$487,777
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67/84 Northbourne Avenue, Braddon ACT 2612

Investment Property2216.0
Block size: 2151 m² approx.UV: $8,361,000 (2021)
Can I afford this property?

A Fabulous Investment Opportunity!

An investment opportunity in the heart of Canberra with a current net income of $2,400 per month could be just what your accountant ordered for the next addition to your investment portfolio!

This fully furnished and self-contained two bedroom apartment situated high on Level 5 in 'Mantra on Northbourne' could be the perfect "set and forget" investment. With an existing management arrangement with Mantra in place until 18 October 2023, the steady income that this pleasing opportunity provides will provide you with security and peace of mind.

Centrally located just seconds from the Canberra CBD, this fantastic opportunity is brilliantly located on the light rail route, and within easy walking distance to the Canberra Centre, and the many cafes, restaurants and bars located in the Braddon and City area - making Mantra a very popular location for visitors to Canberra to stay!

Guests will also enjoy the fantastic amenities at Mantra, including a heated indoor pool, sauna, gym, restaurant/bar, and undercover parking. Once the current management term has ended there is also the option of potentially renewing this or utilising the property yourself.

The spacious apartment is modern with comfortable soft furnishings, a queen size bed, a built-in wardrobe, and study desk. The kitchen is well-equipped with a fridge, microwave, cook top and dishwasher.

The bathroom features a bath/shower, vanity, plus a laundry with a washing machine and clothes dryer.

If you're seeking an astute investment with a steady return, then look no further than this fantastic opportunity!

Features include:

- Fabulous location in the very heart of Canberra
- Level 5 location
- Spacious and comfortable layout
- Fully furnished and equipped
- Separate Bedroom with built-in wardrobe
- Balcony access from bedroom
- Bathroom and Laundry
- LCD TV
- Air conditioning
- Secure underground parking (1)
- Heated indoor pool
- Sauna
- Gym
- Restaurant and bar on-site
- Short walk to Braddon restaurants and cafes
- Minutes from the ANU
- Situated on the Light Rail route
- Allocated basement car parking space on title
- EER: 6.0
- Living Space: 80 sqm (total) (unit 1 - 32sqm & unit 2 - 48sqm)
- Rates: $404.00 per quarter (approx.)
- Land Tax: $490.58 per quarter (approx.)
- Strata Levies: $654.50 per quarter (approx.)
- Water: $171.58 per quarter (approx.)

With the End of Financial Year upon us, right now could be the perfect Time!

Features
  • Allocated Car Space

Inspections

No open inspections scheduled.

Send an enquiry

Contact Ally Smith to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Investment Property
Block:16
Section:19
Block Size:2151 *
Unimproved Value:$8,361,000 (2021)
Rates (Residential):$36,547*
Rates (Commercial):$294,738*
Rates (Rural):$9,011*
Land Tax (Residential):$63,303*
*These are approximate values based on available information.
Edge Ally Smith

Maps and area information

Land Details
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Block information
Block 16 Section 19 Braddon
Block size: 2151 (approx)
Unimproved value: $8,361,000 (2021)
Legal description: CANB/BRAD/19/16
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2022.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Enrolment areas for ACT public schools.

What's nearby

Ainslie Primary SchoolPrimary School
0.8km
Campbell High SchoolHigh School
1.6km
Calvary Private HospitalHospital
4.6km
Canberra CentreMajor Shopping Centre
0.7km
Australian National UniversityUniversity
1.3km
Merici CollegeCollege
1km
Braddon Newsagency & Post OfficePost Office
0.2km
Aust. Defence AcademyTafe
3.3km

Home Loans

RepaymentsStamp duty & upfront costs

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
17 Jun 2012
Sold
$310,000
Contract: 23/03/2012
Transfer: 17/06/2012
Block size: 2151m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
28 Oct 1998
Sold
$249,950
Contract: 03/08/1998
Transfer: 28/10/1998
Block size: 2151m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling

Suburb and property insights

Median salesUnimproved value for 67/84 Northbourne Avenue
Median Sale Price For Braddon
$623,500
Average Age
29 years
Population
5,500
Braddon's Property Profile
Braddon's Occupancy

Contact agents

Edge Ally Smith

Edge Ally Smith

View agency details
Ally SmithEdge Ally Smith
Rhonda ColemanEdge Ally Smith
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Listing ID: 180722596. This listing has been viewed 2244 times. It was first displayed on 22/06/2022 and last updated on 27/07/2022.