This very well presented 3-bedroom town house is returning $300 p/w income Plus the Government NRAS scheme incentive of an extra $11,192.13 each year for this property(breaking this down makes this $515.23 p/w rent income), with long term tenants already in place plus an extra option on the next lease to secure your investment.
Keep it as an NRAS property or revert to the normal rental market, the choice is yours.
NRAS-The after-tax return from this NRAS property, as compared to the same property not in the scheme, is significantly improved due to the incentive paid to you of $11,192.13 per annum for the current NRAS year. This property has around 2 1/2 years remaining under the scheme then reverts to normal rental property at market rent, currently at around $375 p/w, this figure would be expected to be higher in 3 years time.
Body corp. fees approx. $54.75 p/w
Council rates and water approx. $51.96 p/w
Rent $300 p/w (plus $11,192.13 P/A under NRAS Scheme = $515.23 per week rent)
Purchase price Offers $285 000
Gross Yield 5.47%* Plus NRAS incentive of $11,192.13 P.A makes the Gross Yield 9.34%
Property description:
* 3 bedrooms all with mirrored built-Ins and shelves
* Master bedroom with ensuite and mirrored built-ins.
* Second and third bedroom also has mirrored built-Ins with shelves
* 3 toilets (main bathroom plus ensuite, downstairs separate toilet)
* Ducted zoned air conditioning throughout
* Ceramic tiled open plan living and dining areas
* Modern kitchen, Stone Bench Tops, stainless steel dishwasher, range hood, overhead cupboards and ceramic hot top and oven.
* Large quality storage under the staircase
* Alarm system
* Down lights throughout
* Security screens to windows and doors down stairs and fly screens upstairs
* Single remote large lock up garage
* Fully fenced private rear garden with rain water tank
* Security cameras in complex with a large pool
* Walk to Bus, trains, schools and shops for tenants convenience (Coles shopping just
opposite the complex)
* Great onsite managers to protect and grow your investment
* Built in 2011.
Watch your investment portfolio grow with excellent presentation to the complex and complimented by lush landscaping, Walk to shops, transport and schools for tenants ease makes this is a must, act now.
* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Onsite Property and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property, its principal’s, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.
