Calling all developers and investors this block is only $55,000.00 and offers an excellent opportunity to provide new modern low cost housing and will qualify for the National Rental Affordability scheme. What is this Scheme? The Federal Government has a policy in place with the aim of providing affordable housing Australia wide. All new homes that have never been lived in or are under construction can qualify and the leases can be for terms of up to 10 years starting at market rent and increasing by 4 % annually.
The master lease is with a government selected company who in turn lease the properties at a 20% government assisted discount, from the market rent being paid to you.
This is a fantastic opportunity for long term investors, super funds etc.
Contact Adam Luck for an inspection on 0417 425 637