This 6 year old duplex has a proven and strong income stream including NRAS delivering over 11% return. Put this cashflow workhorse to work for you.

Located between Toowoomba & Gatton in the peaceful and family-friendly town of Helidon is this high performing investment opportunity.

Are you an investor looking for a great buy that offers you some amazing tax incentives? This property could be just what you have been looking for. If you are familiar with the NRAS scheme you will know this property is an excellent investment.

This stylish duplex consists of a 3-bedroom, 2 bathroom, single lock-up garage unit PLUS a 2-bedroom, 1 bathroom, single garage unit. Both units have strong rental histories and are kept immaculately neat and tidy.

Features include:

UNIT 1
- 2 built-in bedrooms (
- Open plan kitchen and living
- Modern kitchen
- Air-con to living and main bedroom
- Ceiling fan to bedroom 2
- Tiled living area
- Remote single garage
- Under roof outdoor area
- Fully fenced yard

UNIT 2
- 3 built-in bedrooms
- Ensuite to main
- Large open plan living
- Large Modern kitchen
- Air-con to open plan living and main bedroom
- Ceiling fans to bedrooms 2 & 3
- Tiled living areas
- Remote single garage
- Under roof outdoor area
- Fully fenced yard

Located in Helidon (between Toowoomba and Gatton) and positioned within close proximity to local amenities including supermarket, primary school, RSL club, pub, post office, daycare centre, and sporting grounds.
MAJOR LOCAL EMPLOYERS include Stanbroke Beef (500 staff) , Southern Queensland Correctional Centre (400 current staff increasing to 900 when stage 2 is complete), Withcott Seedlings (200), Pohlman Nursery (185), Nolan’s Transport (250), Orica (130) plus Gatton & Toowoomba are both only 20 minutes away and with the Toowoomba Bypass now completed and open, the new Toowoomba-Wellcamp Airport & Business Park and Toowoomba Enterprise Area (25,000 new jobs to be created) are only 25 minutes drive by new 4 lane highway. Brisbane is just over an hour.
These units enjoy high occupancy and fill a niche gap in the market as the vast majority of MODERN rental homes are 4 bedrooms and 2 bathrooms renting for $350-$360pw, and cheaper rental properties under $300p/w are older and requiring maintenance. Therefore these units are in demand from tenants.

UNBEATABLE RETURNS WITH NRAS INCENTIVES
The National Rental Affordability Scheme (NRAS) is an Australian Government initiative to supply affordable rental dwellings. NRAS investors are eligible for substantial tax-free incentives that are not available to conventional, individual residential property investors, with each approved dwelling attracting an annual incentive for 10 years. The two key elements of the Incentive are:

- A Commonwealth Government Incentive currently of $8,436.07 per dwelling per year as a refundable tax offset or payment; and
- A State or Territory Government Incentive currently of $2,812.02 per dwelling per year in direct or in-kind financial support.

For this property, the key figures are:
Leased – $25,084.80p.a ($482.40p/w)
NRAS Incentives – $22,496.18pa. (2 incentives @ $11,248.09 for 2019/2020)
TOTAL Income – $47,580.98pa (over 11% return)

Note. Rent at $227.20pw (Unit 1) & $255.20pw (Unit 2) is discounted 20% as required by NRAS – Full market value rent is $603p/w for both units.

NRAS incentives apply to 16/10/2023.

The future path you take with this property is flexible! You can either:
1. Continue with NRAS and reap the benefits for the remaining 4 years of the scheme term with the reassurance of a solid rental income;
2. Remove it from the scheme and rent it through the standard rental market once the current lease expires, or;
3. Collect the rental income for the remainder of the current lease and then move in to one of the units and rent the other out! Perfect for those who like to travel and still have a base to call home + receive income from the other unit.

Investment packages like this don’t come along very often so if you’re after another one for your portfolio be quick to call the listing agent Brendan Homan for more information on this property and how the NRAS scheme can benefit you.

Land size: 814sqm

General Council Rates: $969.32 (6 months)

Urban Utilities (Water & Sewerage): $401.82 (3 months) – Usage charged to the tenants