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Over $110,000 each
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! There are 2 terrific units available to purchase in this community, all with good tenants paying $580 per fort, creating you an approx. 6.5% return - buy one, or do a deal for multiple and maximise your income/return!
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 accommodation. ( due to the current pensioner scheme/DA/gov accreditation, these units are for rental pensioners only, sorry no owner occupiers)
Assisted Living at Westminster House offers your tenants a peaceful lifestyle with privacy and security, within a friendly communal environment. Virtually no vacancy, with a waiting list to live here, 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/white goods, ready for any tenant to move in 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.
All the units have a good long term tenants already in place, paying $290 per week!
Rental income: $15,080 per year per unit
Council Rates: $2400 per year per unit
Water Rates $1060 per annum approx
Rental management Fees $1250 per year approx
Body corp/caretaker levies: $2865 per annum (per unit) approx
Approx outgoings = $7575.00
Other: Landlords insurance $200 - $300 per year/minor internal maintenance costs
Levies include, building insurance, public liability insurance, admin/sinking fund levies, caretaker fees, common area maintain (Tenants pay for own electricity usage/owner pays for water rates) (figures are approx and buyers should do their own due diligence)
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 10 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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