16 Causley Lane, Gungahlin ACT 2912

$420,000

1 beds

1 baths

1 parking

Owners Relocating to the Coast After 20 Years

16 Causley Lane, Gungahlin (Unit 2/45 Anthony Rolfe Ave)

This low-maintenance 1-bedroom, 1-bathroom townhouse offers a fantastic investment opportunity. With no gardens and no side neighbours, it ensures easy living. Currently tenanted, it generates $400 per week in rental income, equating to $20,800 annually.

Short-Term Rental Financial Overview
• Average rate: $155* per night (including cleaning fees)
• Projected revenue: approx. $23,300*
• Occupancy Rate: 50% (61% other similar properties in Gungahlin)*
• Operating expenses: approx. $5,800*
• Net operating income: approx. $17,500*
• 15.9% increase between 1 night stay minimum (45.4%), and minimum 2 nights (29.5%)*
• Zoned CZ5 Commercial Mixed use. **
• NBN FTTP

Property Highlights:
• 24-minute tram ride to Canberra CBD (Civic).
• 200m to the nearest bus stop and 250m to the Gungahlin tram station.
• Architecturally crafted, high-quality eco-friendly home.
• Reverse Cycle air conditioning (new 2023)
• 67m² living area plus a 5m² north facing deck.
• Cathedral ceilings
• Single garage
• NBN FTTP

Please contact agent for full Report

Preferred Settlement: 30 days
Preferred Deposit: 10%

*Approximately
**Subject to ACT Planning & Land Authority approval

Property Details

• Type: Unit
• Bedrooms: 1
• Bathrooms: 1
• Garage Spaces: 1
• Building Area: 335 m² (approx)
• Land Area: 288 m² (approx)

Eco Friendly Features

EER (Energy Efficiency Rating):