INVESTORS - The numbers are good!!
For Sale $299,000
This is an ideal investment opportunity for those looking to begin or add to a property portfolio.
Let's keep it simple.
1.The property has been vacant for a total of 5 days over 2 and a half years.
2.Fantastic tenants currently on a lease until July 2018 who have expressed their wish to stay on as long as possible.
3.NRAS approved, roughly 2 and a half years into the 10 year scheme.
4.Excellent property management team in place to take care of everything for you.
Rent: $300.00 per week - 20% below the current market rent as part of the National Rental Affordability Scheme (NRAS)
Administration Fee: $ 2,297.68 per annum *
Sinking Fund: $ 919.08 per annum *
Insurance: $ 175.11 per annum *
Urban Utilities: $ 233.44 last quarter
Brisbane City Council Rates: $ 374.60 last quarter
The property has been immaculately kept and sits on the top floor of the Nexus building taking in those beautiful Moreton Bay breezes and fantastic Nundah views, you really can see just about everything from up here. Features include:
•Good size bedroom with air-conditioning
•Ensuite & large built in wardrobe
•Combined living & dining also air-conditioned
•Spacious kitchen with stone top bench, electric cooktop & dishwasher
•Study Nook with views out to the West
•Large balcony with incredible views over Nundah
•Plenty of storage & internal laundry with dryer
•Secure car park
Just 100m walk into Nundah, this is a fantastic low risk investment to get your hands on, reap the rewards now during the NRAS period and watch your investment grow in the many years to come.
What is NRAS?
The national rental affordability scheme (NRAS) encourages large-scale investment in affordable housing. It offers tax and cash incentives to providers of new dwellings, provided they are rented to low, and moderate, income households at 20% below market rates.
The NRAS started on 1 July 2008 and offers annual incentives for a period of 10 years. The NRAS incentive is tax-free income and has two components:
•a Federal Government contribution in the form of a refundable tax offset or payment to the value of $8,286.03 per dwelling per year in 2016-17.
•a state or territory contribution in the form of direct financial support or an in-kind contribution to the value of at least $2,762.01 per dwelling per year in 2016-17.
This is a re-sale of an existing NRAS property, for further information please contact Krystal on 0423 556 510.
Information relating to NRAS sourced from the Australian Taxation Office Website. www.ato.gov.au