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Hi Thea – Please see following property presentation. This is actually 2 properties on 1. Meaning you can sell 1 while holding onto the other. But as you are achieving over 7% yields. I would be holding onto both.
It’s a off market corner block with a 4 bedroom house at the front which is currently tenanted at $350 per week. The front house could do with some minor cosmetic work when the tenants move out as it is a little dated. There is also a 3 bedroom house which is being rented out for $240 per week through NRAS (National Rental Affordability Scheme) but they also refund $11270 annually which means the weekly rent ends up being $456 for the 3 bedroom house + $350 for the front house. Totalling $806 per week rent giving you 7.4% yields. In a market which is currently going through a boom. We have been told everything is approved and I suspect they are telling the truth if its rented through NRAS. Further DD would be able to give us a better idea. To be completely transparent, I have sent this through in a presentation as we have a few clients that will pounce on this but wanted to give you the first opportunity.