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Description: Where can you get any investment property on the Gold Coast for this price?
If you are looking for an easy, no fuss property with SOLID returns - look no further!
This neat unit comes with a good tenant in place paying $580 per/fort.
About this community:
Westminster House pioneered and developed this Queensland’s rental retirement living. Each of the single accommodations are fully resourced, servicing those looking for affordable assisted living rental accommodation.
*These are for over 55’s supported living for pensioners and due to the current scheme/DA/gov accreditation, these units are for rental pensioners only.
Outgoings & Income: (approx)
Income - $290 p/w ($580 per fort) = $15,080 p/a (due to increase to $300p/w next lease sign)
Management fees (8.25%) - $95 per month per unit $1140 p/a
General fees/monthly expenses - $480 p/a
Body corp fees - $3344 p/a (includes, sinking, admin, caretaker levies, and building insurance)
Council rates $2400 p/a
Water rates - $1200 p/a
= $8,564.00 Total Outgoings
Net return = $6516.00
Other: Landlords insurance $200 - $300 per year/minor internal maintenance costs
***Buyers advised to do their own due diligence
Assisted Living at Westminster House offers your tenants a peaceful lifestyle with privacy and security, within a friendly communal environment. Virtually no vacancy, so you can enjoy the secure returns and protection of your investment with the bonus of having full time managers onsite to help with the residents everyday needs.
The neat single level villa comes fully equipped, with white goods, and features, a kitchenette, open plan lounge area with durable flooring, queen sized bedroom with built-in robe, air conditioning/ceiling fans, large bathroom/combined laundry with washer/dryer, security screen, privacy blinds, and undercover patio at front and open air patio at the back.
Westminster House is centrally located at peaceful Merrimac, very central to all the Gold Coast has to offer. Easy access to Pacific Highway to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Soon, there will be a train station within a few mins walk.
Merrimac Tavern is less than 1km away; McDonalds, Coffee Shops & Take Away, all an easy walking distance and only around 10 mins drive major shopping centres of Pacific Fair, Robina Town Centre. Beautiful Gold Coast’s beaches and hinterland are only 15 minutes’ drive away; Brisbane CBD is less than one hour drive on M1
Disclaimer: In the preparation of this document, we have used our best endeavours to ensure that the information contained herein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify any information contained herein
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