8/306-310 James Street

Harristown QLD 4350

If you call the Sales Hotline please use this PIN code: 2203Where can you buy a decent unit for only $99,000 which is safe, clean, and in a well-run complex which is a pleasure to live in? I challenge you to look on the Internet and see if you can get better value to live in, or a better return on your investment!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. Centrally located to shopping and all amenities, opposite Clifford Gardens Shopping Centre with a bus stop directly outside. This charming one bedroom unit features built in wardrobes, an en-suite bathroom with walk-in shower/ 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 are available in the clubhouse whenever they want it.Large indoor clubhouse/ dining room is a feature which includes a library 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 commercial laundry with washers and dryers. Tenants can pay a small fee of $15 per week for services and entertainment which includes a clean towel, pillow case, and set of bed linen every week. Tenants pay for their electricity as the units are 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 title freehold, so you own it, and can sell it anytime you want to, like any regular townhouse 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 want 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 safe, smart, 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! Rental per week $250 - $1083.33 Per MonthLevy $ 344.33Rates $ 165.71Water $ 59.00Landlord insurance $ 22.00Nett profit. $ 492.29 or $5907.48 p/a On a purchase price of $99 000 This is a really high gross return of 13.13%This is a nett return of 5.97 % which is really excellent!You are also able to write off the depreciation against your tax if you have a depreciation schedule. EOETo 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.