2 Bed 1 Bathroom Apartment on Sale in Wangaratta | Victoria - Ref 1011665
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Apartment/Flat Description
A Cash flow Positive Property Investment Opportunity
Homestead Life is offering you these remarkable Senior Community units in a development that is living at its best. Purchase duplex one-bedroom units or duplex one bedroom plus utility room units on one title from $233,450. A small number of single unit titles are available from $119,950, including a 12 month 6% rental guarantee.
The units are predominantly rented, including meals and services to aged pensioners and who pay approx 80% of their aged pension and 100% of the Government rental assistance scheme for single bedroom units. For the larger one bedroom plus utility room units, the rent paid is approx 82% of the aged pension and 100% of rental assistance. Rent is paid via Centrelink direct payments from the resident’s pensions or via direct debit from the resident’s financial institution. This senior living affordability strategy is successfully employed Australia wide in similar style senior communities with investors benefiting from strong and consistent returns from their properties while occupiers experience a sought after level of community living.
Regular rental increases are indexed to the aged pension, which historically increases on average, approximately 4% per year. A level greater than average CPI. This opportunity will strengthen your portfolio by assisting with growing your returns, which increase each year with some certainty, and by assisting with finance serviceability.
The development comprises eighty one, (81) strata titled residential and independent living units in two zones, one residential, and the other “village units” the latter type being on offer in this release.
Also included is a significant common building in which meals are supplied to village unit residents, including recreational facilities, and a sundeck. A weekly linen service is also provided, with personal services such as a duress call system, laundry facilities. A professional consulting suite and lifestyle areas are located in the common building.
These are not serviced units.
As the units are strata titled, you can sell at any time using the same methods for selling any residential property. The strata community is enhanced by the existing and refurbished period “Yarrunga Homestead” which is the on-site Caretaker- Manager’s residence. The Manager’s are the direct owner of the homestead and thus a co member of the community body corporate. As an investor, you have the comfort of knowing your community unit is being managed by a fellow owner within the development who’s likely similar aspirations for capital value growth and maintenance of the community property and residences.
Call 1300 662 768 to register your interest NOW.
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Approximate price of this 2-Bed Apartment
AU$233,450 AUD |
€180,829 EUR |
£146,236 GBP |
US$230,882 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment |
| Bathrooms |
1 |
| Bedrooms |
2 |
| Category |
Re-Sale |
| Listed |
over 6 months ago |
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Map of Wangaratta, Victoria, Australia
Towns located close to Wangaratta, Australia
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Price: AU$233,450
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Price of Property in Wangaratta, Australia
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