Coming up on Friday! Retirement Villa in Duncraig - Fully Refurbished prior to settlement

Home Open - 02:00pm on Friday - March 14, 2025 

Embark on a new chapter of your life with this exceptional 2-bedroom, 1-bathroom independent living unit, complete with a convenient carport, located at 17/7 Chessell Drive, Duncraig, WA. Nestled within a serene Over 55 Retirement Village (24 Units in total), this lease-for-life opportunity promises an unparalleled lifestyle.

Enjoy the financial freedom you've earned. With our lease-for-life model, you can bid farewell to concerns about property maintenance costs and unpredictable bills. Your monthly fees are transparent, making budgeting a breeze.

The village is proudly owned by Retirees WA, a nonprofit organization dedicated to seniors' well-being. This independent living unit promises a worry-free retirement lifestyle:

• Exempt from Local Council Rates and Stamp Duty

• Low monthly maintenance fee of $315.00

• All common areas maintained 

• Fully refurbished before Settlement

• Two good sized bedrooms with Built-in-Robes

• Split system Air Conditioning and gas bayonet

• Private courtyard and storage shed

• Pet-friendly complex

• Easy care and affordable retirement option

• Easy access and perfect location

• Feel safe anytime!

How the “Lease for Life” Works
Choosing a “Lease for Life” with Retirees WA means purchasing the lease at market value, granting you the exclusive right to occupy the unit and use all common facilities . The lease ends when the last occupying resident vacates the unit. Unlike traditional home ownership, the land title does not transfer to you. The residents have to be over 55yo and cannot work full-time.

Financial Details and Costs
During occupancy, residents are responsible for the following costs:

Monthly Maintenance Fee: This covers common village expenses such as administration, pest control, building insurance, utilities for common areas, gardening, rubbish removal, and maintenance. The fee is reviewed annually.
Utility Charges: Residents pay for their unit’s water, electricity, gas, telephone, and other service charges.
Maintenance and Responsibilities
As a resident, you are responsible for maintaining and repairing your unit only from the back fence to the outside of the front door. Retirees WA ensures that common areas are well-kept, covering these costs through the village maintenance account. This means you can enjoy a low-maintenance lifestyle, focusing on what matters most to you.

Insurance and Pets
Retirees WA insures the unit and the original fixtures but you must insure your personal belongings. Pets are allowed at the discretion of Retirees WA, and a “Request to Keep a Pet” form must be completed.

Understanding the Outgoing Refund
When the lease ends, the outgoing refund is calculated by deducting certain fees from the new resident’s ingoing payment:

Deferred Management Fee (DMF): 2.5% of the subsequent resident’s ingoing payment per year, capped at 25%.
Major Refit Contribution (Sinking Fund): 1% of the subsequent resident’s ingoing payment per year, capped at 10%.
Additional Costs: Including outstanding maintenance fees, water usage, selling fees, settlement fees, and refurbishment costs.
The outgoing resident or their estate receives the payment within 7 business days after the subsequent resident pays for the lease.

Why Choose Retirees WA?
Choosing Retirees WA’s “Lease for Life” offers numerous advantages:

Security and Stability: Long-term leasing provides peace of mind.
Community Living: Enjoy the companionship of like-minded seniors in a supportive environment.
Reduced Living Costs: Exemption from Stamp Duty and Local Council Rates ensures affordable living. Low monthly maintenance fees further enhance financial relief.
Low-Maintenance Lifestyle: Focus on enjoying your retirement while we take care of common area maintenance.

Experience retirement living at its finest at Joseph Banks Retirement Village—where security and tranquility await. Schedule a tour today to discover the exceptional lifestyle that awaits!

Join a vibrant community of kindred spirits, forge lasting friendships, and enjoy a sense of belonging in a stress-free environment, where all common areas are impeccably maintained.  Don't miss the chance to make the most of your golden years – schedule a viewing today and step into this splendid retirement village, situated North of the River. Your lease for life begins here!

Contact Andrei at 0476 776 747 to arrange a viewing.