66/19 Wayford Street

Elizabeth Vale SA 5112

31 Sold - Outstanding Long Term Investment - NOT TO BE MISSED!
INTRODUCTION
Smallacombe Commercial is pleased to offer these superbly presented 10 year old Community Titled units, securely managed by Eureka Group Holdings, together with full amenities and secure ongoing income (rent guarantee of $220 per week adjusted to CPI annually for minimum of 24 months) or vacant possession for mature aged owner occupier together with attractive vendor finance package if required.
This offering is one of Eurekas many different villages available to the over 55s with Eureka Group Holdings currently managing over 3,000 similar units nationally.
Eureka Group Holdings Pty Ltd are the largest independent accredited service provider to the seniors rental market in Australia together with filling the gap for those of our ageing population who are not able to afford the fees and charges of the deferred management fee applicable to the majority of the Retirement Village Industry.
Nationally our ageing population is progressively getting larger with over 3 million people currently over 65 with the average age in South Australia being 51 years of age.
Given Eurekas substantial depth and expertise in management of senior accommodation units across Australia should provide a level of confidence and comfort to investors alike nationwide.
Represents an outstanding opportunity for long term investors, (self managed superannuation funds) and mature aged owner occupiers to secure superbly presented and expertly managed units in this secure and well positioned group.
EXECUTIVE SUMMARY
Property Address: 19 Wayford Street, Elizabeth Vale
Property Details: 59 Managed Community Titled Units offering secure long term indexed income or vacant possession.
Zoning: Residential City of Salisbury
Option 1: Purchase with minimum of 2 year rent guarantee of $220 per week indexed to CPI - $129,000 payment plus statutory stamp duty and transfer of $4,660. Purchaser pays all statutory outgoings inclusive of Body Corporate fees.
Price: $129,000 plus statutory stamp duty and transfer fee ($4,660).
Special Note: Vendor pays management fees for first 2 years.
Option 2: Purchaser chooses to purchase outright with a view to moving into the property at a later stage (10% deposit 90% balance at settlement). Purchaser enjoys standard periodic tenancy income at $220 - $240 per week no rent guarantee, pays standard statutory outgoings inclusive of Management and Body Corporate fees and normal capital maintenance as per standard tenancy arrangement under SA Tenancy Tribunal (lease terms can be fixed to 12 months or periodic).
Price: $129,000 (plus statutory stamp duty and transfer of $4,660)
Special Note: Lessor/Property owner to move into the property must be over 55 years of age at time of taking up owner occupancy.
Option 3: Owner occupier to purchase outright with vacant possession, move into the property at vacant possession (must be over 55 years of age at time of owner occupancy) and free to negotiate with Eureka Group Holdings in relation to all or part ongoing services (10% deposit balance 90% at settlement).
Price: $129,000 (plus statutory stamp duty and transfer fee of $4,660).
EUREKA GROUP HOLDINGS
Eureka Group Holdings are the largest independent accredited service provider to the seniors rental market in Australia and are pleased to be associated with this investment opportunity which ticks all the boxes for the perfect superfund investment offering minimal risk, low entry costs and predictable outcomes, all in a market underpinned by government funded tenancies and in an overwhelming demand from the largest population explosion in our countrys history Baby Boomers.
There are currently 3 million people over 65 in Australia and as we have an ageing demographic, by 2050 this number is expected to exceed 8 million. This is a growth rate of 127,550 per annum as drawn from the Matusik Market Overview of over 65s commissioned recently.
With reference to full tax depreciation benefits together with tax deductibility for interest and all other investment rebates which are available, purchasers are advised to explore in full through their own independent accounting/financial planning advisors.
Special Note: Purchasers/investors are free to buy and sell at will and are not locked into any particular time frame, with all rights and obligations completely transferrable with an additional special note advising that vendor finance may be available to qualified purchasers/investors.
TYPICAL PROPERTY
Units
- 59 unfurnished one bedroom units (31 sold, 28 currently available).
- Accommodation for either singles or couples.
- All units have private ensuite and non-slip bathroom with grab rails.
- All units have smoke detectors which are regularly checked.
- All units have a kitchenette and capacity for microwave and fridge.
- All units have reverse cycle air-conditioners.
- Security screens are attached to all doors and windows.
- Optional emergency call system.
- All units have private courtyard garden.
- Pet friendly.
Typical Unit - Statutory Outgoings
City of Salisbury
Council Rates $378.30 per annum
SA Water Rates $687.48 per annum
Emergency Services Levy $50.00 per annum
Community Corporation Maintenance Levy $278.45 per quarter
(Includes all insurances including building
& vendors fixtures & improvements)
SUMMARY
Smallacombe Commercial is pleased to present and highly recommend these well presented and highly sought after investment units. Please note over 50% have already been sold.
We believe this offering is an excellent opportunity for those long term investors and self managed superfunds to purchase a set and forget investment as well as providing a perfect opportunity for the over 55 owner occupier wishing to avail themselves of full amenities including all meals and many recreational activities.

Full details are available by contacting Nathan Fox either via email - nathan@smallacombe.com.au or phone 0412 818 208 for an overall package to be sent to you.