A complex with 34 one- and two-bedroom residential apartments within a single certificate of title has been listed for sale in the lakeside suburb of Ashby, north of Perth. 

Located at 28 Fomiatti Street, the apartments are 100% occupied by National Rental Affordability Scheme (NRAS) tenants, with substantial tax benefits and incentives provided under the scheme to the complex owner. 

Situated within the Ashby Rise estate, the development has been well-tenanted since being built in 2020 and is surrounded by popular local amenities including a Farmer Jacks Supermarket, Child Care and Ashby Bar & Bistro.

CBRE’s Ryan McGinnity has been exclusively appointed to manage the sale, with offers invited before September 23. 

“A buyer has the opportunity to acquire all 34 apartments in one line and take advantage of the many tax benefits which are offered through the property,” Mr McGinnity said.

“NRAS is a Government initiative helping tenants into housing, while offering property owners cash rebates and tax incentives to take part in the scheme.”  

Within the City of Wanneroo local government area, Ashby is 26km north of the Perth CBD.

“The 34 apartments at 28 Fomiatti Street are extremely well maintained, have a great social presence and are set amongst significant local amenity. With construction soon to commence on additional retail shops, gymnasium, and restaurants, the residents of Ashby Rise and all surrounding suburbs are further set to benefit” Mr McGinnity added.

“For all the reasons mentioned we anticipate the apartments will continue to lease well as opportunities arise within the complex.”

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