7/40 York Terrace

Salisbury SA 5108

Rental return paid to investor $270pw.
Benefit from CPI Rent Reviews on each anniversary of the settlement date and Market Rent Reviews in the fourth and seventh year.
A SHORT DRIVE TO PARABANKS and ELIZABETH SHOPPING CENTRES
This two bedroom home is located in Salisbury, less than 3kms from Gawler Street Centre. The property is within close proximity to shops, schools and public transport.
Features include:
Eco-friendly, super-secure and quality built home in a quiet gated community
Spacious living area that opens out to a lawned rear yard
Kitchen with ample bench space and stainless steel appliances including gas cooktop
Floating floors and quality carpets
Ensuite style two way bathroom featuring separate powder area and separate toilet and walk-in robe situated off the master bedroom
Roomy second bedroom
Split system air conditioning
Vertical blinds and security screens fitted to all windows
Reticulation connectable to rain water tank
Auto garage with internal access, laundry and added storage space
Ample storage options
Alarm system and intercom entry from the automated gates at entry
Solar panels with gas booster for the HWS and additional solar monitor
How does this work?
When you buy a Community Housing Ltd (CHL) property, you also enter in a lease agreement with them. This means you have no tenanting obligations, your rental income is guaranteed until 2020 (even when vacant), and your investment is managed and maintained by property experts throughout the lease. CHL is highly experienced in the delivery of affordable housing. It has 18 years of leading edge experience working in partnership with national and state governments, local government authorities, social support agencies, and local community groups to address local housing affordability problems. CHL creates stronger communities by keeping local residents in their local area. In Australia, CHL provides end-to-end affordable housing development and a long-term housing and tenancy management operation. This includes engagement with communities where there is housing need, project conception, securing finance, land acquisition, project design and construction supervision, and long term rental management of housing for low income people. Community Housing Limited (CHL) is a national and international not-for-profit company delivering affordable housing. CHL is a registered charity and company limited by guarantee. It operates like any other limited company, but all financial surpluses remain in the company to be reinvested in quality affordable housing for people in need.
What a way to make the most of an incredible opportunity whilst helping people who need a little help in getting their lives on track... a ''feel good investment opportunity'' one might call it.
Phone Lucy to discuss this unique opportunity in more detail.
Rental yield figures provided by Community Housing Ltd.
Toop&Toop have not provided Property Management advice in relation to the rental yield potential of these properties to the seller in relation to Market Rent. The seller, being a Property Management Specialist has determined the rental yield and will, with guidance from Industry Professionals during the term of the lease continue to do so.
RLA 2048
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