22/16 South Circular Road, Gladstone Park, Vic 3043

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, large robed bedroom, combined bathroom/laundry, heating, air-conditioning, low maintenance courtyard including shed and bonus carport on title.

Situated in the middle of a 22 unit complex and 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 approximately $200-$220 per week...but ONLY to a 50+ year old tenant.

A whole host of amenities including the bus-stop, reserves, medical centres, churches and the Gladstone Park Shopping Centre 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, you had better be quick to snap up this unique little gem before it's gone!

Selling Range: $200,000 - $219,000