33/47 McMillan Crescent
Griffith, ACT 2603

This stylish studio apartment offers an exceptional investment opportunity with a high-performing rental yield of 6.67%. It has proven appeal for Airbnb short-stay guests, making it ideal for interstate owners or investors seeking a reliable income stream.

Designed with a light-filled, low-maintenance layout, the apartment features a private terrace that provides a peaceful outdoor space for relaxation or entertaining. The ground-floor position offers direct external access, enhancing convenience and privacy.

The apartment is part of a secure and well-maintained complex located in the heart of Griffith, within walking distance to local shops and the Fyshwick Markets. Residents benefit from a fully renovated outdoor pool situated directly in front of the apartment, adding to the lifestyle appeal.

The kitchen is stylish and functional, equipped with integrated appliances that complement the modern finishes throughout the unit. The open-plan design maximizes space and flow, making the apartment easy to clean and maintain, perfect for owner-occupiers or investors.

Additional features include reverse-cycle air conditioning for year-round comfort, ample power points including USB ports, and easy access to numerous visitor parking spaces. The body corporate is in the process of approving leased car spaces for a small additional quarterly fee, providing further parking options.

Built in the 1960s, the complex is situated on one of Canberra's most desirable Inner South streets, offering a peaceful urban retreat with leafy surrounds. The location is highly convenient, just moments from Manuka and Kingston, as well as Lake Burley Griffin. Cafés, restaurants, public transport, and recreational facilities are all easily accessible, making this apartment suitable for lifestyle buyers and investors alike.

Due to the compact size of the apartment, a specialist financing approach is recommended. Prospective buyers are encouraged to discuss financing options with their advisors.

Sales specifics include an estimated rental income of $430 to $450 per week, quarterly rates of approximately $641.87, and body corporate fees around $612.92 per quarter. The living area is approximately 25 square meters, with an additional 9 square meters allocated to a carport and shed. The apartment has an Energy Efficiency Rating (EER) of 6 stars.

This studio apartment presents a rare blend of convenience, presentation, and profitability, offering long-term stability and the ability to build equity while maintaining strong income potential through short- or long-term leasing.