30 August 2023

Stylish apartment with shop below a prime investment opportunity in Kingston

| Katrina Condie
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The corner apartment and commercial space are located in the vibrant Kingsborough complex. Photo: Independent Property Group.

A savvy investor could rake in more than $1000 a week by snapping up a two-bedroom apartment and commercial space in the popular Kingsborough development in Kingston.

The modern apartment upstairs has separate entry and could fetch around $550-$650 per week in rent, while the commercial space is currently rented for $455 per week, with the tenants keen to stay on.

Independent Property Group sales agent Jayson Bush says 9/10 Parbery Street in Kingston is a fantastic opportunity for an investor, or someone looking to live in the apartment themselves and lease the shop.

“Either way, there’s a great income opportunity,” he said.

“It’s an investor’s delight, with the eyelash technician in the commercial space keen to remain in the shopfront they’ve fitted out beautifully.

“The two-bedroom apartment will rent easily in that awesome precinct with cafes and in walking distance of Kingston Foreshore.”

Jayson says someone entering the property market could live upstairs and have a passive income from the shop to help pay the mortgage off.

The vibrant Kingsborough complex was designed and built by Construction Control, one of Canberra’s leading developers, and features beautifully landscaped common areas including an outdoor cinema.

“It’s a really cool precinct and that whole area with its little cafes and shops has very Melbourne vibes,” Jayson said.

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The apartment boasts a spacious open-plan living and dining area flowing onto the show-stopping black kitchen with a really chic and sophisticated feel.

“With quality Smeg appliances, ample storage and modern fit-out, it’s the perfect space for cooking up a delicious meal or entertaining guests with ease,” Jayson said.

The sunny balcony overlooks the Kingsborough courtyard and cafes below.

The apartment boasts two large bedrooms, each designed with comfort and relaxation in mind. The master bedroom features an ensuite bathroom, adding an extra touch of luxury to your new home, while the second bedroom opens out to its own private balcony, providing the perfect spot for sipping your morning coffee or enjoying a glass of wine in the evening.

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The apartment with 74 square metres of internal living space is ideal for a modern couple, with a stylish bathroom, European laundry and reverse-cycle heating and cooling, as well as double-glazed windows throughout.

Stylish features include herringbone timber-look tiled flooring in the living areas, a north-facing balcony off the living area and mirrored sliding cupboards in both bedrooms.

The corner property has a single garage with internal access to the apartment.

The 40-square-metre ground floor shop front comes complete with a toilet and basin, making it a versatile space that can be used for a variety of commercial purposes. Jayson says the fit-out is also impressive, with a sleek and modern design that is sure to attract customers and clients.

To arrange an inspection at 9/10 Parbery Street in Kingston, contact Jayson Bush at Independent Property Group on 0424 236 431.


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