Attention Investors - City Apartment under NRAS!

What a great investment opportunity! Imagine you own city apartment under the National Rental Affordability Scheme (NRAS). Currently tenanted until 04/02/2022 as part of the NRAS scheme with an income of $ 324.50 per week PLUS an annual incentive of $11,124 (approx.). Return on investment is 8.5% gross or approx. $27,980 (including NRAS incentive payment).<br/><br/>This stylish apartment perfectly located at the leafy eastern end of Flinders Street offers a quiet space near lush-green parklands. The vibrant Hutt Street and the site of the Adelaide Fringe Festival are only short stroll away. You couldn't imagine a more convenient location for an unparalleled café culture and easy access to amazing restaurants and shops.<br/><br/>What we love about this property:<br/><br/>* Main bedroom with built in robe and direct access to the two-way bathroom<br/>* Bedroom 2 can be used as a study/work office for those working from home<br/>* Reverse cycle air-conditioning for year- round comfort<br/>* Open plan kitchen with quality fixtures & fittings complemented with island<br/> breakfast bar table<br/>* Dishwasher for your smooth kitchen operations<br/>* Generous living and dining with an abundance of natural light & nice South- <br/> Eastern Hills view through the windows<br/>* European laundry that is tucked away out of view<br/>* Intercom access plus secure access<br/><br/>SA Water | $154 per quarter (approx.)<br/>Council Rates | $321 per quarter (approx.)<br/>ESL | $126 per annum (approx.)<br/>Strata | $749 per quarter (approx.)<br/><br/>For any further details and inspection times please contact Rohit Graak on 0433 377 892.<br/><br/>Disclaimer:<br/>This advert contains information and imagery which is believed to be accurate based on City Realty sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.cityrealty.com.au | RLA 262 481<br/>