How often can you increase the rent?

Rent cannot be increased at intervals of less than 12 months. Landlords must give tenants at least eight weeks’ written notice of a rent increase. In a fixed-term lease, the increase date must be outside the term dates.

How will you find the perfect tenant/s for my property?

Our leasing consultant will meet all potential tenants when conducting open homes for the property. Our leasing team will then closely assess whether the property will be a right fit for those who have applied for the property. Once the applications have been processed and the references have been called for each, we take all applications to the owner, who will decide which applicant to approve of living at the property.

How many routines can be conducted yearly?

A landlord is allowed to inspect a property twice every 12 months. The landlord can also conduct an inspection within the first month of the tenancy and within the last month.

What maintenance is the tenant responsible for, and what is the landlord responsible for?

If there is a noticeable impact or damage that has occurred during a tenancy, it usually falls under the tenant. General upkeep, such as a globe, also falls under the tenant. If the damage falls under general wear and tears due to ageing, this will fall under an owner to repair. However, maintenance can always be a grey area, so it is best to ask your property manager first.

How much notice must a tenant provide if they are on a periodic tenancy?

A periodic lease is a month to month. In the ACT, tenants are only required to give 21 days’ notice in writing.

What is the process if my tenant requests to keep a pet at the property?

If the tenant requests to keep a pet at the property, they must write to the lessor to ask for consent. If the lessor refuses to consent, they will be required to apply to the ACT Civil and Administrative Tribunal for approval.

7/17 Devonport Street, Lyons ACT 2606

Sold $250,000

1
1
EER4.5

Opportunity knocks at 7/17 Devonport Street Lyons 5 of 6 units Sold - 1 Unit available on 1st Floor.

Welcome to Devonport Apartments, small, neat, cozy, natural light, north facing and affordable with great returns. With a prime location just opposite Lyons Shops and close to Woden, these one-bedroom studio apartments offer a lucrative investment opportunity.

Unit 7 is listed at $250,000 and leased until January 31st 2025,

At a total of 41.3m2 (Living, Balcony & Car)

PROPERTY HIGHLIGHTS:

Unit 7: First floor – tenanted

Maintenance: Rest assured, the 17 Devonport units have been meticulously cared for and maintained, boasting upgrades to kitchens, bathrooms, windows, roof, and carpark.

Comfort Features: Enjoy modern comforts including reverse cycle air-conditioning, a ceiling fan in the living room, and double brick construction, concrete slab with quality hard wood parquetry floors.

Energy Efficiency: With R6 insulation in the roof, these units ensure energy efficiency, with top-floor units benefiting from additional insulation.

Scenic Surroundings: Nestled in a tranquil garden setting with a leafy aspect, each unit features a large north-facing window in the living area, providing abundant natural light and picturesque views.

Convenience: Benefit from proximity to local schools, shops, Westfield Woden, and bus stops, ensuring convenience at your doorstep.

Inclusions: Each unit comes equipped with white goods, offering added convenience for residents. Two units available as vacant possession – move in.

Don’t miss out on this exceptional opportunity to invest in a thriving community with unbeatable amenities and a promising rental yield.
Contact us today to schedule a viewing and secure your investment in Devonport Apartments!

FEATURES:
* Security aspects throughout
* Fridges
* Washing machines
* Convection Microwaves
* R6 Insulation (Top Floor)
* Parquetry Floors
* Updated bathrooms
* Updated electrical(Switchboards, Ceiling lights, Light switches & PowerPoints)
* Dual blinds (Block-out & Shade) main window of all units
* Car park upgrade

SPECIFICATIONS:

* EER 4.5 unit 7

* Total m2 41.3m2 (Living, Balcony, carp)
* Living Size: 26m2 Approx
* Rates: $525 Per Qtr
* Land tax: $2,772 pa (Only if Rented)
* Strata: $700 Per Qtr

* All figures are approx
* Some variances between units – details & photos