Completed 1&2 Bedroom Furnished ApartmentsFormally an Adobe Hotel situated in the heart of Tuggeranong and surrounded by multiple government buildings and
it is being converted to 84 Furnished apartments, offering great returns for the savvy investor.
70-80% Occupancy Rates for short term investment
Ideally these would be suited for short term stay 1 and 2 nights accommodation
Returning Between 9-15% net return
or as a permanent rental would be 5-6% Rental yield
Vacancy Rates 0.4%
Capital Growth 10%
Median Price $495,000
We look after everything for you including management, finance to offer you a hands free experience
Limited number of 1- & 2-bedroom, generously proportioned apartments
Fully furnished including bed, appliances, fridge, coffee machine, microwave, washer & dryer and TV*
Ideally located on the doorstep of South Point shopping centre and Tuggeranong bus interchange
A top established retail, dining and commercial tenancies, including Foundry Coffee Co.
Walking distance from Tuggeranong lakeside park
Rental estimate from $450 - $580 per week**
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