For Sale | Apartment,Unit | 109/1 Bowden Court, Nerang QLD 4211 | $295,000

Calling all INVESTORS - NRAS

  • 1 Bed
  • 1 Bath
  • 1 Car

Located within walking distance to the Nerang Railway Station this superbly positioned 1 bedroom unit is located in the ‘Lexington Apartments’ development which was completed in late 2011.

Currently set up with NRAS Benefits, this property offers investors great cash back incentives by the federal and state Governments for another 3 years.

1 Spacious bedroom

Modern kitchen with stainless steel appliances

Air conditioning in main living

Ceiling fan in bedroom

Large private courtyard

81sqm floor plan including balcony

Bathroom with separate toilet

Keyless secure carpark for 1 car

Large common courtyard

150m walk to the Nerang Railway Station.

200m walk to the bus exchange

Body Corp $57 p/w approx

Rates $32.30 p/w approx

Water $22.65 p/w approx

This property is currently tenanted with NRAS Benefits, but has a regular rental appraisal of $325 to $350.

The owner has provided us with the following figures; these figures include all government incentives.

***TOTAL INCOME - $25,091***

Rent $13,977

NRAS State $2,778

NRAS Federal $8,336

***TOTAL EXPENSES - $7,759***

Horizon Management Fees $1,677

Body Corporate $2,924

Rates $1,680

Water $1,178

Insurance $300

***NET RETURN - $17,332***

This property still has approximately 3 years to run on its NRAS contract, is professionally managed by Horizon Housing Solutions and is a secure risk free investment for the savvy investor who understands the outstanding growth opportunity this offers.

This is a no brainer.

This property is proudly listed by:

First National Real Estate Nerang Cnr Price & White Streets
Nerang QLD 4211

Open for Inspection
Sat 20 Oct, 10:00am - 10:30am

Additional information

Property Type Apartment,Unit
Property ID 11463121725
Street Address 109/1 Bowden Court
Suburb Nerang
Postcode 4211
Price $295,000
Air Conditioning