Australian Apartment On Sale by Property Showrooms - Ref 578024
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Apartment/Flat Description
We now currently only have 5 units left priced under $600,000!
NEW INVESTMENT OFFER UNTIL 31/08/2010
6% gross corporate leaseback for 5 years based on full purchase price
? reduced management fee of 8% for 3 years
? 2 weeks free accommodation for 3 years
? free furniture package to the value of $35,000 for 2 bed unit or $42,000 for 3 bed unit
purchase price value guaranteed for a maximum period of 12 months commencing the end of the corporate leaseback expiration, with limited exposure to a maximum figure of 10% of the original purchase price (subject to valuation supplied by Meridien at that time once notified by the client of their intention to sell in year 6)
The way the Capital Guarantee will work will be as per the following examples.
EXAMPLE 1
Year 1, Day 1 - Client buys unit in OBP at $500K under Capital Guarantee offer with 5 yr Corporate Leaseback in place at 6% gross
Year 6, Day 1 - Client instructs Meridien of their intention to sell the unit within next 12 mths.
Meridien instructs a market valuation on unit from well known reputable firm on bank's valuation panel.
Worse case scenario, the valuation comes in at $480K.
Client sells unit for $480K within the first 12 mths from Year 6, Day 1.
At settlement, Meridien pays to client $20K difference between selling price & original purchase price (limited to 10% exposure of original selling price).
Client loss on sale = $Nil
EXAMPLE 2
Year 1, Day 1 - Client buys unit in OBP at $500K under Capital Guarantee offer with 5 yr Corporate Leaseback in place at 6% gross
Year 6, Day 1 - Client instructs Meridien of their intention to sell the unit within next 12 mths.
Meridien instructs a market valuation on unit. Worse case scenario, the valuation comes in at $450K.
Client sells unit for $450K within the first 12 mths from Year 6, Day 1.
At settlement, Meridien pays to client $50K difference between selling price & original purchase price (limited to 10% exposure of original selling price)..Client loss on sale = $Nil
The conditions that apply under this Capital Guarantee are as follows:-
? maximum exposure is limited to 10% of original selling price
? capital guarantee offer only applies for the first 12 months from the expiration of the 5 year corporate leaseback period, so if a clients sells during the first 5 years from original settlement, then the capital guarantee does not apply
? property cannot be mortgagee in possession at time of sale
? property cannot be a distressed sale at time of sale
? if client sells below valuation figure obtained in year 6, then Meridien will not be liable for this amount
Call 1300 662 768 to register your interest NOW
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AU$1,600,000 |
€1,292,303 | £1,080,753 | US$1,704,418 (Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment |
| Bathrooms |
2 |
| Bedrooms |
2 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Magnetic Island, Queensland, Australia
Towns located close to Magnetic Island, Australia
| • No other towns listed as being close to this town |
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Price: AU$1,600,000
Latest Property News in Australia
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Price of Property in Magnetic Island, Australia
| (All prices in EUR) |
Magnetic Island |
Magnetic Island |
Magnetic Island |
| Apartment/Flat |
790,000 |
164,000 |
790,000 |
850,000 |
297,000 |
396,822 |
* Calculations based on 1 properties for sale in Magnetic Island and 18 properties for sale in Australia |
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