Address available on request

Established in 1996, the sought-after Roystonvale Complex in Griffith has stood the test of time with its quality double brick construction, standing proudly on Eyre Street just a leisurely stroll away from the Kingston Shops in a leafy surround oozing charm. With a first floor elevation and a balcony, security and views are on offer with this light-filled apartment for the tenants to enjoy at the end of the day. The open plan living with no hallway optimises the space and light throughout of this 62m² apartment with a 12m² balcony. Location is everything in terms of investment properties, and this one ticks all the boxes. Affording a relaxed lifestyle, the pool can be enjoyed during the summer months and the proudly maintained and well established landscaping at all times of the year. Enjoy the tranquility of an investment property without the hassle.

Due to the location, this property actually had a rent increase to $400 per week in December 2014, and the DHA management fee is only 13% inclusive of GST, with the well regarded DHA restoration provisions applying. Look no further to increase your portfolio - this is a great opportunity.


Features Include:

- Well presented two bedroom DHA investment property
- Rent increased in the 31st December 2014 valuation- DHA Management fee of only 13% inclusive of GST
- Open plan living with no hallway, optimising space and light throughout
- First floor apartment of 73m² plus 12m² balcony
- Excellent cupboard and benchspace in kitchen
- Built in robes
- Combined bathroom and laundry
- Bathroom with corner spa, vanity and tastic
- Neutral decor with the benefit of DHA restoration provisions
- Good sized balcony from the living area
- Excellent leafy outlook and surrounds
- Secure basement car space
- Walking distance to both Kingston and Manuka
- Well maintained complex with swimming pool
- Internal courtyard with lovely gardens
- Close to some of Canberra's finest schools and restaurants

DHA Lease: 22/02/2012 to 21/02/2018
Options: One year reduction or increase in the lease period
Gross Rent: $400 per week or $1739.29 per month or $20,871.48 per annum
Gross Yield: 4.94% (based on a sale price of $422,000)

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 learn the benefits of investing in Defence Housing Australia property.


EER: 5.5
UCV: $11,295,000
Land size: 5010 m²
Body Corp: $2,564.08 per annum
Rates: $1,971.98 per annum