Gungahlin waterfront terrace for sale offers workspace and home under one roof

If the opportunity to live and work from home has appeal, then an option in Gungahlin offers that – as well as a prominent waterfront position.

A strip of terrace properties on Phyllis Ashton Circuit opposite the expansive waters of Yerrabi Pond are slap bang in the middle of one of the most popular areas of Gungahlin for recreation and relaxation.

Numbers 90a and 90b comprise a street front commercial office with a two-storey apartment above.

The commercial space offers about 64 square metres and the apartment four bedrooms and two bathrooms over about 190 square metres.

Jason Roses, of Luton Properties Gungahlin, says the office/apartment configuration in this location is highly sought-after and this property is already receiving considerable interest.

“It’s rare to find this kind of option in a prime waterfront location,” he says.

“This is a great precinct with nearby restaurants, cafes and other boutique shops – the high level of foot traffic on the weekend, especially, underlines its popularity.”

The commercial space has the potential to suit a wide variety of business purposes – from professional services through to a range of retail options.

A pet grooming service occupies that space and has a lease until December with a three-year option. It returns $26,000 a year, plus GST. While configured to the current tenants’ needs, the premises could be remodelled to an open-plan design. A restroom and laundry is also on this level.

The apartment’s first level comprises an open-plan kitchen, living and dining with a balcony overlooking Yerrabi Pond. There’s also a space that can be used as a bedroom or an office with access to the balcony.

Upstairs there are three further bedrooms, the master with en suite and walk-in robes. It enjoys access to another balcony with one of the other bedrooms. The minor bedrooms have built-ins and share a bathroom.

The apartment returns rent of just over $26,000 a year, plus GST. It is currently rented on a month-to month basis.

Roses says the yield from the properties should prove attractive to an investor.

“It’s pretty strong at 5.5 per cent – that’s a better return than what many residential-only properties are able to deliver,” he says.

“Gungahlin is forging ahead in leaps and bounds and is one of the fastest growing population corridors in the country.”

Phyllis Ashton Circuit is close to schools and major shopping centres.

Auction: Saturday, June 24, 10am, onsite. Agent: Jason Roses and Samantha Morrissey, Luton Properties Gungahlin, 0431 419 847 or 0431 846 866.

Who’s in the market: The property will suit owner occupiers seeking to work from home, as well as investors.