OFF MARKET

65/66 Allara Street
City ACT 2601

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 93m2
Land area: 3716m2
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Property Details for 65/66 Allara St, City

65/66 Allara St, City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 3716m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
2002
Floor Size
93m2
Land Size
3716m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 4, Section 10, Unit 65

Last Listing description (September 2021)

Good news for buyers!
In-person inspections can now take place from Saturday 18th September.
Please note, these inspections can only offered to qualified buyers only who have pre-approved finances and are ready, willing and able to purchase now.

The 1st step is to request the digital brochure via email which will contain the full marketing contract including building and pest reports and once you have reviewed this, if you wish to then book a private showing please reply to the email we send you and we will allocate you a 15 min viewing slot in the coming days. A maximum of two members from the same household can attend.

If you are looking for trendy Inner City living, but need more space, then this 'Forum' apartment is a standout with a generous 93m2 of living. The direct North aspect for both bedrooms and the living areas capture an abundance of light. Surprisingly peaceful & private even though you are in the heart of the City, you will not see let alone hear any traffic noise which might surprise you.

This development is located just a short walk from the heart of the City & an even shorter stroll from the picturesque Commonwealth Park. Enjoy a morning walk or bike around the lake, then leave the car at home & walk or scooter to work or the Canberra Centre for some shopping or a lazy Sunday brunch. Relax when you get back home on your 15m2 fully covered balcony.

The 'Forum' has many delights for you to make use of. Imagine enjoying a barbecue on the rooftop terrace & taking in the lights of the City & the lake views. If you are looking for a good workout, the fully equipped gym is at your disposal, complete with aerobic equipment, pin-loaded machines & free weights. The Civic pool & gym is also located directly across the road if you want to get some laps in for exercise or just take a dip to cool off and have fun with the kids.

Currently tenanted by a dream tenant with vacant possession on 18th December 2021, we can either facilitate a longer settlement to coincide with it being vacant to give plenty of time to sort out your finances or if you would prefer to settle with the tenant in place then that's totally fine too.

SMS 'your name and 65 Forum' to 0431 228 046 to get a copy of the digital brochure containing the contract.

Features:
-Located on level 2 in the building (3 of 5 stories high)
-Direct North facing aspect
-Spacious floor plan offering 93m2 of internal living space plus a 15m2 fully covered balcony
-Modern kitchen with large pantry, ample storage, stone bench tops, feature lighting, stainless-steel electric oven, dishwasher & an electric cook top
-Lots of living space for large furniture items
-Oversized main bedroom with space for a study desk, direct access to balcony, walk through robes to ensuite
-Ensuite has separate toilet, vanity and shower
-Second bathroom has bath with shower over, vanity, toilet and the laundry room is integrated here where you get the dryer included
-Reverse cycle air conditioning units (heating & cooling) in living and main bedroom
-Double cedar doors opening out to the 8m2 balcony from the living area
-NBN to the building
-Single allocated car space with storage cage in basement
-Impressive EER of 6 stars

The Forum development:
-Rooftop terrace with barbecue & shade umbrellas
-On-site gym on ground level
-Tranquil internal courtyard & fountain
-Pet-friendly (subject to body corporate notification)
-Intercom for guests
-Lift access direct from basement & ground to your level
-Security cameras throughout complex
-Rubbish chutes on each level
-Centralised gas hot water system
-Well maintained building with an active body corporate holding almost -$1,000,000 in the sinking fund alone
-Current roofing works being undertaken and paid for by the insurance company as a result of hail damage to The Forum roof last year

The location:
-Located directly opposite Civic swimming pool
-Situated next to the foot bridge with direct access to Commonwealth Park and Lake Burley Griffin
-Lots of additional parking options for guests opposite the building
-500m to Canberra Centre up Allara St

Offer Process:
-To help buyers on value, we advertise a guide price which your offer must exceed.
-Offers can be conditional (subject to finance/valuation) or unconditional and on a contract (preferred)
-Offers are confidential & will not disclosed to other buyers for privacy purposes.
-A 5% deposit is acceptable via eft just prior to exchange of contracts.
-We have a solicitor pre-allocated to provide a FREE contract review and section 17 if required, just request the digital brochure via SMS or email
-The property will not be held off the market under offer until the buyer is ready to exchange contracts.

The numbers:
-Living: 93m
-Balcony: 15m
-Age: 19 years approx. Built 2002
-Number of units in development: 117
-Strata levies: $5,954 p.a.
-General rates: $1,850p.a.
-Water & sewerage rates: $660 p.a.
-Land tax (investors only): $2,178p.a.
-Current rented (furnished): $620/week until 18th December 2021 (vacant on that day)
-EER: 6 stars
-Administrative fund balance: $206,060
-Sinking fund balance: $921,578
-Strata manager LJ Hooker Strata, call 62497700 to book search of strata -records
-Units plan number 2179
-Builder/developer: Hindmarsh

Property History for 65/66 Allara St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$576,000
24 Sep 2021
Listed for Rent
$620/w
11 Nov 2019
  • 24 Sep 2021
    Sold for $576,000
  • 11 Nov 2019
    Listed for Rent - Price not available
  • 09 Jul 2019
    Listed for Sale $480,000+
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About City 2601

The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of total area. The population of City in 2011 was 2,824 people. By 2016 the population was 4,261 showing a population growth of 50.9% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation. In 2011, 29.9% of the homes in City were owner-occupied compared with 30% in 2016.

City has 3,279 properties. Over the last 5 years, Houses in City have seen a -6.14% decrease in median value, while Units have seen a 12.78% increase. As at 31 October 2024:

  • The median value for Houses in City is $584,044 while the median value for Units is $574,883.
  • Houses have a median rent of $610 while Units have a median rent of $650.
There are currently 44 properties listed for sale, and 51 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 144 properties were sold in the past 12 months in City.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.