30/1 Glenmore Ridge Drive, Glenmore Park
$440,000 - $459,000
Solid NRAS Investment Unit - Property ID: 824755 165
If you are looking for a solid investment purchase then this 15 month old 2 bedroom, 2 bathroom unit located in the prestige Glenmore Park estate definitely ticks all the boxes.
This property is leased out under the NRAS ( National Rental Affordability Scheme) where the current tenant pays $325 per week. On top of this there is the annual incentive government payments, normally paid in two increments throughout the year which totals approximately $10,000p.a. Break this down to a weekly amount and add it with the tenants weekly contribution and this property is producing a weekly return of around $520 per week. The NRAS is an Australian Government commitment to invest in affordable rental housing. The scheme addresses the shortage of affordable rental housing by offering tax-free financial incentives to investors. The NRAS is not a public housing scheme or welfare program, it is a tax-free incentive to induce more private investment in affordable housing
This beautiful unit offers a great blend of modern day colours combined with modern day fixtures and fittings to help create a very inviting and comfortable living environment.
The spacious lounge living area has beautiful tiled flooring and split system A/C unit to help maintain a comfortable living standard. There is a 5m long terrace with frosted glass panelling for extra privacy where one can sit back, relax and take in the surrounding views.
There are two great sized bedrooms which offer quality carpet floor coverings and built-in robes and both have sliding door access to the outside balcony. The master bedroom has its own stylish ensuite.
The gorgeous modern kitchen offers an array of quality cupboard & bench space, large pantry, stainless steel oven & exhaust fan with gas cooktops, large fridge alcove, dual stainless steel sink & breakfast bar facility, and is very central within the unit.
The large main bathroom is of considerable size and offers floor to wall tiling, separate shower, large bath, vanity & toilet.
The wide undercover balcony is the perfect place to sit outside, relax and take in some fresh air.
For car accommodation there is a single lock-up garage downstairs in a fully secured car park facility.
Strata fees are $595.85 per quarter.
Some benefits of investing in a NRAS investment property;
o An annual tax-free incentive that is indexed annually for 10 years.
o The NRAS incentive is not available to standard residential property investors.
o Increased income.
o A positive cash flow investment property.
o Tax deductions on interest payments.
o Tax deductions on property depreciation.
If you need time to sell another property or would like to know more information about this property, feel free to contact the agent Ross Heidtmann on 0407 113 039 or simply email email@example.com to find out how
All information contained herein is gathered from sources we believe to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.