– MODERN DUPLEX INVESTMENT
– EACH UNIT HAS 3 BEDROOMS
– MAIN BEDROOM HAS ENSUITE
– OPEN PLAN LIVING SPACES
– COVERED OUTDOOR AREAS
– ELEVATED CORNER BLOCK ON 800M2
– POTENTIAL $650 PER WEEK RENT RETURN
If you’re an investor looking for an amazing rental return, then this one owner duplex sitting on an elevated block is the one for you.
This property was built in 2012 making it only 9 years young and is located in popular Wulkuraka. They say location is key when investing and I must say there is no better location than here! You can walk to public transport including rail, a quick commute to several local schools, shopping centres and you can take advantage of the Warrego Highway access which is only a few minutes’ drive away.
Each unit boasts three bedrooms with robes and fans. The master bedrooms have their own walk-in robes plus a private and modern ensuite.
The two remaining bedrooms in each unit are serviced by a modern main bathroom with a separate shower and bath.
Tiled & open plan living spaces are a key feature to the floor plan and boast air-conditioning.
The kitchens in each unit are very well appointed with plenty of storage space, a breakfast bar and dishwasher.
Each unit offers a generously sized single lock up remote garage with internal access for added security plus each have their very own covered outdoor entertainment area and their own fenced yard.
Currently rented as part of the National Rental Affordability Scheme (NRAS) this duplex has been a constant source of rebates, tax benefits and bonuses for the current owners but if you’d like to just purchase and find your own tenants on a traditional basis then our sellers would be happy to arrange a release from the NRAS system.
If these properties were rented through our agency your expected weekly rent would be around $320 – $325 per week for each unit.
With so much on offer and so much potential to discuss, contacting the agent is a must.
To arrange an inspection or for more details please email the listing agent Glenn Ball at First National Action Realty Ipswich today.
ABOUT THE SCHEME
What is the National Rental Affordability Scheme?
The National Rental Affordability Scheme (NRAS) is a long term commitment by the Australian Government to investors prepared to build affordable rental housing.
NRAS seeks to address the shortage of affordable rental housing by offering tax-free financial incentives to the business sector and community organizations to build and rent dwellings to low and moderate income households at below-market rates for 10 years. It aims to:
– increase the supply of new affordable rental housing;
– reduce rental costs for low to moderate income households; and
– Encourage large-scale investment and innovative management of affordable housing.
How does NRAS work?
NRAS provides a substantial annual tax-free incentive, called the NRAS Incentive, to the business sector and community organizations who build and rent dwellings to low and moderate income households at a rate that is a least 20 per cent below the prevailing market rate.
The annual income-tax free Incentive is currently $9,981 per dwelling, and is indexed each year to the rental component of the CPI.
The Incentive comprises:
– an Australian Government contribution of $7,486 per dwelling per year (paid as a refundable tax offset or payment); and
– A State or Territory Government contribution of $2,495 per dwelling per year (in direct or in-kind financial support).
Who benefits from the Scheme?
NRAS aims to provide affordable rental housing for low to moderate households. Eligible individuals and families are able to rent NRAS dwellings at a discounted rate, making their rental housing more affordable.
NRAS is intended as a tax-free commercial investment option for participants while also increasing the supply of affordable housing in Australia. Investors in the Scheme may benefit from enhanced cash returns, annual rental incentive and reduced vacancy rates over the 10 year life of NRAS.
Who is eligible to participate in NRAS?
Potential participants in NRAS include financial institutions, investors, private developers, not-for-profit organizations and community housing providers who may build, own, finance or manage NRAS dwellings.
DISCLAIMER: First National Action Realty has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. All distances, measurements and timeframes contained within this advertisement are approximate only. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.