Welcome to 87/20 Allara Street City

Offering a highly successful track record as a top-performing short-term rental, this modern executive apartment in the sought-after 'Park Avenue' complex transitions seamlessly into a premium long-term asset or a stylish inner-city home. Positioned high on the 10th floor, the residence pairs a functional layout with unbeatable walk-to-everything convenience right in the heart of Canberra's CBD.

The property delivers a spacious, light-filled layout oriented to maximize everyday comfort. A well-proportioned open-plan living and dining area connects smoothly with a contemporary stone-top kitchen, flowing straight out through to a sizable balcony. It is a clean, highly efficient design that functions perfectly for busy professionals, guests, or tenants.

The apartment features two bedrooms with built-in robes and a modern bathroom complete with quality finishes. Residents also enjoy first-class complex amenities, including a fully equipped commercial-grade gym, a common outdoor garden terrace, and secure lift access straight to your floor. The apartment also features an single basement car space with storage cage.

Located just footsteps from the Canberra Centre, City Walk, premium dining precincts, and public transport links, this property represents an incredibly solid investment with proven income potential. Whether you choose to leverage its established short-term rental appeal, secure a stable long-term lease, or move in and absorb the city lifestyle yourself, this property checks every box.

Features include:

• Spacious 2-bedroom executive layout on Level 10 of 'Park Avenue'
• Views of Telstra Tower and Black Mountain
• Generous internal living area featuring a functional open-plan design
• Modern kitchen with sleek stone surfaces and premium integrated appliances
• Two well-sized bedrooms both equipped with built-in wardrobes
• Basement parking space with restricted swipe/lift access and storage cage.
• Modern bathroom with tiling and quality fittings
• European laundry
• Floor-to-ceiling double glazing to ensure optimal thermal comfort and quiet
• Ducted heating and cooling for comfortable year-round climate control
• Large private balcony accessible directly off the main living area
• Fully equipped resident gym and common outdoor garden terrace
• Prime inner-city location just steps from City Walk, the Canberra Centre, and public transport

EER: 6.0 Stars
Living: 67m² (approx.)
Balcony: 14m² (approx.)

Body Corporate: $1,129.95 per quarter (approx.)
Rates: $2,077.61 annum (approx.)
Land Tax: $2,462.75 per annum (approx.) - paid only if rented out.
Year Built: 2021