Overview

This self-contained unit offers a versatile investment opportunity within a well-maintained assisted living complex. Designed for comfort and independence, the residence features three spacious bedrooms and two bathrooms, complemented by a functional open-plan layout that seamlessly integrates the lounge, dining, and kitchen areas. The generous size of these spaces allows for a comfortable living experience, with the lounge and dining areas flowing effortlessly onto a large balcony, providing an ideal setting for relaxation and enjoyment.

The unit boasts its own private entrance, enhancing privacy and ease of access for occupants. This feature is particularly beneficial for investors, as the space can be rented as a whole or leased by individual rooms to maximize rental returns. Positioned within a supported independent living environment, the property is classified as a Class 3 building. The Material Change of Use approval, dated August 30, 2022, permits multiple residential uses for supported independent living accommodation, accommodating up to 14 tenants, with documentation available through the local council.

With an asking price of $650,000, this property presents a solid addition to any investment portfolio. It combines steady income potential with compliant use approval and adaptable living arrangements in a specialized housing setting. The annual income generated from this property is approximately $38,480, with outgoings including rates of $2,422.60 per annum, water charges of $1,680.96 per annum, and body corporate fees of $4,800.00 per annum, resulting in a net income of $29,576.44.

This unit not only provides a comfortable living space but also represents a strategic investment opportunity in a growing market. The combination of its location, design, and potential for income generation makes it an attractive option for both investors and those seeking a quality living environment.

Disclaimer: All reasonable steps have been taken to ensure that the information contained in this advertisement is accurate and correct. However, no responsibility is accepted for any errors, omissions, inaccuracies, or misstatements contained herein. All distances, measurements, and timeframes mentioned are approximate only. Prospective purchasers are encouraged to conduct their own inquiries to verify the information provided.

Location