9/16 South Circular Road, Gladstone Park, Vic 3043

Brilliantly located on the doorstep of the Gladstone Park Shopping Centre, this low-maintenance 7 square (approx.) unit has been immaculately kept and comes complete with security intercom entry, lounge, kitchenette adjoining meals area, large bedroom with mirrored BIR, combined bathroom/laundry, heating, low maintenance paved courtyard with shed and direct gate access to the Shopping Centre.

Nestled in the middle of a long 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 $210-$230 per week...but ONLY to a 50 plus year old tenant.

A whole host of amenities including the bus-stop, reserves, medical centres and all types of shopping are only steps away, 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: $199,000 - $205,000