Sold

NRAS INVESTMENT It PAYS you!! - or Fantastic...

4 Bedrooms, 2 Bathrooms, Double Garage and a Theatre room all finished in quality fittings - Total Class!
This beautiful home has been lived in for less than 3 years and will make the ideal Investment (see below) or for you to move straight into with nothing to be done!!

Master bedroom with coffered ceiling, Air-Con, Walk-in-Robe and quality ensuite (Wall-to-Wall shower, Stone benches, porcelain basins and 4 cupboards!)
Robes in all bedrooms
Theatre room
Main Bathroom with Separate Bath/Shower/wc with pivot showers, porcelain basins, feature tiles, stone benches and plenty of cupboards
Open Plan Family/Dining/Kitchen with downlights and fully tiled
Great Kitchen - Double sink, fan forced oven, gas hotplates (5 burner), overheard cupboards, pantry and Dish Washer Recess
Separate Laundry with Linen cupboard, storage cupboards, and inset Laundry basin with Stone Benches
Paved and Covered Alfresco for entertaining
Fully Reticulated low maintenance gardens and lawn
Alarm
Front Motion sensor
2 Reverse Cycle air conditioners (Living and Master Bedroom)
3 Antenna and 2 Phone points
Double automatic Garage
This quality house is just waiting for you to move in and call home or with NRAS makes an ideal investment

This property is an NRAS approved property, so an astute investor can pick up this great investment property even though the scheme was retired at the last government budget. If you don't know about the scheme, it was launched to provide cost effective rental properties (20% discount which you claim as a loss on your tax!) in return for a TAX FREE ANNUAL PAYMENT currently at $10,661 p/a indexed annually for a total original term of 10 years (7 full years remaining)

Currently tenanted by the original tenant and returning $384/week = $480 without NRAS (lease expires 4/4/2015 with a tenant that would love to sign a new lease), and with the tax free government payment to the investor is applied to the investment cash flow, the investment is cash flow positive.

If you are an experienced or first time investor, buy this investment before someone else does! NRAS approved investment property rarely changes hands and is now a retired scheme.
4 2 2 383 m2
Address 9 Merlot Way, Pearsall
Price SOLD for $480,000
Property Type Residential
Property ID 1059
Category House
Land Area 383 m2
Floor Area 152 m2

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Stan Horsman

0418 949 875
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What our clients say

I would just like to extend my sincerest thanks to one of your lovely Property Managers, Jo Johnston. Jo has been an absolute pleasure to meet and always attended to any matter I had that may have arisen...

Amanda (Tenant)

Hi Jon,  I had my final inspection for <address> this morning and I just want to say a massive THANK YOU to yourself, Garry, Mark and all on the Urban Building team. Myself and my...

Debbie (Owner)

We have had many property managers over our time and it has been refreshing to have a constant and friendly person in this position. We want to thank you personally for your help with our property...

Renae & Dean (Owners)

To The team at Urban Real Estate On behalf of Nicole and Myself we wanted to say a big thank you for all your hard work and professionalism regarding the purchase and build of our property at 3 Piara...

Anton (Owner)

To The team at Urban Real Estate On behalf of Nicole and Myself we wanted to say a big thank you for all your hard work and professionalism regarding the purchase and build of our property at 3...

Anton (Owner)

To The team at Urban Real Estate On behalf of Nicole and Myself we wanted to say a big thank you for all your hard work and professionalism regarding the purchase and build of our property at 3...

Anton (Owner)