Looking for a safe investment? This established Over 50's units make great returns and has many benefits over standard residential property investment.
Approx Outgoings:
$11700 Rent
$4000 Body corp levies
$2952 Council rates and water
Approx $3578 or 4.5% net
Current tenant is on periodic lease and most units are rented for $13000 - $13500 per year.
The vast majority of these units are rented to age pensioners meaning the government assists them to pay rent. Tenants often stay 5-10 years so you aren't paying relet fee's to the agent reducing your income. Extremely low vacancy rates. These complexes often have a waiting list and as the population ages they will only become more popular
Freehold property - standard strata titled, no entry or exit fees. No refurbishment costs. No lock in contracts.
Air conditioned one bedroom unit with private enclosed courtyard. Large bathroom with own laundry area. Great location in the village overlooking a large communal grassed area.
The complex has no adjoining neighbors, bus stop at the door and parkland on two sides. 2 minute drive to Woolworths and Ample Parking on site.
The residents enjoy a social atmosphere in the village. The clubhouse also hosts special & weekly events for the enjoyment of the residents. Such as morning teas, indoor bowls, library, computer time and movies.
Photos are of unit offered.
