9/131-133 Welsby Parade, Bongaree QLD 4507

Located on the first floor of On The Bay apartments with views to the Passage from your private balcony, sits this modern and spacious apartment.

Currently rented until October 2020 under the NRAS (National Rental Affordability Scheme) with 2 years left on the scheme, this is a great opportunity to invest now and perhaps move in later.

Less than 10 years old, the complex offers elevator access to all levels, secure intercom access to the building, security gate access to under croft parking and a 10m salt water pool with spa ledge and an on-site manager.

Apartment features include:
• 2 bedrooms both with built-in robes & sliding doors to balcony
• En suite to master bedroom
• Full size main bathroom
• Large open plan living and dining area
• Generous size wrap around balcony
• Split system air conditioning
• European style laundry

The Figures:
Current rent: $287.20 per week (20% below market rate)
Administration Fund Levy: $1,195.96 per quarter
Sinking Fund Levy: $ 435.75 per quarter
Balance of Sinking Fund: $156,508.25 (as at 30/11/18)

Call Kris or Nikki to arrange your inspection.