803/7 Union Street
nundah

This is an ideal investment opportunity for those looking to begin or add to a property portfolio.

Let's keep it simple.

• The property has been vacant for a total of 5 days over 2 and a half years.
• Fantastic tenants currently on a lease until July 2018 who have expressed their wish to stay on as long as possible.
• NRAS approved, roughly 2 and a half years into the 10 year scheme.
• Excellent property management team in place to take care of everything for you.

Figures:

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

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.

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