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.
Fantastic location with easy access to the M1 Motorway, Nerang Train Station and to all the facilities the Gold Coast has to offer. Low maintenance living !
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
Currently set up with NRAS Benefits, this property offers investors great cash back incentives by the federal and state Governments for another 3 years or it can be available for the purchase of an Owner Occupier.
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***
NRAS State $2,778
NRAS Federal $8,336
***TOTAL EXPENSES - $7,759***
Horizon Management Fees $1,677
Body Corporate $2,924
***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.