Unit for Sale in Newstead

313/19 Masters Street

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  • 1 Bed
  • 1 Bath

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Unit for Sale in Newstead

Entry level apartment close to CBD & Gasworks precinct

  • 1 Bed
  • 1 Bath

Music to every investor's ears I would of thought? We are offering 4 x apartments located in the cosmopolitan hub of Newstead. The properties are located in the ARIS Apartment building on Masters Street, a stone's throw from the Gasworks prescient and Brisbane CBD. They are all part of the governments NRAS housing scheme, set up to reduce rental costs for low to medium income households. The benefits for the owners are major tax offsets and cash incentives, along with qualified and long-term tenants A win-win for everyone. On offer are 2 x Studio apartments, 1 x 1 bed, 1 bath, 1 car apartment and 1 x 1 bed, 1 bath, 0 car, all ranging in price from mid $200,000's to early $400,000's.

The opportunity is there to purchase all 4 apartments (all owned by the same owner) or individually depending on your budget. The more properties you own, the bigger the tax offsets and cash incentives available to you. These four properties combined received circa $34,000 last financial year in tax offsets from the federal government and a further $11,500 (approx.) in cash incentives from the QLD State Government.

All four properties are currently tenanted well into 2017, and carefully managed by an independent company who collect all rents and look after the day to day operations of the building. This area is popular with tenants being so close to the Gasworks precinct and Brisbane's CBD and public transport. To become eligible under NRAS in QLD, tenants must meet a number of different requirements. This gives investors peace of mind that there tenants are stable and able to pay rent each week.

These properties are ideal for investors and are a true set & forget' investment. Please call to find out more and book your private inspection. The owner's instructions are clear, they want the properties SOLD ASAP.

# Please Note: The photos depicted in this advert are of apartment 313 (Studio apartment) located on level 3.

Features:
  • Air Conditioning
  • Built-In Wardrobes
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Garden
Bedrooms:

1

Bathrooms:

1

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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Suburb

Newstead

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