It's not a typo, but it might be too good to be true. All offers above $420,000 considered,making this the best value apartment in the Inner South. Quality complex, consevative gross yield of 5.8%*, and a vendor who needs it sold before Christmas. Inspection will confirm value so don't delay.
Ideally positioned within the popular Somerset complex which is right in the heart of South Canberra's most stylish precinct, this 2 bedroom apartment is sure to please. Tucked away from the main road for added privacy and comfort, the corner position also provides larger living areas ensuring maximum value for money.
The apartment features large bedrooms and separate dining and living rooms. The kitchen offers plenty of storage, and interacts beautifully with the dining room and one of two balconies (which is North facing) for those who like to entertain. Both bedrooms are a good size with their own robes for storage, and the apartment also has a RC/AC unit for year round comfort and an internal laundry.
The complex provides the convenience of its own pool and gym together with mature gardens and trees adding to the secluded feel.
The vendor will miss being literally moments from some of Canberra's best caf's and restaurants, together with the convenience of having a supermarket and newsagent within a 100m stroll. For the health conscious Lake Burley Griffin is only two blocks away, as are bike paths which link to all regions of the capital.
Whether it's an ideal investment sure to attract a quality tenant, or the ultimate inner city pad, you won't be disappointed with what this property has to offer.
Features include:
Two bedroom, both with BIR
Separate living areas
Two balconies which ensure excellent airflow particularly in the warmer months
Large kitchen with plenty of storage and bench space
Basement car parking
Minutes away from one of Canberra's best caf, restaurant, shopping and entertainment precincts
Investors note:
Estimated rental income: $480-$500 per week
Body corporate fees: $1,768 (approximate)
Rates and Land Tax: $1,716 p.a. (approximate)
