News

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

Statistics
Body Corporate: $3,214 per year
Rates: $253 per quarter
EER 6
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.

Talk to Civium

We are here to help

Find the right contact