12 Fong Lim Way, Denman Prospect, ACT 2611

Designed by Mather Architecture and constructed by Elevated, this unique opportunity is perfect for anyone looking for a hassle free investment property. After construction is complete in less than 60 days, the developers would like to rent back this townhouse as a display for two years with additional leases on offer. You can benefit from the attractive weekly rent of $1,200 while receiving gradual rental increases of 3% annually. This ensures a steady growth in your rental income while receiving an average yield of 5.1% over the duration of the lease.

At the end of the lease you have the ability to extend your lease for an additional two years to ensure long-term stability and security. The developer will bear the responsibility for the outgoings alleviating you of additional financial burdens and you can rest easy knowing that the property will be returned to its original condition at the end of the lease, including new paint and replacement of carpet. You can enjoy the tax advantages of owning a newly built home, maximising your depreciation benefits while utilising stamp duty concessions thanks to the ACT Government.

Denman Prospect offers significant growth still to come and endless choices when it comes to adventure. With Mount Stromlo at your doorstep, the Molonglo River in your backyard, the Denman Shops just a stone's throw away and countless walking/ biking trails at every turn. With Canberra City, Belconnen and Woden Town Centre's all an easy 15 minute drive, Denman Prospect is the perfect place to invest in today. Offerings like this are few and far between, so get in touch today!

Features:

? Open plan kitchen, living and dining area that open to your private courtyard

? 20mm Essa Stone Benchtops

? SMEG appliances.

? Large master bedroom with walk-in-robe, ensuite and private balcony

? Guest bedroom on ground floor with built-in-robe

? 2 additional bedrooms with built-in-robes and wool mix carpets

? Fully self contained studio that could be utilised as a teenagers retreat, office, fifth bedroom or rented out for extra income

? Full size laundry with access to the garage

? 4 full size bathrooms with floor to ceiling tiles, Essa Stone benchtops, ADP circuit mirror & gunmetal grey tapware.

? Large private wrap around courtyard

? Timbermax TG Ultra Timber Flooring

? Designed by Mather Architecture

? Energy Efficiency Rating 6.3

Rent Back includes:

? $1,200 per week

? 2 year rental guarantee

? 2x 1 year additional lease on offer

? Rent increases to be 3% pa, average yield of 5.1%

? Utility outgoings paid by the tenant

? Make good at completion of lease including new paint & replacement of carpet

? Depreciation benefits from newly built home

? Stamp Duty is tax deductible in the ACT*

Stats:

Ground Floor: 80m2

First Floor: 116m2

Garage: 46m2

Total Living: 197m2

Total: 242m2

Please Note: Whilst all care has been taken by Ray White Canberra to ensure accuracy in the preparation of the particulars herein, no warranty or representation, express or implied, as to the accuracy or completeness of the particulars provided is made or given by us and interested parties must therefore rely on their own enquiries. Liability for any error, omission, negligence or misrepresentation is hereby excluded. *for tax benefits we encourage you to speak to your accountant,land tax and insurance not included