I'm selling a property in North Lyneham, on the north side of Canberra, and on the outer ring of what is considered inner Canberra.
It's been an excellent property for us- the only reason for selling is that in the transition phase of our super fund, it's a lot more tax effective to own a property within the SMSF.
http://www.realestate.com.au/property-townhouse-act-lyneham-115236631
It's two 2BR townhouses, on separate titles, one renting for $380pw and the other for $390pw. There's another building with lock up garage and large storeroom area, which could double as a spare bedroom or granny flat.
The land area totals 1150sqm.
We've had it since 2002, and has had minimal vacancies. We had one vacancy for 3 weeks, apart from that it hasn't been vacant for more than a week. It has an attractiveness for tenants as it does have outdoor/garden area, unlike the units it competes against in the rental market.
It has given us some solid capital growth.
The houses are aluminium clad, and are probably the worst houses in the best street. Most of the houses, apart from one big complex, are individual well established houses. I'd be guessing that these would have a high proportion of owner occupiers.
There is the potential to knock down and build two very nice houses, but zoning doesn't allow any more subdivision.
The auction is listed as being on 6 November, but in fact will be 20 November.
It's been an excellent property for us- the only reason for selling is that in the transition phase of our super fund, it's a lot more tax effective to own a property within the SMSF.
http://www.realestate.com.au/property-townhouse-act-lyneham-115236631
It's two 2BR townhouses, on separate titles, one renting for $380pw and the other for $390pw. There's another building with lock up garage and large storeroom area, which could double as a spare bedroom or granny flat.
The land area totals 1150sqm.
We've had it since 2002, and has had minimal vacancies. We had one vacancy for 3 weeks, apart from that it hasn't been vacant for more than a week. It has an attractiveness for tenants as it does have outdoor/garden area, unlike the units it competes against in the rental market.
It has given us some solid capital growth.
The houses are aluminium clad, and are probably the worst houses in the best street. Most of the houses, apart from one big complex, are individual well established houses. I'd be guessing that these would have a high proportion of owner occupiers.
There is the potential to knock down and build two very nice houses, but zoning doesn't allow any more subdivision.
The auction is listed as being on 6 November, but in fact will be 20 November.
