COVID-19: Updated guidelines for your safety
$520,000
agency logo

7/28 West Row, City ACT 2601

Apartment226.0
Block size: 3246 m² approx.On floor: 1 of 2

A rare offering - Pure blue chip investment - Melbourne Building City

Spacious 2 bedroom 2 bathroom 1 carpark apartment - part of the Quest Apartments Hotel.   


Inspections by appointment and subject to access availability.

Corner position with covered arched full length balcony. 

Allocated carpark in Odgers Lane at rear of the apartments.

Apartment area - Living - 64m2 +  Balcony- 49m2.

Leased to Canberrra Quest Inn Pty Ltd for 4 years plus 5 year option.

Showing a 4.36% net return as per investment brief below.

Excellent opportunity to purchase an easy investment with a solid return.


                                   Investment Brief 

7/28 West Row City - set in the historic Melbourne Building on 1st floor in the heart of Canberra City. Amazing wrap around high ceiling and arched balcony. 

Currently leased to Canberra Quest Inn Pty Ltd. 

Gross annual rent paid to owner                                    $32,424.00

Lease to Canberra Quest Inn 

4 years expire 2024 + 5 year option

Rent review 3.0% pa on lease expiry 2024

Expenses pa approx.

Body Corporate                    $2,936.24

Rates (2020 - 2021)              $5,886.14

Water & Sewerage               $    667.34

City Improvement Levy      $    249.49                            $ 9,739.21

            Approx  Net Income pa                                      $22,684.79

Showing 4.36% net return - subject to above calculations.


*Covid-19 protocols in place.

Disclaimer: We take the utmost care in providing information regarding properties advertised for sale, however we accept no responsibility and disclaim all liabilities in regards to any errors or inaccuracies contained in advertising material. All parties should rely on their own investigation to authenticate information.

Features
  • Allocated Car Space
Can I afford this property?

Inspections

No open inspections scheduled.

Send an enquiry

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

Key details

Property Type:Apartment
Block Size:3246 *
Floor:1 of 2
*These are approximate values based on available information.

Past sales

Property History
It's now easier to find past sales
We've built you a better time machine. Find it in the new property history section.
Wright Dunn Real Estate

Maps and area information

Land Details
There's a lot more to see
Using overlays will allow you to see details such as school catchments, zoning and easements.
Error loading maps. Please try again later.
Block information
Block size: 3246 (approx)
Block Map
No block information available
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2021.
Need more info? We've got you covered.
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.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

What's nearby

Ainslie Primary SchoolPrimary School
1.2km
Campbell High SchoolHigh School
1.8km
Calvary Private HospitalHospital
4.8km
Canberra CentreMajor Shopping Centre
0.5km
Australian National UniversityUniversity
0.9km
Merici CollegeCollege
1.6km
City Post OfficePost Office
0.1km
Aust. Defence AcademyTafe
3.3km

Property history
New

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
01 Mar 2012
Sold
$445,000
Contract: 15/01/2012
Transfer: 01/03/2012
Block size: 3246m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling

Suburb and property insights

Median salesMedian sales
Median Sale Price For City
$420,000
Average Age
24 years
Population
4,276
City's Property Profile
City's Occupancy

Contact agents

Wright Dunn Real Estate

Wright Dunn Real Estate

View agency details
Peter AndrighettoWright Dunn Real Estate
Please send me information on 7/28 West Row, City ACT 2601
Only to be used for sending genuine email enquiries to the Agent. All Homes Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

More sales listings from Peter Andrighetto

property photoproperty photo
$400,000+
6/161 London Circuit
City ACT 2601
View all sales listings for Peter Andrighetto
Listing ID: 178916994. This listing has been viewed 2031 times. It was first displayed on 16/11/2020 and last updated on 22/12/2020.