Two year leaseback at 7% per annum of the sale price. At $950,000 that is $66,500 a year, about $1,278 a week, paid by the builder from settlement.
How the return works
The rent is 7% of whatever you pay, so the dollar figure moves with the price.
At $950,000: $66,500 a year. $5,541 a month. $1,278 a week
At $895,000: $62,650 a year. $5,220 a month. $1,205 a week
Either way the return is 7% per annum.
The lease
- 18 month term, plus four 3 month options to extend, taking it to three years. Options are held by Langdon Building
- Over two years at $950,000 that is $133,000 in rent. Up to $199,500 if the options are taken up
- Renter is the builder
- Rent paid monthly from settlement
Your renter is the builder. We open this home to the public every weekend, so it is maintained to display standard at the builders cost, not yours. No tenant selection. No vacancy. No wear from a family of five. Rent paid by a trading company.
Four bedrooms, two bathrooms, double garage on approximately 516m². Three living zones including a separate front lounge, open plan kitchen, meals and living, a retreat, and the MyRoom indoor outdoor space at the centre of the plan. Walk in pantry. Master at the front with walk in robe and ensuite. Central bathroom, separate WC and laundry. 2400mm ceilings.
Built to display specification.
At the end of the term the home is handed back in display condition, two to three years old, in one of Ballarat's fastest growing residential areas. Let it on the open market, or move in.
Lease pack, floor plan available on request.
Lachlan Sylvia 0458 068 234
Henry Geljon 0418 585 377
*Leaseback offered by Langdon Building Pty Ltd on the terms in the lease pack. Rent is 7% per annum of the sale price, so the dollar return varies with the price paid. Dollar figures shown are gross and worked on $950,000 and $895,000. Options to extend are held by Langdon Building. Obtain your own financial, taxation and legal advice.
Disclaimer: Every precaution has been taken to establish the accuracy of the above information, but it does not constitute any representation by the vendor or agent. Prospective purchasers are advised to make their own enquiries and satisfy themselves in all respects.*
