Invest in the Best

In accordance with new ACT Government health guidelines; from 11.59pm on Friday 17 September 2021 private buyer inspections may take place by appointment only. Please call to discuss booking a time for a private inspection.

Please Note: This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to read about the benefits of investing in Defence Housing Australia property.

Situated in an exclusive complex, just a stroll away from Parliament House and Parliamentary Triangle offices, this executive investment property is a set and forget opportunity.

With a weekly rent of $460 per week and a gross rental yield of approximately 5.4%, the one bedroom plus study nook apartment offers a secure guaranteed weekly rent for the duration of the DHA leases. Once the leases expire, the apartment will be made good (under the terms of the DHA Care Package Agreement) for the new owner to live in, or rent out again on the private market.

The location and quality of the apartment make it a highly desirable working-week home for parliamentary and government workers, fly-in, fly-out contractors or an ideal Airbnb option for visitors taking in the national attractions.

Located on the first floor, overlooking gardens at the rear of the complex, the apartment offers open plan living. Incorporating a modern kitchen with stainless steel appliances, high gloss finish storage cupboards, plenty of bench space and a dishwasher, the living area opens to a balcony, perfect for relaxing after a long day at work.

The study is a designated area, separate from the living room and the bedroom has a built-in wardrobe. An adjacent contemporary bathroom incorporates the laundry facilities. Secure basement parking includes a storage cage.

If you’re looking to add an almost new, superbly located unit to your investment portfolio then consider this light-filled one bedroom plus study, one bathroom apartment.

Are you a 1st home buyer wanting your first home to be in an upmarket area, with a strong capital growth record? This apartment could be your first footstep into your real estate future.

In a prime position, with easy access to the City, Kingston and Manuka’s buzzing night life, let the rent pay the mortgage until the leases expire, then rent again or move-in and enjoy the lifestyle benefits this executive apartment, and location, offers.

Contact the agent for further information and to arrange a viewing.

DHA Lease Details:
Lease start date: 12/11/2013
Lease end date: 11/11/2022
Lease option: Used
Right to vary: 1 x up to 12 months Reduction & 1 x up to 12 months Extension
Note: The Option and Right to Vary are at DHA’s discretion.
Rent: $460 per week with annual review

Features Include:
-Light-filled living room
-Reverse Cycle Air Conditioner
-Designated Study area
-Modern kitchen with quality fixtures
-Stainless steel appliances, dishwasher
-Electric wall oven, gas cook top
-Spacious bedroom with built-in robe
-Bathroom with large shower & Laundry
-Balcony overlooking rear gardens
-Lift
-Secure basement parking
-Storage cage
-Living: 50m²
-Balcony: 8m²
-Parking: 14m²
-Storage: 2m²
-35 apartments in complex

-Body Corp Fees (Admin & Sinking Funds): $2148.25p/q
-Rates: $1519.84 pa
-Land Tax: $1750.66 pa
– EER: 6.0
-Built: 2012
(Please note: All measurements and amounts are approximate.)

In response to some of the Covid-19 restrictions being lifted, Luton Properties can allow up to 20 attendees inside an open home at any one time. As a result of this, there may be a slight wait to enter our properties and we ask attendees to be prepared for this and factor this into your open home schedule. We would ask that only essential people come with you to open homes to limit large groups.