1/39 Nelson Street, Bundamba QLD 4304

Spacious Unit Perfect for Owner Occupier Or Savvy Investor (9% Rental Return)
Whether you are after a savvy investment or a home for yourself, this duplex is spacious, modern and in perfect condition.

Each unit has 3 generous bedrooms, 2 bathrooms and a single car garage on a 408m block (per unit). With a spacious, open plan kitchen living and dining area, these units are as big as stand alone homes in the area, for a fraction of the price.

There are several options with these units:
- Keep them both rented
- Live in one and have family living next door
- Live in one and rent our the other which will pay for itself

For the astute investors, these units have an incredible 9% rental return as they are currently part of the National Rental Affordability Scheme (NRAS). Both units return $512/week in total ($256 per unit) with an additional Tax-Free payment from the Government to the owner of $21,152 for the 2019/2020 financial year ($10,576 per unit).

ABOUT THE SCHEME

What is the National Rental Affordability Scheme?

NRAS is a commitment by the Australian Government to investors looking to invest in affordable rental housing. NRAS seeks to address the shortage of affordable rental housing by offering tax-free financial incentives to investors, corporate tax entities or super funds, who build or rent dwellings to low and moderate income households at a rate that is a least 20% below market rate. It aims to:

- Increase the supply of new affordable rental housing;
- Reduce rental costs for low to moderate income households; and
- Encourage large-scale investment and innovative management of affordable housing.

CURRENT INCENTIVE

The current tax-free payment from the Government to the owner for providing affordable housing is currently $21,152 for this property, on top of the rent already being received. The NRAS scheme is valid until October 2021.

More information about NRAS at: https://bit.ly/2MmgTDx

UNIT DETAILS

Unit A and B are an identical floorplan:
- Both returning $256/week as part of NRAS
- 3 bedrooms with built-ins and ceiling fans
- Master bedroom with ensuite and walk-in robe
- 2 bathroom with separate bath and shower
- Spacious open plan kitchen, living and dining space
- Kitchen with Ceaserstone benchtops, electric stove top and dishwasher
- Air-conditioned
- Internal laundry
- 1 remote control garage car space
- Outdoor undercover patio
- Rainwater tank
- Spacious, fully fenced 408m block per unit

Location*:
- 2 minutes drive to TAFE
- 3 minutes drive to Bundamba Train Station
- 5 minutes drive to Bundamba State Secondary College
- 5 minutes drive to Costco
- 6 minutes drive to Bundamba Racecourse
- 7 minutes drive to Booval Fair Shopping Centre
- 35 minutes drive to Brisbane CBD

With the owner motivated to sell and so much on offer, this is a great opportunity so I look forward to your enquiry!

Approximate*