This property is a unit located on a lot in Nundah QLD. It has an approximate value of $260,000. Constructed in 2018, with 1 bedroom and 1 bathroom.
The numbers are compelling!! This is an ideal investment opportunity for the astute investor that is looking to capitalise on the recent drop in prices whilst enjoying the added investment returns from a National Rental Affordability Scheme (NRAS) property.Numbers: Rent: Currently leased $274.00 per week till 26/5/2020 Year 4 valuation recently completed @ $276 per week. NRAS Scheme Expiry -12/10/20242017/18 Total NRAS Benefit Received- $11,114.33Total of Rent & NRAS benefits equates to a 11% gross yield.Administration Fee: $2,393.02 per annum *Sinking Fund: $970.14 per annum *Insurance: $137.19 per annum *Urban Utilities: $188.58 per quarter plus water consumption. Property is water compliant and therefore water consumption can be charged to the tenant.Brisbane City Council Rates: $393.97 per quarter*consists of 3 payments per year with the calculation based on the last 3 amounts on the disclosure statement attached.Features:Larger than average floor planGround floor location with large balcony facing North.Spacious kitchen with stone top bench, electric cook top & dishwasherCombined living & dining air-conditioned Air conditioned bedroomEnsuite & built in wardrobe Study NookAmple storage & separate internal laundry with dryerLocation:Centrally located close to all amenities and transport benefiting from recent infrastructure and rejuvenation projects.200m walk to Nundah Village precinct which includes a supermarket, restaurants, cafes, gyms and shops. Alternatively it is a short walk to Toombul Shopping Centre featuring major retailers.400m walk to Nundah Train Station only 7 stops to Central Station (CBD)10 mins drive (approx.) to Brisbane Domestic & International Airport.Close access to major road arterials- Gateway & Airport Link Tunnel.The property is managed by the BHC, an experienced NRAS participant, offering exceptional service and a strong performance record on both the property management and NRAS compliance for the property.