Sold

129/5 Dean Street CLAREMONT

Sold for $850,000
Sold on 8th March 2023
Residential - Sold

Elegant Independent Living.

2
 
Beds
2
 
Baths
1
 
Cars

Brochure

OPEN BY APPOINTMENT

In the exclusive St Louis Estate, with coveted Dean Street entrance - walk in through a secure foyer and step inside this very sophisticated, ground floor residence.

Superbly proportioned open plan kitchen, meals and family flows through a private patio and garden terrace, perfect for relaxing and entertaining.

Generous bedrooms - master bedroom with ensuite and built in robes.

As part of the estate, you have full access to all the facilities; swimming pool, gymnasium, cafe, dining room, diverse program of activities and the magnificent grounds.

Fees and costs

Apartments and villas at St Louis

The upfront price for 2 bedroom units ranges from $650,000 to $1,000,000 depending on the size, level of renovation, aspect etc.

The units are owned under a "lease-for-life" structure which gives you the benefits of ownership, however, no stamp duty is payable (saving around 4.5% on the cost of the unit).

The retirement village exit fees (which only are paid when you leave) are:
• A "facilities fee" of 4% per annum for the first 3 years and 4.5% for the next 4 years to a maximum of 30% which are prorated depending on the length of ownership.
• A sinking fund contribution of 1.5% per annum (up to 10 years) payable when the unit is resold.
• 100% of the capital gain stays with the resident.

The costs while you are living in the village are the monthly levies (similar to a strata fee) which pays for the day-to-day running of the village. Monthly levies (similar to a strata fee) range from $630-$750 per month depending on the unit. Council rates and water rates are around $1,400 per year each. Residents also are responsible for their own electricity and telephone/internet.

Features;

• 2 Bedrooms
• 2 Bathrooms
• Open Plan Kitchen, Meals and Family
• Private Courtyard
• Secure Entrance
• Single Garage and Storeroom

For a private viewing, please ring Peter Burns on 0418 925 012.

Read More
Features.
Bedrooms : 2
Bathrooms : 2
Cars: 1
Summary.
Type : Retirement
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