$435,000+

317/240 Bunda Street,City ACT 2601

Apartment111
Block size: 4181 m² approx.On floor: 3 of 15

ALL OFFERS CONSIDERED

Tenanted for $515 per week, readymade investment 

Perfectly positioned on the edge of Glebe Park and therefore just moments to the City Centre this spacious apartment offers a lifestyle unmatched by any other area of Canberra. The city is currently undergoing a renewal which is highlighted by the renovations at The Canberra Centre, new restaurants such as Lazy Su & Raku, old favourites Akiba or Italian & Sons, a host of bars that includes Kokomo's and Shorty's. The area is being put on the map as a lifestyle precinct and the Manhattan Apartments are in the heart of it.

From an investment point of view there are a number of established businesses located in the city and a number of Government departments such as the Australian Taxation Office, the Department of Environment and Energy and the Department for Industry and Innovation which is located in a neighbouring building. This means that there are always a high number of tenants looking to live in the area and many of whom have their companies covering the rent. This property is tenanted at $515 per week and if you were to purchase the property with a 10% deposit your mortgage payments would be in the vicinity of $450 per week (assuming a rate of around 4%).

Stepping inside the apartment you will see the quality that Amalgamated Property Group so meticulously strived for on this development. This was recognised by it winning the API Property Development Award and MBA Apartment and Units Four Storeys and Above award in 2014. For me though it's the little things that I notice such as gas top cooking, Bosch appliances and the amenities such as the pool and gym. This property is located on the podium level of the building and is therefore one of only a few that has a courtyard rather than a balcony. This extra entertaining space would be great for someone who enjoys hosting friends or has a small dog.

In Summary:

  • Courtyard for entertaining
  • Great location
  • Filled with natural light as orientated north
  • Rented for $515 per week till August 2020
  • Award winning development
  • Spacious and high quality finishes 

Outgoings:

  • Body corporate $630 p.q (approx.)
  • General rates $320 p.q (approx.)
  • Land tax $340 p.q (approx.)
  • Water and sewage $160 p.q (approx.)
Features
  • Body Corporate
  • Broadband
  • Core Area
  • Dishwasher
  • Electric Garage Doors
  • Entrance Hall
  • Gym
  • Intercom
  • Off-street Parking
  • Outdoor Entertaining Area
  • Reverse Cycle a/c
  • Swimming Pool
  • Underground Powerlines
Can I afford this property?

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Apartment
Block Size:4181 (approx)
EER:5
Stamp Duty:$9,190
Floor:3 of 15
 
Purnell Citywide

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Block information
Block size: 4181 (approx)
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What's Nearby

Ainslie Primary School, AinsliePrimary School
1km
Campbell High School, CampbellHigh School
1.2km
Calvary Private HospitalHospital
5.4km
Canberra CentreMajor Shopping Centre
0.2km
Australian National UniversityUniversity
1.5km
Merici CollegeCollege
1.7km
City Post OfficePost Office
0.7km

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            City Suburb Information

            Median Sale Price For City
            $510,000
            Average Age
            24 years
            Population
            2,824
            City Profile
            City Occupancy

            Contact agents

            Purnell Citywide

            Purnell Citywide

            View agency details
            Nick PurnellPurnell Citywide
            Please send me information on 317/240 Bunda Street, City ACT 2601
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            This listing has been viewed 3054 times. It was first displayed on 22/11/18 and last updated on 01/11/19.