This fantastic villa is currently part of the National Rental Affordability Scheme (NRAS) and is leased on a fixed term lease until the 14th of January 2018 at $349 per week. NRAS is a joint Australian and WA Government initiative which aims to increase the supply of affordable rental properties in WA.

Under NRAS, owners can only lease their property to individuals or families on low-moderate incomes, the rent charged must be a minimum of 20% below market rent. In return, owners can apply for an annual incentive from the WA and Australian Governments of up to $10,000 tax-free (indexed annually) for up to 10-years (inclusive of time already incurred which is approx. 3.5 years)

Potential buyers of this townhouse have the option to either:

A) Keep the property under the National Rental Affordability Scheme and continue to lease it under NRAS conditions. Receive the associated tax-free incentive & benefits.

B) Discontinue the NRAS, continue it as an investment property, and after current lease expires re-lease it at market rent with no restrictions.

C) Discontinue the NRAS and after current lease expires, move into the property!

The property itself is within a modern and well-designed complex that provides a lovely sense of privacy and security. It features a double garage with shoppers entrance into the home, a bright and modern kitchen, spacious living area, two modern bathrooms, three double sized bedrooms and a separate laundry.

The rear alfresco area is a great size with plenty of potential to add value by adding a sail shade or patio. There is also access through to the garage via a rear roller door and guest access through a side gate.

Additional features include split system air conditioning, built in robes, modern fittings and fixtures throughout, stainless steel kitchen appliances, security screen door to the front and next door to a small park area. Only minutes to local shops, schools and amenities, it is the perfect investment, first home or lock up and leave home base.

Built: 2014
Water Rates: $567 p/a
Council Rates: $1552 p/a
Strata Fees: $574 p/a
Internal living: 108m2
Block: 218m2 (Survey-strata)
*Approximate*