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Unit 56, 14 Boolee St, Reid

$489,000 - $509,000

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Prime City-Center Living or Investment

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 December 2025, 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.

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%.

 

Additional information:

Rates: $540pq Approx

Land Tax: $690pq Approx

Body Corp: $990pq Approx

Year built: 1994

Living area: 70sqm Approx

Rental potential: $580 - $600 per week.

 

Contact Details:
For more information or to arrange an inspection, contact:
Nick on 0413 175 238

Disclaimer:
Please note that while all care has been taken regarding general information and marketing information compiled for this advertisement Urban Property does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. Figures quoted above are approximate values based on available information. We encourage prospective parties to rely on their own investigation and in-person inspections to ensure this property meets their individual needs and circumstances.  

Details

Address Unit 56, 14 Boolee St, Reid
Price $489,000 - $509,000
Property Type Residential
Property ID 114
Category Unit

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Nicholas Nagel

0413 175 238