This is independent editorial content written by a PropertyMash Journalist. While we try to ensure all information is as accurate as possible, please double check with the developer or real estate agent directly before making a purchasing decision. The information contained within this article may be incorrect or out of date.
ISKIA is a new apartment development in the heart of Canberra, located close to the Parliamentary Triangle and the CBD. These new apartments for sale are located in the suburb of Campbell and sit on Constitution Avenye, one of the roads connecting the parliamentary corridor in Canberra, Australia’s Capital City. The project is currently under construction with expected completion in August this year. The project consists of 125 one, two and three-bedroom apartments as well as 10 premium residences which are already sold out. The ground floor opens out to a large plaza where a mix of office, retail and a prominent Canberra restaurant, cafe and juice bar will operate.
The display suite for ISKIA is located two doors away from the site at 71 Constitution Avenue, Campbell. The display is open from midday – 2pm, Monday – Friday and 11am – 3pm on the weekend.
ISKIA is a stone’s throw from the lake, airport, museums and CBD retail in the sought-after suburb of Campbell, nestled between ASIO and Defence Headquarters, ISKIA is currently under construction, with completion expected in August this year. Located in the iconic Parliamentary Triangle, ISKIA will appeal to Canberra resident’s who want to live in one of the most prestigious addresses in Australia. It’s also a great option for interstate and international investors looking for an ideally positioned premium pad when they come to town for business (and perhaps meetings with the Prime Minister).
Construction on ISKIA is currently well underway and on the home stretch with completion on this project due in August 2019. Check back with us regularly for further construction updates on this project.
ISKIA is situated within easy reach of an abundance of amenities and just a few minutes from Canberra CBD, universities (ANU and UNSW), and national treasures. Sitting a 5-minute walk from Lake Burley Griffin means many of the southern apartments have excellent views out onto the lake. The proximity also means a lovely afternoon stroll by the lake or a picnic on Aspen Island at the National Carillon are never too far away.
There is a bus stop right out the front of the site on Constitution Avenue and there are plenty of schools close by. Canberra Grammar School’s early childhood campus is just 1.3km away on Blamey Cresent and the main campus is just 12-minutes drive away in Red Hill. Campbell High School is also located just 5 minutes away, as is the Canberra Institute of Technology and a new UNSW campus.
On the ground floor of ISKIA residents will find a gym, a commissioned sculpture piece by well-known artist Matthew Curtis and a podium pergola and hidden garden to the north of the residences that will provide the perfect meeting point for family and friends. The Plaza offers an extension of the apartments at ISKIA with award-winning lantern rooms, a Japanese inspired cafe and juice bar with its own unique gym offering . There is also secure underground parking provided, with at least two car parks and ample storage space allocated for each available apartment.
Remaining three bedrooms are around 110 square metres internallyy and all apartments include large balconies with carefully-orientated aspects, with the majority sitting around 25 square metres. Some of these apartments offer external areas of up to an impressive 64 square metres, with a choice of parkland or lake outlook to the National Carillon, Parliament House and Black Mountain.
The apartments for sale at ISKIA all feature plenty of built-in storage throughout. With the three-bedroom configurations, the balconies open up from both the first and second bedroom, as well as from the living room, giving the apartments an open and airy feel with plenty of cross-breezes. All apartments offer a separate internal laundry, as well as a large kitchen and meal area. For the full range of available floor plans, please enquire below.
Featuring a suite of Miele appliances including a ceramic induction cooktop, as well as stone benchtops and a stainless double-bowl sink, these kitchens are made to be used. The kitchen and bathroom areas are tiled while living and dining areas feature engineered floorboards and bedrooms have premium carpet. Several of the larger configurations also include a bathtub as standard in the main bathroom. All laundries come with a Bosch stacked condenser dryer and front loading washing machine.
The central Canberra market offers great rental yields, with an average of 6% yield per year across all apartments on the market.
Due to the central location and proximity to both Parliament House, city CBD and the airport, ISKIA apartments are expected to be a popular option for renters in Canberra. Rents at ISKIA is estimated to be between $700 and $800 per week for the three-bedroom apartments, depending on the outlook and aspect. The fully-furnished apartments in this location are expected to achieve north of $900 per week.
Body corporate fees at ISKIA will sit at between $3,500 and $4,500 a year, which equates to about $75 – $85 a week.
ISKIA is the latest development by Hindmarsh, one of Australia’s leading development companies producing one to two developments per year. In the 40 years Hindmarsh has been in operation, they have built a diverse range of buildings including Adelaide’s SAHMRI, government offices, institutions and data centres along with 2,500 residential apartments. They continue to work on large-scale projects across the country. Also currently under construction by Hindmarsh is Tarlo, a development of just 41 townhouses located in the geographical centre of Canberra in Woden.