Owner slashed price by $40,000 be quick to snap up a bargain!
An investment opportunity now exists to purchase a NRAS (National Rental Affordability Scheme) unit in the popular Sunshine Cove precinct in Maroochydore.
This 2 bedroom, 2 bathroom unit is in walking distance to the Sunshine Plaza, which is currently undergoing a $400m redevelopment.
NRAS is a Commonwealth Government initiative that offers annual incentive to owners for a 10-year period as a refundable tax offset.
For the last financial year (2016-2017) the NRAS incentive was $11,048 TAX FREE!! This figure is linked to CPI and adjusted annually.
The rental income is in addition to incentive and was over $15,000 for this period.
Body Corporate fees are very reasonable, only $898 per 6 months !
To read more about NRAS, please click on this link – https://www.qld.gov.au/housing/renting/nras
**Property is currently tenanted so photographs are limited.