9/31 Giles Street, Kingston ACT 2604

Located in ‘The York’ which is a low-rise boutique building of only 16 units on one of the main Streets in Kingston, this excellent dual key investment opportunity is not to be overlooked. It’s right next door to the Kingston Shops and similarly accessible to local schools and transport routes. It is also a pleasant and easy stroll to the foreshore of Lake Burley Griffin where you can enjoy many different eateries. If you work in the Parliamentary Triangle then it’s a short walk or ride and you can leave your car at home.

The dual key apartment is situated on the ground floor and boasts lovely leafy views over the landscaped gardens that the ‘York’ has to offer. With large windows capturing lots of light on both sides of the property, both properties will enjoy the winter warmth and reverse cycle air-conditioning will also keep you comfortable all year round.

The properties will appeal to an investor looking for ultimate returns. The apartments will suit a busy executive or couple wanting to be close to Canberra's best restaurants, bars & shops. The studio is currently rented at $450 per week until August 2025 and the one bedroom is vacant and ready to move into so you could live in one apartment and rent the other to supplement your mortgage payments. The one bedroom we would expect to rent for $500 per week if you wished to rent both properties.

In Summary:
- Dual key investment opportunity
- One bedroom apartment & studio apartment included on one title
- Could be converted (subject to body corporate approval) to one large two bedroom
- Conveniently situated just across from the Kingston Shops
- Walking distance to the Parliamentary Triangle
- Great investment return or AirBNB potential
- 96m2 of living space + 10m2 of balcony

Figure summary (all approx.):
- Body corporate: $1,398 p.q
- General rates: $710 p.q
- Water & sewerage: $195 p.q
- Land tax (if let): $931 p.q
- Built in 1996
- EER 6.0 stars