FOR SALE
By Negotiation

107/11 Giles Street
Griffith ACT 2603

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Unbeatable Rental Yield

Looking for investment? Don't miss the best value apartment in the Inner South. Discover a lucrative investment in the heart of Griffith with this stylish two-bedroom apartment. Situated amidst the caf�s restaurants and shopping boutiques of Manuka and Kingston, and in proximity to government departments. This property offers both prime location and enduring value.
The modern interior features 2 bedrooms, both with built in robes, a well-appointed kitchen, open-plan living, and a private balcony as well as a leafy courtyard. The complex's well-maintained facilities, including indoor and outdoor pools, a spa, sauna, BBQ area, and lush gardens, enhance the overall appeal.
This investment opportunity, currently on a long term lease to Adina serviced apartments, guarantees an annual rental return $28,218.96 gross, reviewed yearly, until Dec 2025. Don't miss this chance for a hassle-free investment, providing both immediate returns and long-term stability in a highly sought-after locale.
Features:
- Fantastic Inner-South location between Manuka and Kingston
- Close to an array of government departments
- Exceptional investment opportunity with effortless guaranteed income
- Lease agreement through Adina until Dec 2025
- Two bedrooms, both with built-in-robes
- Modern kitchen with stone benches and stainless steel appliances
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Property Details for 107/11 Giles St, Griffith

107/11 Giles St, Griffith is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with LJ Hooker Manuka.

Building Type
Apartment

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About Griffith 2603

The size of Griffith is approximately 2.8 square kilometres. It has 19 parks covering nearly 18.3% of total area. The population of Griffith in 2011 was 3,899 people. By 2016 the population was 4,571 showing a population growth of 17.2% in the area during that time. The predominant age group in Griffith is 20-29 years. Households in Griffith are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Griffith work in a professional occupation. In 2011, 52.2% of the homes in Griffith were owner-occupied compared with 53% in 2016.

Griffith has 3,487 properties. Over the last 5 years, Houses in Griffith have seen a 32.57% increase in median value, while Units have seen a 22.44% increase. As at 30 November 2024:

  • The median value for Houses in Griffith is $1,875,940 while the median value for Units is $587,496.
  • Houses have a median rent of $630 while Units have a median rent of $548.
There are currently 15 properties listed for sale, and 13 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Griffith.

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Luzian Borst
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LJ Hooker Manuka
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