48/101 Hennessy Street, Belconnen ACT 2617

UniGardens is located in the heart of Belconnen, with public transport at the front door and only minutes away from University of Canberra, Belconnen Town Centre, Belconnen Markets and CISAC. This property provides a unique opportunity to set and forget, having on site management, a high gross rental yield of 8.88% and no vacancy for over 4 years. This is a property you will want to keep in your portfolio for years and years to come.

The 1-bed studio apartment comes fully furnished and is complete with kitchen, bathroom and built in robes. This is an attractive investment opportunity with the apartment currently providing an exceptional rental return of $330 per week with the added security of an on-site Building Manager.

Viewings are strictly by appointment only.

Apartment Inclusions:
Kitchen with fridge, stove, microwave and basic utensils
Study desk with chair
1 queen bed
Bathroom with shower, toilet & vanity
Lounge chairs x 2

Features:
Fully furnished apartment
Lift access
Main foyer with lounge seating
Secure building
On-site building manager
Facilities include a large reading room, billiards room, laundry and secure car parking
Bus stop located directly out the front
Short walk to the Belconnen Town Centre, CISAC & University of Canberra

Particulars:
Student accomodation
Gross rental yield of 8.88%
Exceptional rental return of $330 per week
+ Car Park: $10 per week = $340 per week
On-site management from UniGardens with a fee of 8%
Body Corp: $629.99 per quarter
Water: $166.84 per quarter
Rates: $315.23 per quarter
Land Tax: $367.54 per quarter
Vacancy rate: ZERO for the past 4 years