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Stylish Apartment, Stunning Views – Incredible Value Opportunity
Perched on the top floor of the boutique Lorient complex, this beautifully renovated apartment combines sweeping 180-degree views with a light-filled, modern interior. Offering a premium position and stylish upgrades throughout, it presents an exceptional opportunity to secure a standout property in one of Canberra’s most convenient and connected locations, moments from Manuka, Kingston, and Woden.
Ordinarily, apartments of this calibre are valued in the range of $550,000–$590,000. However, with building remediation works underway and costings still being finalised, the owner has priced the property attractively at $400,000 and is open to offers. This represents genuine value and an opportunity for buyers to secure a quality home at a significantly discounted price, with clear upside once the works are completed.
Capital Building Remediation Pty Ltd has been engaged to oversee the project, and structural propping is now in place to ensure integrity in the affected areas. A staged remediation plan has commenced, addressing items such as slab reinforcement, concrete spalling, and balcony drainage. The Owners Corporation has taken a proactive approach, maintaining a healthy sinking fund and ensuring the building’s long-term condition is well managed.
* Spacious two-bedroom, two-bathroom layout in a boutique complex of just 24 units
* Modern kitchen with stone benchtops, full-sized pantry, and quality appliances
* Engineered ash oak floorboards and plantation shutters
* Light-filled bedrooms with built-in robes; master features a luxurious ensuite
* Oversized balcony with sweeping 180-degree views
* Single car space
* Prime position close to Manuka, Kingston, Woden Plaza, and Canberra Hospital
* Zoned for Red Hill Primary, Canberra Grammar, and Narrabundah College
* Currently tenanted on a periodic lease at $550/week (8 weeks’ notice for vacant possession)
Building & Financials:
* Built in 1994; remediation works now underway to meet current codes
* Identified areas include slab reinforcement, concrete spalling, and balcony drainage
* Project management and engineering design: $76,000–$96,000 (funded by Owners Corporation)
* Further construction costs are yet to be confirmed
* Sinking fund: $322,000 | Admin fund: $75,000
Strata: $2,321pq (approx.)
Rates: $697pq (approx.)
Land Tax: $983pq (approx., if rented)
EER: 4.0
Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must rely on their own enquiries. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra
