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The Phone Code for this property is: 47343. Please quote this number when phoning or texting.
This property comprises two separate (dual key) dwellings with a separate one bedroom one bathroom unit upstairs and two bedroom two bathroom unit downstairs. Each unit is tenanted and had virtually nil rental vacancy over the past 4 years. The building was constructed in 2016.
This is a rare opportunity as each dwelling is entitled to a National Rental Affordability Scheme (NRAS) annual Govt payments (until 30 April 2026) if rented in accordance with the NRAS guidelines. NRAS payments totalled $22.5K in 19/20, are tax exempt, indexed annually and are in addition to rental income ($21.2K gross in 19/20) and claimable depreciation/building tax deductions ($9.8K in 19/20) and other deductions (property and interest).
In this low interest environment this property is strongly positively geared with a gross annual income yield over 8% and net yield after interest and property expenses of 5% making it an ideal acquisition for investment, FIFO or SMSF.
The owner has the flexibility to remove either one or both units from the NRAS scheme if they want to occupy or rent outside the NRAS scheme. Dunsborough is a growing vibrant community with very low rental availability and this property is well situated overlooking the Dunsborough Lakes Golf Course and positioned for capital growth. This property will be an excellent long term asset.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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