With an ageing population and the baby boomers about to retire, this is a lucrative investment opportunity offering unbeatable position, price and yield! Ideally located close to Hollywood Plaza Shopping Centre and public transport, fully serviced and currently rented out, you can set and forget this one, while counting the amazing cash flow.
This partly furnished, beautiful 1 bedroom unit has new carpets, a reverse cycle air conditioner and comprises of spacious lounge, gallery style kitchenette, laundry, master bedroom with ensuite and BIR that has sliding doors leading to a lovely private courtyard.
Perfectly designed to cater for easy retirement living, the low maintenance unit is surrounded by stunning landscaped gardens and covered walkways leading to fantastic onsite facilities such as library, resident's lounge, community centre and function hall. An on-site manager and friendly staff are always on hand and residents also have the option of 3 catered daily meals.
Set in a secure lifestyle complex of 50 units professionally managed with the best long term tenants this is a great little money maker for your portfolio. Both affordable with high yield and demand this is an unbeatable combination to take care of your future or look after your parents well with this! Also, if you are looking for great retirement living for yourself, then you can instantly benefit from the fantastic lifestyle on offer!
Phone Mike Lao or Andrew Farnworth now to inspect!
Over 9.5% gross yield!
- Fixed lease til 9/9/2014 of $205 per week or $10,660 per year
- Council rates $810.65 pa*
- Water $68.25 per quarter*
- Sewer $81.25 per quarter*
- Emergency Services Levy $179.80*
- Strata Fees $272.10 per quarter*
- Sinking Fund $78.35 per quarter*
- Caretakers Fees $187.50 per quarter*
- River Murray Catchment Scheme $42 pa*
*Figures are only approximations and will be confirmed at point of contract
