Prime Location in East Bunbury
This unit is currently under offer. However, if you are interested in similar units within our Retirement Villages, please feel free to contact us. We would be happy to add you to our contact list for upcoming opportunities.
Located at 4 / 14-18 Skewes Street, East Bunbury WA 6230, this independent living villa is perfectly positioned in one of Bunbury’s most convenient and vibrant suburbs. East Bunbury is renowned for its excellent amenities, including the Bunbury Forum Shopping Centre just a short drive away, offering a wide range of retail, dining, and entertainment options.
Experience the perfect retirement lifestyle at Villa 4, located in the peaceful and well-maintained retirement village managed by Retirees WA, a not-for-profit organization dedicated to empowering seniors in Western Australia. This exclusive Lease for Life opportunity is designed for individuals aged 55+ who are not employed full-time, offering a secure, low-maintenance, and community-focused living environment with reduced living costs.
Rare Opportunity in a Highly Sought-After Village
Villas in this meticulously managed village rarely come on the market, making this your chance to secure a home in one of East Bunbury’s most desirable retirement communities. Don’t miss out on this unique opportunity to embrace a relaxed and fulfilling lifestyle.
This spacious 2-bedroom, 1-bathroom villa is designed for comfort and convenience, featuring:
A cosy living area perfect for relaxation or entertaining.
A fully equipped kitchen with modern appliances.
Two generously sized bedrooms, the master with walk in robe, second bedroom with built-in robe.
A large bathroom designed for practicality and ease of use.
A private courtyard and storage shed, ideal for outdoor enjoyment and organization.
Undercover parking
Lease for Life Benefits
Exempt from Local Council Rates and Stamp Duty, saving you thousands.
A low monthly maintenance fee of just $430, covering the building Insurance and all common area upkeep.
The unit will be refurbished at settlement, ensuring a fresh and welcoming start.
Modern comforts including a Reverse Cycle system AC and gas bayonet.
A duress alarm for added security and peace of mind
How the “Lease for Life” Works
Choosing a “Lease for Life” with Retirees WA means purchasing the lease at market value, granting you the exclusive right to occupy the unit and use all common facilities (if applicable). The lease ends when the last occupying resident vacates the unit. Unlike traditional home ownership, the land title does not transfer to you.
Financial Details and Costs
During occupancy, residents are responsible for the following costs:
Monthly Maintenance Fee: This covers common village expenses such as administration, pest control, building insurance, utilities for common areas, gardening, rubbish removal, and maintenance. The fee is reviewed annually.
Utility Charges: Residents pay for their unit’s water, electricity, gas, telephone, and other service charges.
Insurance: Retirees WA insures the unit and the original fixtures but you must insure your personal belongings.
Maintenance and Responsibilities
As a resident, you are responsible for maintaining and repairing your unit only from the back fence to the outside of the front door. Retirees WA ensures that common areas are well-kept, covering these costs through the village maintenance account. This means you can enjoy a low-maintenance lifestyle, focusing on what matters most to you.
Understanding the Outgoing Refund
When the lease ends, the outgoing refund is calculated by deducting certain fees from the new resident’s ingoing payment:
Deferred Management Fee (DMF): 2.5% of the subsequent resident’s ingoing payment per year, capped at 25%.
Major Refit Contribution (Sinking Fund): 1% of the subsequent resident’s ingoing payment per year, capped at 10%.
Additional Costs: Including outstanding maintenance fees, water usage, selling fees, settlement fees, and refurbishment costs.
The outgoing resident or their estate receives the payment within 7 business days after the subsequent resident pays for the lease.
Why Choose Retirees WA?
Choosing Retirees WA’s “Lease for Life” offers numerous advantages:
Security and Stability: Long-term leasing provides peace of mind.
Community Living: Enjoy the companionship of like-minded seniors in a supportive environment.
Reduced Living Costs: Exemption from Stamp Duty and Local Council Rates ensures affordable living. Low monthly maintenance fees further enhance financial relief.
Low-Maintenance Lifestyle: Focus on enjoying your retirement while we take care of common area maintenance.
For more details about our “Lease for Life” contracts, the Retirement Villages, or any other inquiries, please contact Andrei.
