$247,500

Unit 1 & 2, 18 Wisteria Lane, Southside, QLD 4570


Investor alert! Buy 1 better still buy 2 duplex units!

Great investment opportunity. These duplexes are currently under the NRAS scheme (National Rental Affordability Scheme), expiring on 30 April 2023 with a current total return at approx. $880 per week. Yep, do the maths here folks. You simply cannot and will not go wrong with this great deal. Buy 1 at offers over 260k with a rent return of approx. $440 per week or buy both!

These really are the whizz bang of all duplexes with a 9+% return! No expense has been spared with these spacious modern contemporary quality three-bedroom, duplex’s in a great location. Stylish & modern they are a perfect investment for the lucky buyer. So, buy one or the other, or buy both!

Location:
Located on the sought-after Southside of Gympie close to shops, schools, medical precinct, public transport only 6 minutes to Gympie CBD. 50 minutes to Noosa and Sunshine Coast airport. 2 hours North from Brisbane. Gympie is situated between Noosa and Fraser Island, and is part of South East Queensland, one of the fastest growing regions in Australia. The Cooloola Region centres on the historic city of Gympie and includes the Cooloola Coast and the Mary Valley.

Dwellings:
Modern contemporary brick and colorbond 3 bed, 1 bath, 1 lockup car with nice outlook and positioned to capture the afternoon breezes.

All unit features:
Single story detached strata titled residential villa unit located in a community title scheme.
Each unit is of timber frame veneer construction with a colour bond roof.
Modern decor and quality finishes throughout with great floor plan considerations.
Covered entry porch.
Air-conditioned open plan tiled living, dining, kitchen.
Stylish modern kitchen with electric cooktop, wall oven, dishwasher, and pantry.
3 x carpeted bedrooms with ceiling fans and built-in robes.
Bathroom with separate toilet.
Private covered outdoor entertaining area.
Single lockup garage with remote access & laundry provision.
Low maintenance landscaping with retaining walls and privacy timber fencing.
Concrete driveway and extra parking bay for visitors.
Town services and water.
Rates approx. $1,500 ½ year each unit
Landlords Insurance approx. $270 per year.
Building insurance approx. $610 per year

For the astute investor the current owner has a comprehensive depreciation schedule in place, which they are willing to share with the incoming investor. Current lease is in place on each unit until November 2019 with a current NRAS rent of $224.00 per week with NRAS payment on top. For further information on the Australian Federal & State Government initiative National Rent Affordability Scheme (NRAS), providing investors with an opportunity for Tax free cash incentives (currently $11,192 indexed annually for 10 years to eligible residential property investors). Please refer to https://www.dss.gov.au/housing-support/programs-services/housing/national-rental-affordability-scheme/nras-investors

Disclaimer
Whilst all due diligence has been taken in the preparation/details of this document agents2go can attach no guarantee to them and recommend intending purchasers conduct their own enquiries.

Property Code: 906

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