Forster.

Positioned within the newly established Summergreen Estate in Forster, walking distance to Forster High School, Cape Hawke & McBrides beach, Forster Keys shopping Village and more. 7 Riviera Street presents an excellent opportunity for investors seeking a modern, low-maintenance property with an established rental income stream. Built in 2023, this contemporary four-bedroom home is set on a generous 500m² block and combines quality new construction with practical family living, making it an attractive addition to an investment portfolio.

Currently leased at $680 per week, the property provides immediate rental income while offering the appeal of a relatively new home with minimal immediate maintenance requirements. Keeping in mind the current lease is up for review in November. The modern floorplan features four spacious bedrooms, two bathrooms, a double lock-up garage, an open-plan kitchen and dining area, plus a separate living room, providing strong appeal to families and long-term tenants.

As a 2023 build, the property may also provide investors with valuable tax depreciation opportunities, subject to individual circumstances and advice from a qualified quantity surveyor and tax professional. The property also benefits from the remaining builder's warranty, providing additional peace of mind around the relatively recent construction and potentially reducing concerns associated with purchasing an older property. A Depreciation schedule is available.

For investors looking for a quality, recently constructed property in Forster with an existing tenant, remaining builder's warranty and the potential advantages associated with depreciation, 7 Riviera Street is well worth considering.

Contact Todd Hinsby on 0409 624 193 or Robert Neate on 0408 703 620 to arrange your private inspection.