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Apartment Details

Bedrooms  x 2   Bathrooms  1   Ensuites  x 1   Garaging  x 1  

EER 6.0
On Floor 3
Body Corporate

Vital Statistics

Block Size: 2151.2 m2 (approx)
Apartment Size: 86 m2 (approx)
Unimproved Value: 2009 - $6,270,000

(UV is for entire block at 84 Northbourne Avenue)

Open For Inspection Times

None scheduled at this time.

Past Sales & Property Information

Suburb Info: Braddon
Postcode Info: 2612

Taxes

Stamp Duty (Concessional): $20
Stamp Duty: $9,300

Location

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Block Map

NOTE

Always verify block details with the agent or vendor. These maps are generated by cross referencing with our spatial information database, but this does not mean they they will always correspond with the listed property. Measurements are estimates only.

Maps are produced from ACTMAPi data, supplied by the ACT Planning and Land Authority. Copyright ACT Government 2009.

What's Nearby

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Distance to nearest Post Office

BRADDON NEWSAGENCY & POST OFFICE - 0.2 km

Major Shopping Centre

CANBERRA CENTRE - 0.7 km

Hospital

CALVARY PRIVATE HOSPITAL - 4.6 km

Primary School

AINSLIE PRIMARY SCHOOL, AINSLIE - 0.8 km

High School

CAMPBELL HIGH SCHOOL, CAMPBELL - 1.6 km

College

MERICI COLLEGE - 1.0 km

University

AUSTRALIAN NATIONAL UNIVERSITY - 1.3 km

(approximate straight line distances)

Braddon Profile

Average age: 29 years
Houses: 13.8%
Townhouses: 20.4%
Flats & units: 65.6%
Other: 0.2%
Population: 3,575
     

305-306/84 Northbourne Avenue, Braddon - Mantra on Northbourne

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$295,000

Inner City Serviced Apartment

Very well-presented 3rd floor 2 bedroom ensuite serviced apartment in ‘Mantra’ complex. Property has option to be leased out as a 2 bedroom or split into a studio and one bedroom. The ‘Mantra’ is located just a short stroll to the City therefore providing an excellent location for those visiting Canberra for the short and longer-term.

This modern apartment with balcony is fully-furnished and comes with a long lease. The complex is very well-maintained by the management and provides a gym, sauna, pool and conference facilities.

This property is ideal for the investor that is looking for a strong continued income without the stress that can arise with many investments.

Monthly Return - $1630
Body Corporate - $2601.20 p/a
Rates – $876.51
Land Tax – $341.50
Depreciation amounts available on request

Ideal as a cash flow asset for superannuation funds.

Please note - these apartments are for investment only and cannot be lived in.
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Agent Details

Independent Property Group Civic

P: 02 6209 1700
F: 02 6257 5502
E: civsales@independent.com.au

The Avenue, Cnr Barry Drive & Moore Street Turner ACT 2612
www.independent.com.au

IPG (Civic) Pty Ltd
Licenced Agent
View all sales listings for this agency

Gail Davis

Gail Davis View profile

0427 961 568  or  02 6209 1720  gail.davis@independent.com.au

View all sales listings for this agent

What do I need to purchase this property?

Initial Requirements (assuming sale price of $295,000)

Stamp duty $9,300
Legal fees1 $800
Loan application fees2 $655
Minimum deposit (10%)2 $29,500
  Total initial payment:   $40,255

Monthly Repayments (assuming deposit of $29,500 and sale price of $295,000)2

Loan repayments on $265,500 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $1,757 per month

Notes

  1. 1Legal fees are estimated and will vary from firm to firm.
  2. 2Includes application fee, mortgage legals and valuation for standard residential ACT property. Additional Land Titles Office fees are applicable for the registration and transfer of mortgage. The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 7/5/08, last updated on 18/8/10, and has been viewed 104523 times. Please note the counter is not updated immediately.

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