1 Bedroom Villa for Sale in WILLOW VALE

12/400 Ruffles Road WILLOW VALE

FANTASTIC INVESTMENT OPPORTUNITY

This is a 2 level chalet with a combined living and kitchen on the ground level and a bedroom and bathroom on the upper level and is located in the successful Golden Door Health Retreat in Willow Vale and offers investors a very rare positive geared property with secure income source.

The Golden Door is your tenant by way of a registered lease which means it is permanently tenanted (you cannot live there yourself).

Monthly income received = $1,437.18

Less Monthly Expenses:
Body corporate fees = $310.83
Council rates = $136.00
Management fee = $108.68
Building Insurance = $41.17 (approx)
NETT INCOME approx = $840.50 less
Loan Repayments = $688.02 (approx) if borrowing 60% ($63,000) at interest rate of 6.85%
Leaves a Positive Cash flow = $152.48 (approx) plus an investment that is being fully paid in the long term.

- Payments are transferred monthly by the resort.
- As this is a resort investment, banks will loan 60% of its value, you will therefore need the balance of 40% in cash or equity in another property.
- The current lease expires on 28/02/2014 with 2 x 7 year options from the Golden Door.
- The immediate owner (husband & wife) can stay up to 4 weeks a year. Min stay is 1 week & 1 day. This is worked out as (7 days = 1 week, 8 days = 2 weeks, etc) In the company name the owner or main shareholder director of the company is the user of the right.

*Please contact our office or agent to obtain a copy of the Sustainability Declaration*

Edgar