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Located in the sought after Inner South suburb of Forrest, this desirable street-facing apartment has everything the heart of Canberra has to offer at its fingertips! Surrounded by the popular bar, restaurant, and shopping precincts of Manuka, Kingston, and Barton, there are loads of opportunities on offer.

This apartment features a fully functional spacious floor plan with a modern desirable open living space, a generously sized bedroom, and a stylish kitchen and bathroom. At the entry point, you have a walk-in storage room on the left with the modern kitchen on the opposite side. Just past the kitchen is the bathroom on the left-hand side as you open up to the open plan living and dining area that offers plenty of natural lighting with floor-to-ceiling windows. The bedroom is serviced by a walk-through wardrobe that is inclusive of a two-way ensuite bathroom. Both the living area and bedroom allow you to gain access to the large balcony to step out and enjoy amazing views of the surrounding areas.

Telopea Park School is just across the road and with plenty of ovals and parks, restaurants and cafes, and Lake Burley Griffin down the road what more could you ask for?

Features Include:
• Reverse cycle A/C
• Modern open plan living
• Floor-to-ceiling windows
• Stylish bathroom and kitchen
• Walk-in storage room
• Two-way ensuite bathroom
• Hideaway laundry area with a washer and dryer
• Generous bedroom
• Large joining double-entry balcony
• North-facing with plenty of natural light
• A secure parking space with a storage cage

Extra Information:
• Living area: 60sqm
• EER: 6.0
• Body corporate: $ 1169pq (approx.)
• Rates: $ 525pq
• Land Tax (if investor): $ 635pq

This beautifully designed one bedroom apartment is neatly placed in the ‘The Capital’ complex. You can’t get much closer to the parliamentary triangle; and merely minutes to Kingston, Manuka, Deakin and Yarralumla. Living here is distinctive and abundantly private. Entertaining family and friends will be a breeze with a large living area that opens up to a sprawling courtyard.

The large glass doors bring an expanse of natural light into the Master bedroom, open planned kitchen and living spaces. The kitchen is equipped with the modern perks of Miele appliances and immaculate stone kitchen benchtops. Perfectly fit for an investment and to also have so you can downsize and live in this prime location.

Features Include:
Ground floor apartment
Large courtyard
Master bedroom also opens to terrace with its own Built in robes
Kitchen with stone bench tops, Miele appliances, dishwasher, gas cooking, electric oven and range hood
Double glazed doors and windows
Oversized double shower, full height tiling in bathroom
Cupboard laundry
Built-in robes and cupboards in bedroom, bathroom and living area
Secure basement parking and storage cage

Body Corporate: $3,214 per year
Rates: $253 per quarter
Heating/cooling; Daikin reverse cycle air conditioning
Size: 63m2 Living plus 35m2 Terrace

Currently approved to construct 4 X 27.5sq (255m2) homes with recent council documentation stating a DA for 6 properties would be considered subject to meeting requirements.

With varying purchase options available upon negotiation, make no mistake, these reasonable vendors are selling! Currently standing on the square shaped 2554m2 corner block in the Parliamentary Triangle is a charming 1961 built 5 bedroom residence with 2 bathrooms, ensuite, multiple indoor/outdoor living spaces, 3 car internal access garage and in-ground pool. The existing residence is in a rentable state and with its self contained separate living downstairs could gain you 2 incomes leading up to construction.

Further Development Info

-Gross floor area of the 4 homes is 1024m2, each home positioned on average block size of 537m2.
-2 garages approx 50% below ground level, all other construction is generally ‘on grade’.
-As this is NCA land, there’s no CUC/LVC to pay, nor are there fixed commencement/completion deadlines.
-Stamp duty on $2,250,000 is $123,750 which could be claimed back accordingly if initially rented out.
-Past sales and currently for sale data suggests a gross realisation of the 4 properties to be approx $7million.
-STCA & maintaining same GFA, adding 16 car basement, gross realisation of 6 houses is approx $8million.
-Cleverly designed to provide all master bedrooms on ground floor, this will assist in achieving pre sales.
-Stunning facades, striking street appeal and thoughtful designs whilst maintaining economic ‘build-ability’. EER 1.5

NB. Whilst relevant due diligence was taken in obtaining the above information, it is purchasers responsibility to make their own investigations in regards to future development applications, related costs and figures.

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