This 7.5 year old dual income property has a proven and strong income stream including NRAS delivering over 11%* gross return p.a.. Put this cashflow workhorse to work for you. Located between Toowoomba & Gatton in the peaceful and family-friendly town of Helidon is this high performing investment opportunity. Are you an investor looking for a great buy that offers you some amazing tax incentives? This property could be just what you have been looking for. If you are familiar with the NRAS scheme you will know this property is an excellent investment. This stylish dual income property consists of a 3-bedroom, 2 bathroom, single lock-up garage residence PLUS a 2-bedroom, 1 bathroom, single garage residence. Both have strong rental histories. Features include: RESIDENCE 1 - 3 built-in bedrooms - Ensuite to main - Large open plan living - Large Modern kitchen - Air-con to open plan living and main bedroom - Ceiling fans to bedrooms 2 & 3 - Tiled living areas - Remote single garage - Under roof outdoor area - Fully fenced yard RESIDENCE 2 - 2 built-in bedrooms : - Open plan kitchen and living - Modern kitchen - Air-con to living and main bedroom - Ceiling fan to bedroom 2 - Tiled living area - Remote single garage - Under roof outdoor area - Fully fenced yard Located in Helidon (between Toowoomba and Gatton) and positioned within close proximity to local amenities including supermarket, primary school, RSL club, pub, post office, daycare centre, and sporting grounds. MAJOR LOCAL EMPLOYERS include: - Stanbroke Beef (600 employees) - Southern Queensland Correctional Centre (1,000 employees) - Withcott Seedlings (200) - Pohlman Nursery (185) - Nolan's Transport (250) - Orica (130) plus Gatton & Toowoomba are both only 20 minutes away. with the Toowoomba Bypass now completed and open, the new Toowoomba-Wellcamp Airport & Business Park and Toowoomba Enterprise Area (25,000 new jobs to be created) are only 25 minutes drive by new 4 lane highway. Brisbane is just over an hour. These residences enjoy high occupancy and fill a niche gap in the market as the vast majority of MODERN rental homes are 4 bedrooms and 2 bathrooms renting for $360-$380pw, and cheaper rental properties under $300p/w are older and requiring maintenance. Therefore these are in demand from tenants. UNBEATABLE RETURNS WITH NRAS INCENTIVES The National Rental Affordability Scheme (NRAS) is an Australian Government initiative to supply affordable rental dwellings. NRAS investors are eligible for substantial tax-free incentives that are not available to conventional, individual residential property investors, with each approved dwelling attracting an annual incentive for 10 years. The two key elements of the Incentive are: - A Commonwealth Government Incentive currently of $8,343.05 per dwelling per year as a refundable tax offset or payment; and - A State or Territory Government Incentive currently of $2,781.02 per dwelling per year in direct or in-kind financial support. For this property, the KEY FIGURES are: Discounted rent return - $25,792pa ($496p/w) NRAS Incentives - $22,248.14pa. (2 incentives @ $11,124.07 for 2021/2022) TOTAL Income - $48,040.14pa (over 11.5% gross return) Note. Rent at $264pw (Unit 1) & $232pw (Unit 2) is discounted 20% as required by NRAS - Full market value rent is $620p/w for both units. NRAS incentives apply to 21/08/2023. Unit 1 currently leased until 10/09/2021. Unit 2 currently leased until 9/5/2022. The future path you take with this property is flexible! You can either: 1. Continue with NRAS and reap the benefits for the remaining NRAS term with the reassurance of a solid rental income; 2. Remove it from the scheme and rent it through the standard rental market once the current lease expires, or; 3. Collect the rental income for the remainder of the current lease and then move in to one of the units and rent the other out! Perfect for those who like to travel and still have a base to call home + receive income from the other unit. Investment packages like this don't come along very often so if you're after another one for your portfolio be quick to call the listing agent Brendan Homan for more information on this property and how the NRAS scheme can benefit you. Land size: 805sqm General Council Rates: $1,111.30 (6 months) Urban Utilities (Water & Sewerage): $421.29 (3 months) – Usage charged to the tenants