18/1 Oxley Street

Griffith ACT 2603

If your looking for a Canberra bolthole then this could the one. Perfectly located halfway between Manuka and Kingston shops, across the road from Manuka Oval and walking distance to the Parliamentary Triangle, this top floor one bedroom apartment is in the best location available for an apartment in Canberra. You will be at the doorstep of Canberra's best bars and eateries, a short stroll to Lake Burley Griffin and a bike ride to Parliament House.
Stepping inside you will be impressed with the compact yet functional floorplan that the property offers. It is solidly construction given its era and the fact it has two balconies really sets it apart. The outdoor area captures lots of afternoon sun and would make for a great spot to enjoy an afternoon drink.
The complex makes for a great investment giving its proximity to local businesses and government departments. If you purchase this property at full ask for $310,000 and pay a 10% deposit you will be borrowing $279,000 which at a 4% interest rate equates to monthly payments of approximately $1332 per month. We have had others rent as fully-furnished rentals for $450 per week for 12 month tenancies or investors within the serviced apartments pool have been receiving in excess of $2400 per month (this may require some renovations). This rate of return is rarely found in apartments these days and makes it a must see for this reason.