2 Bedroom Unit for Sale in WILLOW VALE 31/400 Ruffles Road

31/400 Ruffles Road WILLOW VALE

The Peace & Tranquility YOU Have Been Looking For!

Enjoy the peace, serenity and picturesque outlook with this freshly refurbished 2 bedroom chalet situated in the Willow Vale Mountain Resort.

From the moment you drive in the secure gated entrance you will feel the stresses of the work day melt away. Located in one of the best spots in the resort, tucked right in the back corner you will have ample privacy with only the local wildlife coming to visit eg kookaburras, cockatoos, bush turkeys...a chicken or two! Plus for the horse lovers, the "neighbours" come to the fence line to visit.

There are NO council water rates at this property as there is a Bore system that is treated and piped installed at the complex.

This beautifully refreshed property features:
• Freshly painted throughout
• Brand new carpet
• Brand new blinds & curtains
• 2 spacious bedrooms with built-in robes, ceiling fans & air-conditioning
• Spacious open plan living & dinging area
• Bathroom with corner bath & toilet + extra toilet for guests
• Fully functional kitchen with built-in laundry
• Large covered outdoor balcony with tranquil views + entry balcony/porch
• Tank water & treated bore system (NO water bills)
• Carport for one car + additional tandem car space. The carport area is not on title however has been used by Chalet 31 since the complex first opened.
• Facilities of the resort include swimming pool, sauna, tennis court & walking trails
• Land Size 273m2 (does not include carport area) (see photo)
• Building size (based on roofline which includes balcony etc) is approx. 124m2 (see photo)

Located close enough to supermarkets, takeaway, tavern, public and private schools, service stations and local community centre, plus the new Westfield Coomera and the M1 motorway. You will feel away from it all still with all the amenities you require.

Here is a chance for you to secure a very rare property as an owner occupier or investor with a secure income source. The property can either be leased out or you can live in this yourself making this a very affordable home.

IMPORTANT INFORMATION...

Live in there yourself:
Should you wish to live in there yourself, the only expenses are body corporate fees, council rates and building insurance.

Rent it out:
Should you wish to rent this property out as as investment, below are the approximate figures for you:

Yearly rental income = $18,200.00 (based on current $350 per week tenancy)

LESS yearly expenses:

Body corporate fees = $2904.93* (Admin Fund $2,062.50 + Sinking Fund
$842.43) (approx per year)
Council rates = $1,345.30 (no council water charges payable due to spear water)
Building Insurance = $491.69* (approx with NRMA)

NETT INCOME approx = $13,458.16
*(Please note that these are approximate figures only)

Borrowing funds?
• Current known lenders include: Suncorp, ANZ and Bank of Queensland.
• Due to smaller property size, some banks will lend 60% - 80% of the sale price. Cash or equity in other property will be required for the balance.

Common FAQ:

1). What are the vacancy rates?
Vacancy rates are based on how you wish to rent out the property. As with all the other properties, houses, units, apartments we manage on the Gold Coast and Brisbane we recommend you obtain long term tenants with 6 month leases minimum and 12 months preferable and give tenants to option to continue renewing their leases to avoid any vacancy period.

2). Who is managing the properties?
As we have many years experience there and a well established property management division our agency we manage the properties.

3). Are there any restrictions or permission needed if I want these in the future?
No restrictions, this is just like any other normal property, you can rent, sell them whenever and to whomever you want.

4). Are these strata titled, do I own any of the land?
Yes, just they are just like owning any other property, townhouse or duplex. You own the land size written in the description.

5) How many Chalets are there?
There are 30 Chalets in the retreat with the 20 log style 1 bedrooms on the left side of the retreat and the 10 highest 2 bedroom homes on the right boundary of the retreat.

6) How old are they?
Originally built in 1992 and 1993.

7) Is the sale freehold or leasehold?
The sale is strata title freehold meaning you own the title to the property just like any other normal property.

8) Would you experience capital growth?
Like most property investments it is subject to the forces of the property market including, supply & demand, interest rates, consumer confidence, etc. Historically these chalets keep rising in value immensely each time once becomes available which is very rare.

9) What common area land title does the Body Corporate fee maintain?
Approx 81 hectares of common area.

10) What is Common Land and Strata Title?
Strata title allows individual ownership of part of a property (called a lot' and generally an apartment or townhouse), combined with shared ownership in the remainder (called 'Common Property' e.g. foyers, driveways, gardens) through a legal entity called the owners corporation — or body corporate, strata company.

11) Can they sell common land?
Nothing can be done on common land with body corporate or committee approval from all owners.

12) Do the chalets run on Town Water?
No, they are run on Bore water, which is groundwater that has been accessed by drilling a bore into underground water storages called aquifers. The water is treated and piped at the complex.

13) Is the complex on Septic or Town sewerage?
The complex has been installed with an Enviro Waste System.

14) Can the chalets be renovated inside?
Yes, you can renovate inside any way you like.

15) Can the outside of the chalets be renovated?
No they must all maintain the same look. Should you wish to repair/do maintenance that is fine. Any changes would need body corporate approval.

16) Are pets allowed in the chalets?
Pets are not allowed in the chalets without approval from the body corporate. You will need to contact the body corporate and supply the necessary application form. Please note, there is NO yard and no fencing on this property.

17) What is internet, landline and phone reception like?
There is no land line to the property. If you wish to research and contact telco companies for any updates please do so. In regards to mobile reception we have noticed that Telstra has the best coverage, there is limited reception for other carriers in the area. For internet access, it would be best to get a wireless SIM internet router with Telstra.



*Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but 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 the information contained herein.*

The Edgar Natolo Team