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Unit 56, 14 Boolee St, Reid

By Negotiation

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Unlock Significant Income Potential: Prime City-Center Investment

Discover this exceptional investment opportunity in the heart of Canberra's vibrant city center. This 2-bedroom apartment, nestled within the Monterey Apartments, offers a unique blend of history, convenience, and substantial potential for income growth. With the right renovations and styling, you could increase your rental income by 50-80%.

Location and Lifestyle:

Situated just a block away from the bustling city center, this property enjoys a prime location with easy access to shops, restaurants, and entertainment. Immerse yourself in the city's vibrant atmosphere while enjoying the tranquility of the tree-lined street. The nearby Glebe Park and Lake Burley Griffin provide stunning natural beauty and recreational opportunities.

Property Features and Potential:

  • Spacious and Light-Filled: The apartment boasts a generous living area with sliding doors leading to a private balcony, offering a peaceful retreat.
  • Modern and Functional: The kitchen features ample storage and bench space, making it ideal for both cooking and entertaining.
  • Two Well-Appointed Bedrooms: The bedrooms offer privacy and comfort, making this property perfect for both short-term and long-term rentals.
  • Community Amenities: The Monterey Apartments complex features a swimming pool and tennis court, providing residents with a range of recreational options.
  • High-Yield Potential: With its prime location and attractive features, this property presents an excellent opportunity for both regular long-term investors and AirBnB entrepreneurs.

Investment Highlights:

  • Strong Rental Demand: The property is currently tenanted with a lease in place until February 2024, generating a rental income of $580 per week.
  • High-Growth Potential: The city center's continued development and increasing tourism make this a desirable location for both residents and visitors.
  • AirBnB Opportunity: The property's proximity to major attractions and amenities makes it an ideal candidate for short-term rentals, offering the potential for significant returns.
  • Renovation Potential: With strategic renovations and styling, you can significantly increase the property's rental income. Consider updates to the kitchen, bathrooms, and living spaces to create a more modern and appealing aesthetic.

Disclaimer:

Please note that while all care has been taken to ensure the accuracy of the information provided, Urban Property accepts no responsibility for any errors or omissions. Prospective buyers are encouraged to conduct their own due diligence and inspections to verify the property's condition and suitability.

Details

Address Unit 56, 14 Boolee St, Reid
Price By Negotiation
Property Type Residential
Property ID 114
Category Unit

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Nicholas Nagel

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