109/1 Bowden Court, Nerang

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The Apartment Lifestyle You Are Looking For

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***

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.

$295,000

ID# 11463121725

Andrew Davidson

Andrew Davidson
0411 760 600

The above information has been furnished to us by the vendor of each property. We have not verified whether or not that information is accurate and have no belief one way or another in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. all interested parties should make and rely upon their own enquires in order to determine whether or not this information is in fact accurate.