43/11 Giles Street, Griffith ACT 2603

Part of the Medina Complex in Griffith/Kingston, this delightful two bedroom apartment offers a guaranteed income. Suitable for investors only, the property is leased to TFE Hotels for most of a 10 year contract. Unlike most rental properties, the finding of tenants and making repairs is not the concern of the owner as this is all managed by Medina. Over the past year Medina have had a 92% occupancy rate, however, regardless you receive a guaranteed rental income. Please call me on 0419 208 244 to make an appointment to inspect.

Combining space, style and location in one perfect package, this renovated apartment includes light-filled living and dining area flowing to the balcony with a north to north easterly aspect and leafy outlook. The newly renovated kitchen includes stone benches and quality appliances. There are two bedrooms and fully renovated spacious bathroom with laundry facilities.

The complex is beautifully maintained with lush internal gardens, outdoor and indoor swimming pools and plenty of car accommodation.

An easy stroll to Kingston offering a wonderful array of restaurants and close proximity to the Manuka shopping precinct. If you are looking for a guilt-edged investment this property is worthy of your attention.

Income: Currently $23,304.00 pa (approx.)

Outgoings: Annual Body Corporate Fees (including Sinking Fund) $6,901.76 pa (approx.)
Medina pay the Administration Fund portion of the Body Corporate Fees
which is $3,903.36 leaving a total of $2,998.40 pa (approx.)
Rates $1,444.94 pa (approx.)
Water Rates $630.36 pa (approx.)
Land Tax $1,596.00 pa (approx.)

Apartment Size: 63m2 (approx.) plus balcony 13m2
Features:

Two bedroom apartment managed by Medina
Light-filled living and dining area
Fully renovated kitchen with stone benches, Fisher & Paykel electric oven, cooktop, dishwasher and Westinghouse fridge
Two bedrooms, one with built-in wardrobe, the second with free standing cupboard
Renovated bathroom with laundry facilities
Balcony with north to north easterly aspect
Indoor and outdoor swimming pools
Beautifully maintained gardens
Plenty of car accommodation
Stroll to Kingston and close proximity to the Manuka shopping precinct