Retire In Style - $80000

Description

Harry Tregoweth Retirement Village Expressions of interest are invited for residence at the Harry Tregoweth Retirement Village. Enjoy a very low maintenance lifestyle in a delightful 2 bedroom unit, with open plan design, kitchen with pantry, reverse cycle air conditioning, all weather pergola, garage under the main roof with remote, garden shed, rainwater supply and private and securely fenced rear yard, with auto watering system. The aim of the village is to create a sense of belonging, making it a worry free and enjoyable retirement, where self respect, security and independence is very important. Background The Harry Tregoweth Retirement Village was commenced in 1993 with the construction of three two-bedroom, self contained homes on Council property at Plane Street, Lucindale. The popularity of the scheme enabled a further three homes to be completed in 1994 and officially opened by the Governor of South Australia in February 1995. The Village was established to meet a demand for local accommodation for individuals and couples aged 55 years or older and retired from full time employment. The Council may also consider admission for other people under certain circumstances. The Village is administered pursuant to the Retirement Villages Act 1987. Location Lucindale is located in the heart of the South East and is home to the popular Lucindale Field Days, which are held in March each year. Lucindale is located approximately 45 kilometres from Naracoorte, 70 kilometres from the popular seaside town of Robe, 50 kilometres to fishing and boating at Kingston and 1 ½ hours to the shopping precinct of Mount Gambier. An easy daytrip to the World Heritage Caves at Naracoorte, the renowned wineries of Padthaway to the north, Coonawarra to the South and Wrattonbully to the east make Lucindale an ideal location to enjoy retirement. Lucindale is a close knit, small community that holds great pride in its town. It offers a range of facilities and social committees, some of which include:- Meals on Wheels Visiting Doctor Community Health Services Ambulance Two District Nurses Lions Club Country Women's Association Hairdresser Lucindale Country Club - golf and tennis Library Bowls - indoor and outdoor Country Fire Service Hotel Police Service Station Historic Museum Churches - Anglican, Catholic, Lutheran and Uniting Housing Agreement Residents of the Village are required to enter into a Retirement Home Residence Contract ("The Agreement') with the Naracoorte Lucindale Council. The Council retains ownership of the Unit, with the resident assuming many of the rights and responsibilities of home ownership. In exchange for a monthly maintenance fee, currently $180.00 per month, the Council maintains the Units, including all lawn areas. The maintenance fee includes building insurance, refuse collection, water charges and rates and taxes. The resident is responsible for cleaning their unit, maintaining all garden beds adjacent to the unit, utility charges and contents insurance. The rights and responsibilities of the Council and the Resident are further explained in the Agreement. Purchase Price The purchase price (premium) is set at $93,000 per unit for 2007/2008 with a guaranteed buy back of at least 70% of the initial premium. The Council retains 6% of the premium per year (or part thereof) to a maximum of 30%. For example, if you stay in the unit for two years Council retains 12% of the premium, if you stay in the unit for five years Council retains 30% of the premium, if you stay in the unit for ten years Council still retains only 30% of the premium. Payment is guaranteed by the Council within twelve months of termination of the Agreement. Cooling Off Period After signing the Agreement, the Resident is entitled to a cooling off period of fifteen business days. If during this period, the Resident decides not to go ahead with the occupancy, then all monies paid will be refunded in full, less any Government and Bank Charges. (RLA 180354)