47/74 Northbourne Avenue, Braddon, ACT 2612

Positioned within the established James Court complex in an exceptional inner-city location, this spacious two-bedroom apartment presents an attractive investment opportunity with the added flexibility of owner occupying whenever suits you.

Currently rented as a part of the Adina Hotel, the apartment provides an established rental return and a convenient, hands-off investment option in the heart of Canberra. However, there are a number of additional options available to any purchaser. The apartment can easily be purchased by a live-in owner and withdrawn from the current rental scheme, allowing them to occupy the apartment. You can also choose to rent the apartment privately or through an agent or platform for short term stay such as Airbnb, the choice is yours.

The apartment itself offers a spacious floor plan with considerably more space than many newer inner-city two-bedroom apartments, with a large open-plan living and dining area extending to a west-facing balcony. The adjoining kitchen provides excellent bench space and storage, while the apartment's large windows capture plenty of sunlight and provides a pleasant outlook from the main living areas.

Accommodation comprises two well-proportioned bedrooms with built-in robes, including a main bedroom with its own ensuite, together with a second bathroom, internal laundry and excellent storage. A secure basement car space completes the package.

The location is difficult to beat. Light rail is virtually at the doorstep, while the restaurants, cafés and bars of Braddon's Lonsdale Street precinct are only moments away. Canberra Centre, the CBD and Australian National University are all within easy walking distance, providing exceptional convenience for both investment and future owner occupation.

Features include:

• Spacious two-bedroom, two-bathroom apartment
• Currently rented within the Adina Hotel accommodation scheme with attractive rental returns
• Apartment can be withdrawn from the Adina rental scheme and occupied by a live-in buyer or rented separately if desired.
• Generous open-plan living and dining area
• Balcony adjoining the living area
• Functional kitchen with excellent storage and bench space
• Main bedroom with built-in robe and ensuite
• Generous second bedroom with built-in robe
• Main bathroom contains internal laundry
• Secure basement car space
• Scope to update and personalise in the future
• Light rail immediately out the front on Northbourne Avenue
• Moments from Braddon's Lonsdale Street dining precinct
• Easy walk to Canberra Centre, CBD and ANU
• Outstanding combination of investment income and future flexibility

The James Court development:

• 24-hour reception, convenient for the collection of mail, parcels etc
• Fast internet - NBN (FTTB)
• Pet-friendly (subject to strata notification)
• Bike storage in the basement
• Dual lift access direct from basement & foyer to your level
• Onsite facilities include gym, outdoor pool & sauna, BBQ's

Key Figures:

• Living: 79m²
• Balcony: 7m²
• Year Built: 1994
• Current rental income: $2,500 p/m (Over 7% rental yield).
• Strata: $2,111 p/q
• Rates: $458 p/q
• Land Tax (if rented): $520 p/q

Type

Apartment

Bedrooms

2

Bathrooms

2

Parkings

1

House Size

79 m²