Ideally positioned fully furnished investment

58/74 Giles Street, Kingston ACT 2617

This property represents a great opportunity to buy into the Kingston Foreshore precinct. With ready access to a myriad of eateries and coffee shops, Lake Burley Griffin, Telopea and Norgrove parks and the Old bus depot markets. This property represents urban living at its best.

The unit is fully furnished and has been rented as a fixed term furnished apartment for many years, generally on annual leases. The current lease, at $600 per week, expires on 18 July 2022. The location is ideal to service people working in the Parliamentary triangle or the Russell offices.

Enjoy the unit’s functional layout with good cupboard space throughout and BIRs in bedroom. The kitchen is well laid, out also with ample cupboard space, and adjoins the living / dining area. The unit features full length spacious shower and a comfortable balcony overlooking Giles St.

This unit represents a good long term investment opportunity or a holding play for eventual owner occupation

Features:

* Located at the heart of the Kingston Foreshore precinct
* Fully furnished
* Secure parking
* Functional layout with great storage capacity
* R/C AC

EER: 6

Rates: approx. $1,660 per annum
Land tax: Approx. $1,937 per annum
Strata Fees: approx. $4,346 per annum

Inspection by appointment unless otherwise advertised