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Incredibly rare dual income opportunity in Fitzgibbon 6 Nightcap Lane, Fitzgibbon QLD 4018
Price by Negotiation
Overview
Listing Number: 3301420
House
Built
2014
Fitzgibbon
Location
4
Bedrooms
3
Bath
2
Garage
2
Total Car Accom
Property Description

34 Warrumbungle Pde / 6 Nightcap Lane Fitzgibbon

Incredibly rare dual income opportunity in Fitzgibbon –
The Johnny Lin team would like to present this incredible investment opportunity, our team have been selling in Fitzgibbon for over 15 years and have only come across this type of opportunity a handful of times.
Presenting 2 separate properties on one title that is FREEHOLD (no body corp.) with individual street frontage and entrance (34 Warrumbungle Pde and 6 Nightcap Lane).
Both properties are approved participants under the NRAS though an associate company Crown Property and will Finish December 2023.
After the Tenancy ends you can move into one and rent out the other for extra income.
This property features a Studio as well as a separate 3 bedroom 2.5 bathroom 2 car Tandem Garage (see floor plans)
Here is some extra information provided by the owners (please do your own research)
Rates and Water average:

Water: $1,292 for the last 12 months
Rates: $1,593.40 for the last 12 months

NRAS:

This property holds the following current NRAS benefits;
1 May 2022 to 30 April 2023 (12 Months) $11,124.07* x 2 = $22,248.14*
1 May 2023 to 22 December 2023 (236 days) ($11,124.07*/365×236)*2 = $14,385.09*
Total = $36,633.16 Tax Free Government Incentives (based on settlement by the 1st May 2022)
*This is the figure for the NRAS year from 1 May 2021 to 30 April 2022. This figure will be indexed for CPI in future year

Current Market Rent:
Studio $183.00pw till 25/05/2023
3 Bedroom townhouse $307.00pw – 04/08/2022
Total Rent per Annum = $25,480
Total Rent per Annum including the NRAS Incentive = $47,764.14
Potentially 6.87% return

RENT AFTER NRAS
Studio Unit: $280.00pw
3 Bedroom Unit: $480.00pw
Total $760.00pw or $39,520.00 per annum
Potentially 5.68% rental return

You can research the NRAS here https://www.dss.gov.au/housing-support/programs-services/housing/national-rental-affordability-scheme/nras-investors

If you do not want to miss out on this opportunity, we recommend you contact us right away as this will not last long.

Property Details
Property Type
House
Build Year
2014
Location
Fitzgibbon
Bedrooms
4
Bathrooms
3
Garage
2
Total Car Accom
2
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Incredibly rare dual income opportunity in Fitzgibbon
6 Nightcap Lane, Fitzgibbon QLD 4018
House
Built
2014
4
Bedrooms
3
Bath
2
Garage
Price by Negotiation
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