Are you looking for a secure investment? Bougainvillea Lodge is one you will want to consider. ( sorry no owner occupiers ) Centrally located at peaceful Merrimac, easy access to all the Gold Coast has to offer. One min to Pacific Highway, and 15 mins to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Within 15 - 18 months we will have a train station within 5 mins walk away. This centrally located over 50's' pensioner living the heart of the Gold Coast are all set up for investors to walk in and earn right away! There is already long term residents in place, and they are fully equipped and well catered for in a peaceful and social living environment within walking distance to shops, transport and other amenities. If you are looking for a investment you can just 'set and forget' with high demand from tenants, you have found it. There is currently no vacancy in this community, with others expressing interest to move in if one should become available in the future, giving you great long term security on your investment. These units feature a neat lounge room, a central bathroom/laundry, and bedroom with built in robe and a sliding door to outdoor area. Open plan design with kitchenette, electric/white goods/some furniture/home wares provided for tenants comfort. VIRTUAL TOUR LINKS - you may need to cut and paste into your browser Unit 305 - https://my.matterport.com/show/?m=WsnXhXTqtFf Unit 301 - https://my.matterport.com/show/?m=EXwax3nP4e3 PROPERTY DETAILS: 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 open air 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) Both units have had water heater replaced recently (unit 301 has been refreshed with new carpet and paint since these photos) INCOME & EXPENDITURE: Lot 331 - includes unit numbers 301 & 305 Rental income: $29,068 p/a Minus rental management fees 8.25% of pw/rent includes GST (each villa currently tenanted at $279.50 per week) Council Rates: $2040 per year approx. Water $1600 per year approx Body corp/caretakers levies: $7025 approx per annum - includes building insurance, public liability insurance, admin/sinking fund levies, common area maintain (fees are tax deductible) *These figures are approx only and we advise that all buyers do their own due diligence 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 You can enjoy the protection of security at all levels with the bonus of having full time managers living onsite to help with the tenants needs. To make for comfortable and care-free retirement living, there is in-house services for the tenants. The centre provides nutritious home-style meals and snacks and there is a community room for entertainment which has a library of books and videos for borrowing. Dont miss out on this great opportunity! For more information please call Taya today, 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