MODERN LIVING NEAR THE OCEAN

This community titled townhouse built in 2014 offers the opportunity to purchase a modern, low maintenance property in a sought-after seaside suburb.

A practical floorplan has the living areas situated in the downstairs portion, with all three bedrooms upstairs. Tiled living areas are an advantage, as is the level of storage throughout with robes to bedrooms 1 & 2, linen press, built in laundry cupboard and a further storage room under the stairs. There's a large main bathroom upstairs to service the sleeping quarters, as well as a second toilet off the laundry downstairs.

The home has a lovely light and bright feel with a neutral colour scheme and sleek modern décor throughout. The stunning galley style kitchen with stone benchtops is conveniently located between the two living areas. It contains stainless steel appliances, including a dishwasher, and plenty of cupboards.

The location is fabulous, offering unlimited walking and bike riding along the nearby beachfront, whilst enjoying the fresh sea air and spectacular scenery. Boutique shopping is available on nearby Beach Road, along with trendy café's and restaurants.

Other features we love include:

- Flexible floorplan with two living areas
- Ducted R/C heating/cooling
- Low maintenance sunny courtyard
- Instantaneous gas hot water
- Single carport with electric roller door and internal access
- Close to the beach, Colonnades, the Beach Road shopping precinct, schools and public transport
- Only a short drive to join the Southern Expressway for an easy commute to the city

This home would be ideal for an investor, currently being registered under the National Rental Affordability Scheme (NRAS). It can also be purchased for you to occupy yourself.

What is the National Rental Affordability Scheme (NRAS)?
To increase the number of rental homes available to tenants, the Government currently provides financial incentives to some landlords via the National Rental Affordability Scheme.

As an incentive to the property owner, the following annual TAX-FREE benefits are currently being offered by the government:

Federal Incentive $8,436.07
State Incentive $2,812.02
TOTAL $11,248.09

The above is claimed annually via the property owner's tax return and is tax free. The only stipulation is that the home must be leased for 20% less than market value. So, for example, this property has been valued to rent for $370 per week by a professional valuer. It can therefore be leased under the NRAS scheme for $296 per week to tenants.

This equates to $3,848 less per year than market rent. However, once government incentives are taken into consideration, the property owner is ahead by $7,400 per year. This equates to an approximate weekly rental return of $438.

The property has an existing tenant, however they are willing to move if you wish to move in yourself.
Please contact the agent for further information on the NRAS Scheme.

The above information is not intended as financial advice.

RLA269825