11/16 South Circular Road, Gladstone Park, Vic 3043

SUCCESSFULLY SOLD BY JASON PADULA!
Brilliantly located on the doorstep of the Gladstone Park Shopping Centre, this low-maintenance 7 square (approx.) villa comes complete with security entry, lounge, kitchenette adjoining meals area, combined bathroom/laundry, heating, air-conditioning, bedroom with large customised mirrored robe, paved courtyard and bonus carport on title.
Situated in the middle of a long 22 unit complex with well-maintained private grounds and an engaging social environment, this property comes with a covenant stating that its “occupier” (but not necessarily its owner) must be 50 years of age or older.
Therefore, investors “of any age” could potentially purchase the property and rent it out for $210-$220 (approx.) per week...but ONLY to a 50+ year old tenant.
A whole host of amenities including the bus-stop, reserves, medical centres, churches and even Gladstone Park's famous “Bingo” are all within walking distance, explaining why properties in this tightly-held complex are so highly sought-after.
Offered with vacant possession and with a flexible Settlement period of any time before Christmas, you had better be quick to snap up this unique little gem before it's gone!

Selling Range: $197,500 - $209,500