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.) unit comes complete with security entry, lounge, meals area, tiled kitchen with electric stove, combined bathroom/laundry, bedroom with large customised mirrored robe, paved courtyard (with direct gate access to Shopping Centre), heating, air-conditioning and “bonus” carport on title.
Nestled 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 $220-$235 per week...but ONLY to a 50+ year old tenant.
A whole host of amenities including the bus-stop, medical centres, reserves, churches and all types of shopping are within mere walking distance...explaining why properties in this tightly-held complex are so highly sought after.
With flexible Settlement terms of up to 120 days, do not hesitate to snap up this unique little gem before it's gone!

Selling Range: $219,000 - $239,000