- About this property
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Do you Dream of a 7% Yield!Property ID 1773645A secure property investment that is always tenanted!
Enjoy guaranteed returns and no management fees!
This opportunity is perfectly suited to institutional investors, self managed superannuation trusts or families looking for a guaranteed return on their investment.
Buying this investment opportunity also allows you to stay at other Mantra apartments at 25% reduction for standard rates and 10% reduction for already discounted rates offered by the Mantra Group.
* Two bedroom, two bathroom, fully furnished apartment
* Leased until October 2018
* Agreed rental return - $25,212.90 until October 2019
* Body Corporate - $2,446 per annum approx.
* Rates - $1251 per annum approx.
* Land Tax - $1,395 per annum approx.
* Water Rates - $631 per annum approx.
* Built in 1998
* NOTE - This property is available as an investment only
* Please phone Andrew Lonsdale on 0428 486 692 to organise a time to view
The added benefit with this investment is that it has the option to be leased out as a 2 bedroom or split into a studio and one bedroom, generating two incomes. This serviced apartment has large living areas, a functional kitchen, huge bedrooms, reverse cycle air-conditioning, two large bathrooms as well as a comprehensive Schedule of Chattels of the fully furnished apartment.
The complex is very well-maintained and provides a restaurant, bar and lounge area, gym, sauna, pool and conference facilities. Rent and a contribution to maintenance is guaranteed for 10+ years, and the complex is managed by the internationally recognised Mantra Group - renowned for quality apartments, so your investment is in safe hands.
Mantra on Northbourne, located a block from the centre of the Canberra CBD, is the perfect base to explore our nation's capital. Just moments away you will find Canberra's thriving dining and shopping precinct as well as some of the country's greatest attractions including Parliament House, the Australian War Memorial and the National Gallery of Australia.
Boasting spacious accommodation rooms, Mantra on Northbourne caters to both short-term and long-term travellers with the option of Hotel Rooms or self-contained One and Two Bedroom Apartments. Featuring LCD televisions, in-house movies and broadband internet access and most with lounge and dining areas, our Canberra accommodation is comfortable and well-appointed.
24 hour reception, secure parking, laundry service, a heated pool, sauna and gymnasium are all offered to ensure guests complete comfort during their stay and for all your dining needs we offer Stock Kitchen & Bar.