Contemporary Villa within Easy Reach of Everything

Walk to Grace Lutheran College, Rothwell train station and Rothwell Central shopping centre from this quiet neighbour location. Purchase this well-appointed lowset property with tenants already in place or vacant and ready to move in at settlement. Situated in a recently built boutique complex of eight, the home provides modern quality fixtures and fittings throughout. Features include air conditioning, stainless steel appliances and a dishwasher, stone benches, security screens, an attractive fully fenced rear courtyard and a remote controlled garage.

At a glance:
- 2 large bedrooms inc built-in robes, 1 bathroom
- Stone bench tops in kitchen, S/S appliances & dishwasher
- Ceiling fan & air conditioning
- Security screen door, fly screens & window coverings
- Remote controlled garage with internal laundry
- Attractive rear courtyard, boutique complex of 8 only villas
- Low body corps: $581.14 per ¼ year

Investors note:
This property currently participates in the National Rental Affordability Scheme (NRAS) providing the tenants a reduced weekly rent and the owner/investor with lucrative government subsidies to create a higher annual rental yield for a fixed period of years. I’ve provided some further financial details below to peruse. I’d welcome the opportunity to provide further information on the scheme to interested buyers.

NRAS financial estimates:
- Market rent: $300 p/w (less 25.01% to the approved NRAS tenants)
- 4 years of NRAS subsidies = $11,270 + CPI p/a (exp: 29/03/2025)
- NRAS rental $224 p/w = $11,648 p/y
- Gross annual income = $22,918 p/y
- Property management fees -$2,665 p/y
- Body corp fees -$2,324 p/y
- Council rates -$1,600 (approx.)
- Total Net annual income estimate: $16,329

Disclaimer:
The figures provided above are indicative only and are not guaranteed. They are based on certain assumptions made about the future, which may or may not be correct. For example, rental vacancies or non-compliance with the regulations of the National Rental Affordability Scheme (NRAS) could change the outcome. The figures do not constitute financial advice and HERS Property is not licensed or qualified to provide financial advice. Do not rely solely on these figures to make a decision about the purchase of the property. We strongly encourage you to seek formal advice from a licensed financial adviser, legal or tax adviser before purchasing a property. HERS Property is not liable for any consequences resulting from your reliance on these figures.