17/16 South Circular Road, Gladstone Park, Vic 3043

Positioned in this unique 22 unit complex and only joined on one side 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 55 years of age or older.
Therefore, investors of “any age” can potentially purchase this property and rent it out for $220-$235 per week...but ONLY to a 55+ 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. Brilliantly located on the doorstep of the Gladstone Park Shopping Centre, this low-maintenance 7 square (approx.) sun drenched unit comes complete with security entry, lounge with garden views, kitchenette with adjoining meals area, combined bathroom/laundry, bedroom with large mirrored robe, heater, air conditioning, beautiful gardens and low maintenance courtyard with garden shed. Quick settlement terms of 30 or 60 days available. All offers considered.