Designed by Mather Architecture and constructed by Elevated Living this unique opportunity is perfect for anyone looking for a hassle free investment property. After construction is complete in Spring 2024 the developers would like to rent back this townhouse as a display for three years. You can benefit from the attractive weekly rent of $1,200 while receiving gradual rental increases of 3% annually. This ensures a steady growth in your rental income while receiving an average yield of 5.1% over the duration of the lease. The developer will bear the responsibility for the utility outgoings alleviating you of additional financial burdens. You can rest easy knowing that the property will only be used as a display home and returned to its original condition at the end of the lease, including new paint and replacement of carpet. Enjoy the tax advantages of owning a newly built home, maximizing your depreciation benefits while utilising stamp duty deductions in the ACT.

Denman Prospect offers significant growth still to come and endless choices when it comes to adventure. With Mount Stromlo at your doorstep, the Molonglo River in your backyard, the Denman Shops just a stone's throw away and countless walking/ biking trails at every turn. With Canberra City, Belconnen and Woden Town Centre's all an easy 15 minute drive, Denman Prospect is the perfect place to invest in today. Offerings like this are few and far between, so get in touch today!

Features:

Open plan kitchen, living and dining area that open to your private courtyard
20mm Essa Stone Benchtops
Fisher & Paykel appliances.
Large master bedroom with walk-in-robe, ensuite and private balcony
Guest bedroom with 2-way bathroom and built-in-robe
2 additional bedrooms with built-in-robes and Godfrey Hirst Carpets.
Fully self contained studio that could be utilised as a teenagers retreat or office
Full size laundry with access to the garage
4 full size bathrooms with floor to ceiling tiles, Essa Stone benchtops and Phoenix Mekko brushed nickel tapwear.
Large wrap around courtyard
Timbermax TG Ultra Timber Flooring
CEFITO Double basin stone
Full Height Tiling in Bathrooms
Designed by Mather Architecture and interiors by CUDE Interiorarkiktektur + Design
Energy Efficiency Rating 6.3


Rent Back includes:

$1,200 per week
3 year rental guarantee
Rent increases to be 3% pa, average yield of 5.1%
Utility outgoings paid by the tenant
Make good at completion of lease including new paint & replacement of carpet
Depreciation benefits from newly built home
Stamp Duty is tax deductible in the ACT

Stats:
Ground Floor: 80m2
First Floor: 70m2
Studio: 46m2
Garage: 46m2
Total Living: 197m2
Total: 242m2

Please Note: Whilst all care has been taken by Ray White Canberra to ensure accuracy in the preparation of the particulars herein, no warranty or representation, express or implied, as to the accuracy or completeness of the particulars provided is made or given by us and interested parties must therefore rely on their own enquiries. Liability for any error, omission, negligence or misrepresentation is hereby excluded. *for tax benefits we encourage you to speak to your accountant,land tax and insurance not included.