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.
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Block size: 4181m² (approx)
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