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Fantastic Investment Property that really adds up, 100% Genuine Opportunity for savvy investor. Standard Strata Title / Freehold Property.
15% Gross Return !!! Priced for quick sale !!!
+$9724 Rent ( 7yr valuation of rent likely to increase to $10,088 )
-$1425 Property management fees
+$11,270 NRAS incentive ( changes with with CPI )
-$991.76 NRAS Provider 8.8% fee
-$4600 Body Corp Levies
-$2764 Council rates and water
$11,214 Income – close to 8% net return
One Bedroom & tenanted NRAS property in Oxford Crest Gympie Gardens over 50's Village. This unit is located in the newer stage 2 development and features larger & more modern units. The complex has onsite caretaker who keep the village in top condition year round. A clubhouse is available to residents for activities and meals if they chose, however this is independent living not aged care.
The units have a good sized kitchen with open plan living and dining area. Large bedroom with built in wardrobe. Ensuite style bathroom off the bedroom with internal laundry facilities. The unit also has a titled outdoor area at the rear for the tenants to enjoy some sunshine.
Most residents are pensioners and are assisted by the government to pay rent. Please call Agent Daniel Scanlan with any questions 0499227551
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