This is a unit located on a lot in Braddon ACT. Estimated value at this time is $485,000. In the council area Canberra Central, with 2 bedrooms and 2 bathrooms.
A set & forget investment or a renovated place to live. This 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? Investors: $21,000 already spent on recent renovations, which includes a full furniture package Income of $29,016/year that's $2,418/month or $558/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) Total income = $30,216/year Owners will receive a discount up to 30% off at any TFE hotel, subject to availabilityLive-in owners:This purchase opportunity is not exclusive to investors. For a live-in owner the property can be taken out of the serviced scheme with 90 days' notice (sometimes less) so you can have a fully furnished & renovated property to move in to.Location & the building: Braddon is already booming & is the place to be thanks to vast array of great cafes, restaurants & bars. It's also only a short walk to the Canberra Centre, the ANU & much more. To help modernise the building, the following major costs have already been paid for & invested in by the current owners: exterior painting, the replacement of all 3 lifts & an update of the pool area.Features: Elevated 4th floor apartment End unit, windows on 2 sides East-facing with a leafy outlook into the established trees Living area 84m2 plus 8m2 balcony approx Covered balcony, accessed from living & main bedroom Open plan living area & large kitchen Both bedrooms have mirrored sliding door robes Reverse-cycle air conditioning units in main bedroom & living area Large spa bath Full furniture package New carpets & freshly painted NBN to the building Single allocated car space Numerous security cameras throughout the building Residential lift access direct from basement & foyer to your level On site facilities include gym, pool & sauna, rubbish chute on every floor