This is a great opportunity to secure a fully furnished 1 bedroom villa in Australia's leading health retreat, the golden door resort. This villa presents very well and offers stunning views over the valley. The Numbers look like this. The Gross yearly rental return of $13,887.72 pa with annual increases by way of CPI (every May). One quarter of the gross yearly rental is held back in trust for the Villa Refurbishment Program ($3,471.93 pa) which leaves you with $10,415.79ALL outgoings paid for by the tenant except the strata capital works fund of $404 pq (approx) and council rates of $152 pq (approx) with a final Net return of $8037.62• after these limited outgoings are deducted.Lease start 1st May 2018 with a 6 year option.Property Quick Facts - 1 good sized bedroom - Fully Furnished - Spacious open plan sitting space - Stylish kitchenette - Ducted air conditioning - Large ensuite - Verandah off sitting area For your copy of the contract or to find out what you need to do today to buy this investment opportunity please contact us on 4050 6000 or email us for details.NB: There is a current variation to the lease due to Covid -19 trade restrictions. For the period between 1 September 2020 until 31 October 2020, the Lessee will pay to the Lessor:- Fifty percent (50%) of the Rent due each month; For the period between 1 November 2020 until 31 December 2020, the Lessee will pay to the Lessor:- Seventy five percent (75%) of the Rent due each month; For the period from 1 January 2021 onwards, the Lessee will pay to the Lessor:- One hundred percent (100%) of the Rent due each month; and Lease Agreement Extension (e) The Term of the Lease Agreement will be extended by nine (9) months, meaning that the new end date of the Lease Agreement will be 31 January 2025. •the return is based on the nett yield divided into the sale price and does not factor in legals, stamp duty or funding cost. LJ Hooker Cessnock does not give financial or investment advice any claims are of a general nature only. •• approximate savings are based on the room rates at time of listing.
