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$595,000

(no street name provided), Kingston ACT 2604

Apartment3221.0

It's all about Location

Owning a DHA investment property is one of the most secure investments you can have. Thanks to guaranteed rent throughout the lease term, whether the property is tenanted or not, and the long-term leases, much of the worry and stress of being an investment property owner is removed. Not only is a DHA investment property a solid base to build your property portfolio on, it really is an 'as 'safe as houses' investment.   
Currently available is this investment property located in the always popular suburb of Kingston in a leafy tree lined and only a short walk to some of Canberra's best restaurants, cafes, the Canberra Glassworks, the Bus Depot Markets and the atmosphere that draws tenants to the area from far and wide.
This exciting investment opportunity offers a top floor three-bedroom two bathroom apartment located over two levels with approximately 115m2 of living space.
On the first level of the apartment there is a large living room that flows out to a private balcony along with a functional kitchen, separate dining and master suite, ensuite and built in robes. The upstairs level offers two good sized bedrooms with built in robes and a main bathroom with separate toilet. There is also a laundry and extra storage space on this level.
The property also offers two allocated car spaces and storage in the basement.
The 'Somerset' complex offers established gardens, swimming pool and a fully equipped gymnasium that offers exclusivity to residents. In an excellent location this property is a set and forget investment too good to miss.

DHA Lease: 23/12/2018 to 22/12/2021
Lease Options: 1 x up to 36 months
Right to Vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension
Note: Lease option and Right to Vary are at DHA discretion only
Gross rent: $585 per week
DHA Management Fee: 13% inc GST includes all normal maintenance

This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit www.dha.gov.au to read about the benefits of investing in Defence Housing Australia property.

Features:
- 3 bedrooms
- 2 bathrooms
- Master bedroom offers ensuite
- Approximately 115m2 of internal living space
- Approximately 9m2 of balcony
- Top floor location
- 2 level apartment
- Reverse-cycle heating and cooling
- 2 secure basement car spaces
- Swimming pool, BBQ and gymnasium in complex
- Easy walk to all of the lifestyle benefits of living in Kingston
- Age of building approximately 26 years old
- Total Living: 115m2 approx.

Facts:
-Strata: $1075 p.q. approx.
-Rates: $2764.27 p.a. approx.
-Land Tax: $3503.05 p.a. approx.
-EER: 1

In response to some of the Covid-19 restrictions being lifted, Luton Properties can allow up to 20 attendees inside an open home at any one time. As a result of this, there may be a slight wait to enter our properties and we ask attendees to be prepared for this and factor this into your open home schedule. We would ask that only essential people come with you to open homes to limit large groups.
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When to inspect

No open times scheduled
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Key details

Property Type:Apartment
EER:1
Stamp Duty (Concessional):$15,017*
*These are approximate values based on available information.

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What's nearby

Telopea Primary SchoolPrimary School
0.7km
Telopea High SchoolHigh School
0.7km
The Canberra HospitalHospital
5.1km
Canberra CentreMajor Shopping Centre
3.9km
Australian National UniversityUniversity
4.4km
Aust. Federal Police CollCollege
0.6km
Kingston Post OfficePost Office
0.1km
Canberra Institute Of TechnologyTafe
2.1km

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            Property history
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            See Kingston's suburb profile

            Suburb and property insights

            Median salesMedian sales
            Median Sale Price For Kingston
            A$515,000
            Average Age
            33 years
            Population
            4,424
            Kingston's Property Profile
            Kingston's Occupancy

            Contact agents

            Luton Properties Dickson

            Luton Properties Dickson

            View agency details
            Melissa Martin-SmithLuton Properties Dickson
            Jane AhernLuton Properties Dickson
            Please send me information on (no street name provided), Kingston ACT 2604
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            Listing ID: 177520819. This listing has been viewed 1701 times. It was first displayed on 22/06/2020 and last updated on 26/06/2020.