616/74 Northbourne Avenue, Braddon, ACT 2612

Please note, if not sold prior, this property will be going to auction, on site, 12:30pm Wednesday 7th May 2025. The advertised price guide is there to help give buyers a bracket to work from and can be updated as the campaign progresses. Offers prior to auction, above the guide price and accompanied with a section 17, are welcomed.  

The James Court development has consistently been popular with live in owners and investors alike because it's perfectly positioned on the very edge of Braddon, literally bordering both the City and Turner. This 6th level unit has a wonderful elevated outlook and can be purchased fully furnished included in the sale price. Don't want the furniture? No worries, it can be sold completely vacant or you can just choose individual items you want.

Live in owners can live in the unit as normal OR if you need the unit periodically as a Canberra crash pad, you can rent it through Airbnb and simply block out the dates you need it, simple.

Investors have the flexibility to rent the unit through Airbnb, a property manager or through Medina's serviced apartment scheme which is what is currently occurring and the current furniture package in place allows that to happen. The current net rental income in hand after management fees is $24,257/year with no vacancy issues and guaranteed income stream each month.

Get a glimpse into your new life by watching our detailed walk-through video prior to your inspection (and after!). It's our 24/7 salesperson, allowing you to get an excellent feel for the features and benefits of this unit including the living quarters, common area facilities and car parking. It's the most informative property video you will watch during your search, but don't just take our word for it…

To get a copy of the digital brochure containing an explanation of our buyer friendly sales campaign, the full contract (and so much more), please send us an email from any of the web portals and note your full name and mobile number and it will be automatically sent to you. 

Features overview:
• Ready for you now or take over the rental arrangement and have a hassle-free guaranteed rental return each year without worrying about the tenants
• Buy it fully furnished with everything you see or completely vacant, you can choose
• Located on Canberra's light rail network line which currently serves the City Centre through to • Gungahlin and is planned to be extended through the Parliamentary triangle to the Woden Town Centre
• Elevated position looking West and surprisingly quiet being 6 stories high
• Kitchen with lots of bench space and cupboards including a dishwasher, oven, cooktop, range hood sink and fridge/freezer
• Spacious open plan living area with floor to ceiling windows allowing in lots of natural light
• Reverse cycle air conditioning units (cooling & heating) in the living area and bedroom
• Bedroom with triple mirrored robes plus sliding door access to the balcony
• Bathroom with spa bath and shower over, vanity plus a separate toilet room  
• European laundry design with washing machine and dryer included
• Privacy sheers and block out curtains
• Fully covered balcony with elevated outlook 
• Double linen cupboard for additional in-unit storage
• Single allocated car space in the basement
• Don't have a car? Rent out this highly desired car park location for $50/week = $2,600/year

The numbers: (approx)
• Living: 65m²
• Balcony: 6m²
• Total: 71m2
• EER: 6 stars (out of 6 stars)
• Age: 31 years approx. Built 1994
• Level in building: 6 of 9
• Current rental: $466/wk (net in the hand as part of the serviced scheme)
• Rental potential: $610/week (gross and fully furnished)
• Rental potential: $530/week (gross and unfurnished) 
• General rates: $1,768 p.a.
• Water & sewerage rates: $802 p.a. 
• Land tax (investors only): $2,152 p.a.
• Strata levies: $5,292 p.a.
• Total of the Administrative fund balance: $333,040 as of 26/03/2025
• Total of the Sinking fund balance: $502,566 as of 26/03/2025
• Name of development: James Court
• Number of units in development: 197
• Strata manager and contact number: Vantage Strata, phone 61719700
• Units plan number: 1144

The James Court development:
• 24-hour reception that can used by live in owners also for the collection of mail, parcels etc
• Fast internet - NBN (FTTB)
• Pet-friendly (subject to strata notification)
• Bike storage in the basement
• Located a few hundred metres from both the heart of Braddon's Café and restaurant precinct and the City centre itself
• Numerous security cameras throughout the building
• Dual lift access direct from basement & foyer to your level
• Onsite facilities include gym, outdoor pool & sauna, BBQ's
• Rubbish chute on every floor

To help buyers, we offer the following as part of our Friendly Auction System:  
• Written buyer price guide which is also updated as the campaign progresses  
• A digital brochure which can be emailed to you prior to a viewing containing the contract and everything you need to know about the property and the auction purchase process (request via email) 
• We refer a solicitor who can review the marketing contract for FREE and provide a FREE Section 17 certificate to waive your cooling off if you want to submit a pre-auction offer  
• Help amending any conditions in the contract such as organising an occupation agreement or variation of settlement dates  
• 5% deposit pre-approved payable via eft transfer (no need to draw a bank cheque)
• Personalised bidding strategy meeting with the auctioneer to discuss the auction day processes and strategies or tactics to help you develop a game plan to improve your success
• Free valuation(s) on other properties you own to help establish your current equity base and assist with your finance approval