- About this property
- Explore Macquarie
Cash Positive Investment - Over 7.9% Gross ReturnProperty ID 1645802Whether you are looking for your first investment property or looking for an easy addition to your growing portfolio, this neat studio apartment offers an affordable entry into one of Belconnen's most popular suburbs. The long term happy tenant has just signed another 12 month lease at $305.00 per week so you are assured of making money from Day 1!
Other features include:
• Solid brick construction
• Updated kitchen with stainless steel appliances including dishwasher
• Modern bathroom/laundry with IXL tastic
• Private north facing patio
• Covered car accommodation
• Currently rented for $305.00 per week on a fixed term lease until April 2018
• EER 4.0
The location is excellent - a bus stop at your door, a short walk to the popular Macquarie shops and only minutes from Jamison Plaza, Belconnen Town Centre, A.N.U. and University of Canberra.
With interest rates below 5% and a rental return above 7%, now is the perfect time to invest in Canberra.
Rates: $1437 per year
Body Corp: $1913.60 per year
Land Tax: $1733.36 per year (investors only)