Owner is serious!! They want it SOLD now.
Situated in an ideal area for Tenants as it is located near transport, shops, schools and Hospitals. Only a short drive to the golden beaches of the Sunshine Coast and the Airport and only 40 min from Brisbane CBD. With upwards of 30 applications per property when they become vacant. If you want an investment that really works for you then this is it.
As an investment how does a 7.3%* return sound? Or buy in your self manged super fund and receive a lovely 10.8% return. Considering banks are returning between 2.6% and 3% this is a very good ROI.
As this is an NRAS property you are guaranteed a Tax Free cash back in a lump sum at tax time for another 6 years. All this for under $300k. It doesn't get better than this.
Features of this property include:
- 3 bedrooms with built in wardrobes and ceiling fans
- 2 bathrooms with modern fixtures
- Separate living with split system air-conditioning
- Large kitchen with plenty of bench space
- Gas hot water
- Under roof Alfresco Area
- 1 lock up garage
It is rare to find a unit with separate living areas so this property is a real gem. With a long-term tenant in place this investment property will be a perfect option to add to your already growing portfolio or at this price the perfect place to start.Price has been slashed so call now before you miss out.
Call Michelle Kennedy today on 0409 022 755 to find out more information.
What is NRAS?
The National Rental Affordability Scheme 'NRAS” is an Australian Federal Government initiative that provides Tax-Free Cash Incentives (currently $10,661) indexed annually for 10 years to certain residential property investors. This property has five years left, so you can double your return.
Tenants pay 20% under market rent, so while other properties sit vacant you'll be inundated with applications, giving you a better choice of quality tenants.
The Caboolture-Morayfield area is a high-quality location in the heart of South-East Queensland, one of Australia's fastest growing population areas with a chronic shortage in supply for affordable housing.
Not only does this area benefit from being within commuting distance of one of Australia's largest cities, the local area is packed full of all the amenities residents could ask for, with large retail shopping centres, recreational activity centres, high-quality medical facilities, world class equestrian centre, schools, new university as well as TAFE campuses, and even an airport!
All this comes with beautiful park and bushland, the Caboolture River, and beaches nearby.
The Morton Bay Regional Council is working on plans to guide the development of the Caboolture-Morayfield Principle Activity Centre into a regional centre that will play a key role in South-East Queensland's future.
The State Government has identified Caboolture-Morayfield as a Principal Regional Activity Centre (PRAC) in the South-East Queensland Regional Plan. Such centres are intended to provide a diverse range of jobs and services to meet the needs of residents and businesses and create a vibrant local economy.
In a jointly funded project, Council and the Queensland Government are working on a master plan to guide the development of Caboolture-Morayfield as a sustainable, people friendly, and innovative regional centre.
The master plan will include strategies for:
-Future commercial and retail development and redevelopment
-Identify the demand for future housing development
-Provision of community and cultural facilities needed
-The provision of public open spaces
-Integrated public transport
-Provision of infrastructure needed to meet the demands of a growing population