Reap the rewards of what is arguably the best investment property current on the Hervey Bay market. Alternatively this home is equally suitable for someone looking to downsize without compromise. Centrally located in the Augustus Estate Urraween - you are only moment from local schools, and the Eli Waters shopping complex. Tenanted at $284/week (from 30th October) under a ten year NRAS agreement (expires 29/10/2024) which means you can lock it away and enjoy the guaranteed benefits this scheme provides - this agreement can be terminated for those looking to occupy the property themselves or who prefer to rent it out at current market value through their choice of agent. The very basic explanation is that in exchange for charging 74.99% of the market rent to the tenant the State & Federal Government will pay an annual incentive payment. The incentive amount ($11,124.07) for the current NRAS year is below, the State Government payment is cash to a bank account and the Federal Government payment is a fully refundable tax offset that your accountant claims on your tax return. It will either reduce your tax liability or if it is greater than the tax you owe it will be paid to you as a refund. Property features: * Well presented 7 year old home * Light & airy open plan tiled living * Two bedrooms each with built in robes * Central main bathroom with bath and shower * Double garage with remote access * Laundry * Undercover outdoor area * 375m2 fully fenced low maintenance block * Freehold stand alone home (no body corp fee's) * NBN FTTP NRAS investment property acquisition is rare - contact today to secure this property.