OFF MARKET

43/11 Giles Street
Griffith ACT 2603

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
Land area: 4148m2
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Property Details for 43/11 Giles St, Griffith

43/11 Giles St, Griffith is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 4148m2 and floor size of 63m2.

Building Type
Unit
Year Built
1998
Floor Size
63m2
Land Size
4148m2
Local Government
Canberra Central

Last Listing description (May 2017)

Part of the Medina Complex in Griffith/Kingston, this delightful two bedroom apartment offers a guaranteed income. Suitable for investors only, the property is leased to TFE Hotels for most of a 10 year contract. Unlike most rental properties, the finding of tenants and making repairs is not the concern of the owner as this is all managed by Medina. Over the past year Medina have had a 92% occupancy rate, however, regardless you receive a guaranteed rental income. Please call me on 0419 208 244 to make an appointment to inspect.
Combining space, style and location in one perfect package, this renovated apartment includes light-filled living and dining area flowing to the balcony with a north to north easterly aspect and leafy outlook. The newly renovated kitchen includes stone benches and quality appliances. There are two bedrooms and fully renovated spacious bathroom with laundry facilities.
The complex is beautifully maintained with lush internal gardens, outdoor and indoor swimming pools and plenty of car accommodation.

An easy stroll to Kingston offering a wonderful array of restaurants and close proximity to the Manuka shopping precinct. If you are looking for a guilt-edged investment this property is worthy of your attention.
Income: Currently $23,304.00 pa (approx.)
Outgoings: Annual Body Corporate Fees (including Sinking Fund) $6,901.76 pa (approx.)
Medina pay the Administration Fund portion of the Body Corporate Fees
which is $3,903.36 leaving a total of $2,998.40 pa (approx.)
Rates $1,444.94 pa (approx.)
Water Rates $630.36 pa (approx.)
Land Tax $1,596.00 pa (approx.)
Apartment Size: 63m2 (approx.) plus balcony 13m2
Features:
Two bedroom apartment managed by Medina
Light-filled living and dining area
Fully renovated kitchen with stone benches, Fisher & Paykel electric oven, cooktop, dishwasher and Westinghouse fridge
Two bedrooms, one with built-in wardrobe, the second with free standing cupboard
Renovated bathroom with laundry facilities
Balcony with north to north easterly aspect
Indoor and outdoor swimming pools
Beautifully maintained gardens
Plenty of car accommodation
Stroll to Kingston and close proximity to the Manuka shopping precinct

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Property History for 43/11 Giles St, Griffith, ACT 2603

A timeline of how this property has performed in the market
  • 17 Mar 2017
    Listed for Sale $399,000

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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 3,438 properties. Over the last 5 years, Houses in Griffith have seen a 46.27% increase in median value, while Units have seen a 25.13% increase. As at 31 October 2024:

  • The median value for Houses in Griffith is $2,003,618 while the median value for Units is $596,958.
  • Houses have a median rent of $610 while Units have a median rent of $545.
There are currently 18 properties listed for sale, and 13 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 147 properties were sold in the past 12 months in Griffith.

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