If one thing's for sure, it's that aged care and retirement is a booming industry that shows no signs of slowing. Consider this small but profitable investment property for your portfolio and you'll be assured of long-term secure and hassle-free returns.
Just 3 years young, this one bedroom villa in Bougainvillea Lodge Retirement Village is practically new (and prime for depreciation). The villa comes fully furnished including fridge, microwave, washer, dryer, lounge and bedroom suite. Carpets and paint work are neutral and in superb condition. As all meals are provided for residents in the common dining room, the villas do not require ovens and stoves. Residents rooms are airconditioned and they have access to pay TV.
The complex is in a quiet garden setting in central Merrimac and offers a haven for single retirees and over 50's. This particular villa has a lovely long-term tenant who is very keen to stay on.
Friendly onsite management ensure the complex is expertly run and well maintained.
Your income is indexed against inflation (set at 83% of the single pension + 100% of the government's rent assistance rate). Therefore, when the pension and rent assistance rates go up, so does your return.
Payments are made directly from Centrelink (on resident's behalf) to management who then ensure timely transfers to owners. No longer the need to negotiate retal increases or chase rental arrears.
The owner pays for all outgoings including meals in this arrangement, but after all things considered you are still attracting a handsome return that is generally unmatched by residential investment properties.
FINANCIAL SUMMARY (all approx)
INCOME $17200 pa
OUTGOINGS
Rates $1220 pa (+ allow for water)
Catering $4800 pa
Electricity and Sundries $720
Body Corp $1738
We welcome your inspection by appointment.