$360,709.00

2

2

1

INVESTOR ALERT - RETURNING 7%!! GROSS 5.5% NET

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.

Features
  • Air Conditioning
  • Balcony
  • Built In Robes
  • Dishwasher

8/1 Amity Avenue, Maroochydore

$360,709

2

2

1

Description
INVESTOR ALERT - RETURNING 7%!! GROSS 5.5% NET

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.

Agent Details
Graeme Hennell

Licensed Real Estate Agent

mobile 0412 481 549

phone 07 5476 5588

office 07 5476 5588

email[email protected]

Agency Details
Sunshine Coast

location

1 Fitzwilliam Drive, SIPPY DOWNS QLD 4556

phone

Key Details
property ID 1358158
build size 108m²
Media
Features
  • Air Conditioning
  • Balcony
  • Built In Robes
  • Dishwasher
Location