Affordable Retirement Sanctuary in Balcatta - Fully refurbished before Settlement

Discover affordable retirement living at its finest in Balcatta!

Inspection: Fri 04 Apr, 10:00 am

Located at 2/78 Beryl Street, Balcatta, WA, 6021, our Independent Living Unit offers a welcoming haven for retirees seeking comfort, security, and a vibrant community of like-minded people aged over 55.

Our Lease for Life arrangement offers exemptions from Local Council Rates and Stamp Duty, coupled with a low monthly maintenance fee of just $360.

Nestled within a meticulously maintained retirement village, our independent living units provide the perfect setting for a relaxed lifestyle, with all common areas expertly maintained for your convenience.

This thoughtfully designed unit features a cozy living area, perfect for relaxation and entertaining, along with two comfortable bedrooms and a fully equipped kitchen ensuring you have all essentials for independent living. With a semi-ensuite bathroom, convenience and practicality are at the forefront of this home's design.

Additionally, your unit will be refurbished at settlement, ensuring a fresh and welcoming atmosphere as you begin this new chapter.

Stay comfortable year-round with split system air-conditioning and a gas bayonet, while the convenience of a walk-in robe in the main bedroom adds to the appeal. Your car will find shelter in the single garage, and a private courtyard provides ample space for outdoor enjoyment and organization. Also, visitor's parking is conveniently available for guests.

We understand the importance of furry companions in your life, which is why our community is pet-friendly, ensuring every member of your household feels right at home.

It's time to embrace a lifestyle of relaxation with minimal maintenance and reduced living costs. Whether you seek moments of tranquility or an active social life, our community offers the perfect balance for your retirement years.

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.

For a firsthand look at what makes our Independent Living Unit so special, schedule a viewing today. Contact Andrei at 0476 776 747 to arrange your appointment.

Managed by Retirees WA as an independent-living Villa, rest assured that your comfort and satisfaction are our top priorities as you embark on this new phase of life. Welcome home!