620/74 Northbourne Avenue

Braddon ACT 2612

With over 80m2 of living and set on the corner of the building over a single level, its 6th level position away from Northbourne Avenue ensures peace and privacy and the outlook from the covered balcony to Mt Ainslie and the swimming pool below is a lovely spot to enjoy all year round. Other facilities of the building you (or your tenants) will benefit from include a sauna, gym and lift access from basement and ground direct to your level so no stairs to navigate.

To get a copy of the digital brochure containing the full contract, please send us an email from any of the web portals noting your full name and mobile number and it will be automatically sent to you.

Features overview:
Elevated 6th floor apartment away from Northbourne Av so peaceful position in the building
Views to Mt Ainslie from living areas and balcony
End unit, windows on 2 sides letting in lots of natural light
North and East facing aspect
To be sold fully furnished (full inventory list in contract)
Covered balcony, accessed from living & main bedroom overlooking pool
Open plan living area
Kitchen comes with built-in fridge/freezer electric oven, 4 burner electric cooktop, under bench dishwasher, microwave
Both bedrooms have mirrored, sliding door, built in robes
Reverse cycle air conditioning units in main bedroom & living area
Large spa bath in ensuite with shower over
NBN to the building
Single allocated car space in basement
Numerous security cameras throughout the building
Residential lift access direct from basement & foyer to your level (no stairs to navigate)
Onsite facilities include gym, pool & sauna, rubbish chute on every floor

The numbers (approx):
Living area: 82m2
Size of covered balcony: 9m2
Level in building: 6 of 8
Age of unit: 29 years. (built 1994)
General Rates: $1,880 p.a.
Water & sewerage rates: $740 p.a.
Land Tax (investors only): $2,244 p.a.
Strata levies: $8,308 p.a.
Total rental income received from Adina serviced scheme for financial year ending 30th June 2023: $31,236
Contribution to capital equipment reserve: $1,200
Balance of capital equipment reserve as of 30th June 2023: $1,746
$18,064/year net profit through serviced scheme after paying running costs (excluding bank loan repayments)
Energy efficiency rating (EER): 6 out of 6 stars
Number of units in James Court development: 197
Strata manager: Slade Minson from Vantage Strata phone 1800878728
Units plan number: 1144
Total balance of the admin fund as of 22/08/2023: $202,755
Total balance of the sinking fund as of 22/08/2023: $523,072

Location and the building:
Braddon is booming & is the place to be thanks to vast array of great cafes, restaurants & bars and it's only a short walk to the Canberra Centre, the ANU and much more. To help modernise the building the following major costs have already been paid for & invested in by the owners of the building; exterior painting, the replacement of all three lifts and an update of the pool area (still being completed).

To help buyers, we offer the following:
Written buyer price guide, which your offer must exceed
Confidential offer process meaning one buyers offer will not be disclosed to any other buyers
A digital brochure with everything to consider a purchase, including the full contract (request this via email from any of the portals)
We refer a solicitor who can review the contract for FREE
Same solicitor can provide a FREE Section 17 Certificate to waive the cooling off period and submit an unconditional offer
Free valuation(s) on other properties you own to help establish your current equity base and assist with your finance approval
5% deposit on exchange pre-approved