LOT 14/5 BOURTON RD MERRIMAC - $229,000 + OFFERS - INCLUDES 3 x STUDIO UNITS - ALL CURRENTLY TENANTED Each of the units are fully equipped for the tenants comfort with, a double sized bedroom and ensuite bathroom, plus bed, chair, cabinets/side tables, small fridge, microwave, air conditioning unit, ceiling fan and window blinds. Lower floor, Brick Construction, Built 1993. Rooms 4-5-6A on one title. INCOME & EXPENDITURE Income (per fortnight each unit x 3 renting at $550) = $42,900 ( rent is fixed and based around % of current pension rate) OUTGOINGS Admin fund $1994 Sinking Fund $956 Water Rates $1752 Council Rates $2100 General Exp for community $1500 ( includes electricity, common area/kitchen area, cleaning, other misc fees/repairs) Management fees $2460 Caretakers Levy $9436 Total Outgoings = $20,198 per annum After outgoings $22,702 (approx. 10% return) *These figures are approximate only and we advise that all buyers do their own due diligence *Please not with the virtual tour you can only see rooms 4 & 5 as one tenant is not well enough to get out of bed for us to complete the photos and tour) Please call Taya if you wish to inspect. To make for comfortable and care-free retirement living the current residents, Westminster house assists by providing: 3 nutritious home-style meals and snacks Car parking spaces available for visitors 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 Community room for entertainment which has a pool table, TV, library of books/ videos for borrowing (meals and other added services at the residents cost) ABOUT THE COMMUNITY (investors only sorry no owner occupiers) 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 onsite to help with the residents everyday needs. 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