LIVE STREAMS
3
3

5 Bourton Road,
Merrimac Queensland 4226

Price: From $219,000

YES! MULTIPLE PROPERTIES FOR THE PRICE OF ONE! NO FUSS INVESTMENTS - EASY MANAGEMENT - WILL GO FAST

TWO VERY RARE MULTI-UNIT PROPERTIES ON OFFER (2 OR 3 PROPERTIES ON ONE TITLE)

BOTH OFFER GREAT RETURNS & PEACE OF MIND INVESTING! BUY ONE OR BOTH!

LOT 5/5 BOURTON RD MERRIMAC - $219,000 + OFFERS - 3 x STUDIO UNITS - ALL CURRENTLY TENANTED

LOT 225/5 BOURTON RD MERRIMAC – OFFER OVER $249,000 - 2 x VILLAS - BOTH CURRENTLY TENANTED

OR BUY BOTH - AND RECEIVE APPROX 7 -7.5% RETURN NET PER ANNUM - $34,600 INCOME AFTER OUTGOINGS



ABOUT THE COMMUNITY
Westminster House pioneered and developed this Queensland’s rental retirement living.
Studio style units, and single level villas of the single accommodations that are fully resourced servicing those looking for assisted living accommodation. Assisted Living at Westminster House offers a peaceful lifestyle with privacy and security, within a friendly communal environment for its residents.

There is a strong focus on making Residents feel supported and appreciated. The building of solid relationships is encouraged, but a high value is placed upon allowing residents the freedom to have their own space and privacy. You can enjoy the protection of security at all levels with the bonus of having full time managers living onsite to help with the residents everyday needs.

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LOT 5/5 BOURTON RD MERRIMAC - $219,000 + OFFERS
3 x STUDIO UNITS - ALL CURRENTLY TENANTED

* Virtual tour link for unit B5 - https://my.matterport.com/show/?m=XqEB7X21F2k
* Virtual tour link for unit B6 - https://my.matterport.com/show/?m=T9yAppRLRzf
* Virtual tour link for unit B7 - https://my.matterport.com/show/?m=yKWvJFKyq22
(You will need to cut and paste the links into your browser to view)

Lower floor, Brick Construction, Built 1993
Each of the units are furnished and equipped with: bedroom and ensuite bathroom, bed, chair, cabinets/side tables, small fridge, microwave, air conditioning unit, ceiling fan

INCOME & EXPENDITURE; Lot 5/5
Income before expenses - $40,560.00 P/A approx
Outgoing - $11,840 P/A approx
Each unit renting for $520 per f/n (before fees / tenant services) increases with the pension rate
Rental management fees 8.25% of rent includes GST

Council Rates: $2000 per year approx. Water $1380 per year approx
Body corp levies: $2990 approx per annum - includes building insurance, public liability insurance, admin/sinking fund levies, common area maintain (fees are tax deductible)
Caretaking levies $2980 per annum approx

Gross Return approx 13% and net 6.5 - 7%

*These approx only and we advise that all buyers do their own due diligence

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LOT 225/5 BOURTON RD MERRIMAC – OFFERS OVER $249,000
2 x VILLAS - BOTH CURRENTLY TENANTED

Virtual tour for villa 230 - https://my.matterport.com/show/?m=WkvG7eMTPPx
Virtual tour for villa 229 - https://my.matterport.com/show/?m=UYbTHHaAPrA
(You will need to cut and paste the links into your browser to view)

Each of the units are furnished and equipped with:
Lowset brick build, with separate lounge, bed and bathrooms – built 2006
One bedroom with single bed, air conditioning, ceiling fans, built in robe and access to washing line and outside undercover terrace/patio
One bathroom - combined laundry with washer and dryer
Neat kitchenette with fridge and microwave
Lounge, and dining table with chairs
Security screens to all windows and doors
Smoke detectors (Level 1 Fire Safety rating)

INCOME & EXPENDITURE: Lot 225
Rental income: $550pw = $28,400 p/a
Outgoings: $8750 per annum approx
Gross return approx 10% and net 7 - 7.5%
Rental management fees 8.25% of rent includes GST
(each villa currently tenanted at $275 per week) increases with the pension rate
Council Rates: $2040 per year approx. Water $1600 per year approx
Body corp levies: $2400 approx per annum - includes building insurance, public liability insurance, admin/sinking fund levies, common area maintain (fees are tax deductible)
Caretaking levies $2700 per annum approx

*These approx only and we advise that all buyers do their own due diligence

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To make for comfortable and care-free retirement living the current residents, Westminster house assists by providing:

3 nutritious home-style meals and snacks
Covered Walkways to dining room and community room
Car parking spaces available for visitors and residents
A Visiting hairdresser & Laundry service
BBQ and in-house social events and entertainment on a regular basis
Pharmacy visits every week and house calls at anytime
Small pets allowed in villas only (small dogs, cats, birds and fish)
Community room for entertainment which has a library of books/ videos for borrowing
(meals and other added services at the residents cost, though are included in the lease terms)

Westminster House is centrally located at peaceful Merrimac, very central to all the Gold Coast has to offer.

Easy access to Pacific Highway to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Within 2 years we will have a train station within 5 mins walk away.

Merrimac Tavern with pokies and TAB is less than 1km away; Mcdonalds, Coffee Shops & Take Away, all an easy walking distance and only around 10 mins drive major shopping centres of Pacific Fair, Robina,

Beautiful Gold Coast’s beaches and hinterland are only 15 minutes’ drive away; Brisbane CBD is less than one hour drive on M1

Disclaimer: In the preparation of this document, we have used our best endeavours to ensure that the information contained herein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify any information contained herein

Property Details

Price
From $219,000
Address
Bourton Road
Suburb
MERRIMAC
Postcode
4226
Property Type
Unit
Land Size
m2
Bedrooms
3
Bathrooms
3
Property ID
20813961
Other Features
Ensuite, Toilets, Outdoor Entertainment Area, Built-in Wardrobes, Air Conditioning,None