Apartment Details

Bedrooms x 3 Bathrooms 2 Carports x 2

Open For Inspection Times

None scheduled at this time.

Past Sales & Property Information

Property Info:	9/9 Chapman Avenue
Street Info:	Chapman Avenue
Suburb Info:	Merimbula
Postcode Info:	2548

Merimbula Profile

Average age:	50 years
Houses:	63.6%
Townhouses:	11.9%
Flats & units:	21.9%
Other:	2.6%
Population:	3,206

MANAGEMENT RIGHTS ON THE FISHPEN ARM, MERIMBULA

Three bedroom Residence & Management Rights on The Fishpen.
Management Rights over 7 units (5 x 2 bedroomm, 1 x 1 bedroomm & 1 x 4 bedroom. All units are ground floor with outfront of unit parking.
Residence is a separate building with 1 of the 2 bedroom units under.
Kitchen/dining/lounge with views over the lake towards the town. Three bedrooms with built-ins, bathroom shower and bath, vanity, separate toilet.
Entrance, laundry, extra shower and toilet downstairs with small private back yard. Also a carport for the Managers.
Great occupancy and showing excellent returns. Well maintained gardens.
Ideal semi-retirement, with income, lifestyle and time for golf, bowls, fishing or whatever.
Only 300 metres walk to surf beach and lake and only a 15 minute flat walk to town.
Great opportunity at a realistic price. Call David now for details and an inspection

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Ray White Merimbula

P: 02 6495 3200
F: 02 6495 3633
E: sales@raywhitemerimbula.com.au

4 Merimbula Drive Merimbula NSW 2548
www.raywhite.com/nsw/merimbula

Plancard Pty Ltd. License 323 326
Licensed Agent
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David Wunsch View profile

0438 262 725 or 02 6495 3200

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What do I need to purchase this property?

Initial Requirements (assuming sale price of $490,000)

Stamp duty	$17,540
Legal fees¹	$1,500
Loan application fees²	$655
Minimum deposit (10%)²	$49,000
	Total initial payment: $68,695

Monthly Repayments (assuming deposit of $49,000 and sale price of $490,000)²

Loan repayments on $441,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment: $2,919 per month

Notes

The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 8/10/11, last updated on 21/5/12, and has been viewed 239 times. Please note the counter is not updated immediately.

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