7/9 Lindsay Street

Bundamba QLD 4304

Per Month
Rental per week $247.50 $1072.50
Levy per quarter. $1281.40 $ 427.13
Rates per quarter. $ 143.01
Water Rates per quarter. $ 93.00
Landlord insurance $. 22.00
Nett profit. $ 387.36 per month or $ 4648.32p/a
On a purchase price of $ 69 000 per unit this is a gross return of 18.65%!
this is a nett return of 6.73% which is really excellent
This over 55 independent living gated community is set in established landscaped gardens, making a daily stroll around the grounds something to look forward to. Wheelchair accessible to all sections of the complex. Centrally located to shopping and all amenities, close to Booval Fair Shopping Centre, doctors, pharmacy, restaurants etc with a bus stop directly outside.
This charming one bedroom unit features built in wardrobes, an en-suite bathroom with walk in shower and safety rail/ private internal laundry, open plan reverse cycle air-conditioned lounge room/ kitchen and a private covered patio. There are security screens on the doors and windows. Plentiful parking is available.
Tenants can cook at home, or use the on-site chef and dining room to purchase their meals at an affordable rate ($72.50 per week). Tea and coffee and hot water is available in the club house whenever they want it.
Large indoor dining room is a feature which includes a reading room and library, piano area, television and DVD collection, computer and broadband Internet connection. Community facilities include a covered outside entertainment area. There is an active social club and a community of friendly people. Activities include: Happy hour, barbecues, darts, indoor bowls, morning tea, social activities and bus outings are regularly held for those who wish to partake.
There is a large communal laundry with washers and dryers. Tenants pay a small fee of $15 per week for services including a clean towel, pillow case, and set of bed linen every week. Tenants pay $20 per fortnight for their electricity as units are not metered separately.
The on site managers are excellent in looking after the property and the gardens, and overseeing the kitchens, organising outings and entertainment, and they really care for the occupants under their management. People live here because it is semi supported living.
Most retirement units have some form of ownership where you lose money when you sell. These units are strata titled freehold units so you own it, and can sell it anytime you want to, like any regular town house sale. No entry or exit fees apply.
Investors: Here is an opportunity to purchase a unit, with a positive cash flow from day one! Let your tenants pay the properties off for you. All you need to do is to wait for the capital appreciation and rent increases.
Existing long term tenants want to stay, and you will take over the existing lease unless you wish to move in yourself. There is also usually a waiting list of prospective tenants.
Most tenants are on Centrelink, and their rent is government assisted. Some tenants have arranged for Centrelink to pay their rent direct to the landlord.
There are seldom opportunities to find a vacancy in this community. This is a truly smart safe low risk investment, older people seldom trash units or abscond. As the population ages and this population group expands, it is becoming harder and harder for them to find decent affordable safe accommodation. Whether you want to live in the unit, or rent it out... call now to avoid disappointment!
To book an inspection please use the RED 'Contact Agent' tab (on a desktop) or RED 'Contact Agent' (on an Android, iPhone or iPad) which will go directly to the person managing the property.