to 0407 121 412 to get a copy of the digital brochure containing the contract.

The Apartment:

  • 6th floor apartment
  • North & west facing
  • End unit, windows on 2 sides
  • Living area 85m2 plus 8m2 covered balcony approx                          
  • Open plan living area & large kitchen
  • Reverse-cycle air conditioning units in main bedroom & living area
  • Large spa bath
  • New carpets & paint approx. 3 years ago
  • Fully furnished (updated furniture approx. 4 years old)
  • Both bedrooms have mirrored sliding door robes
  • Single allocated car space

 The Building:

  • The upcoming light rail to be on your door stop
  • NBN ready
  • Numerous security cameras throughout the building
  • Lift access
  • Onsite facilities include gym, pool & sauna, rubbish chute on every floor
  • 24 hour on site reception
  • Renovated building - the following major costs have already been paid for & invested in by the current owners; exterior painting, the replacement of all three lifts and an update of the pool area