Offering a secure 7% per annum return, this beautifully finished four bedroom brand new display home presents an attractive investment opportunity with Langdon Building as the renter.
The return is calculated at 7% of the purchase price. At $1,030,000, annual rent is $72,100, while at $980,000, annual rent is $68,600. Rent is paid monthly from settlement.
The lease includes an initial 24-month term, plus four three-month options held by Langdon Building, allowing for a total term of up to three years. As an operating display home, the property is open each weekend and maintained to display standard at the builder's cost - meaning no tenant selection, traditional vacancy periods or everyday family wear.
Built to display specification, the home features four bedrooms, two bathrooms, a double garage and three living zones, including a separate front lounge, open-plan kitchen, meals and living area, and retreat. The kitchen includes a walk-in pantry, while the master suite offers a walk-in robe and ensuite. A central bathroom, separate WC, laundry with mudroom and 2400mm ceilings complete the floorplan.
At the end of the lease, the home is handed back in display condition, lease it on the open market or move in and enjoy it yourself.
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.
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