We thought you might be interested in this unique townhouse development in the suburb of Paradise called The Viridian. Stage one contains 13 townhouses [7 already sold!] with prices starting from just $469,000 for the 2-storey design, going up to $499,000 for the 3-storey option. But here’s the kicker, the developer is offering a huge 3 year 7% rental guarantee [6.5% for the 3-storey townhouses] for anyone that purchases a townhouse prior to construction commencing.
Located adjacent to the state’s largest public transport hub, Paradise Interchange, The Viridian is a connected place to live with nearby parklands and Linear Park, multiple shopping precincts just moments away, not to mention an on-site supermarket, community garden, on-site gym and café [part of stage three], plus common outdoor dining and picnic spaces.
Designed by award winning Alexander Brown Architects, these homes have been designed with liveability, functionality and style in mind. All 13 of the three-bedroom townhouses feature a flexible walling system to the central bedroom allowing you to instantly adapt the layout from a 3 bed + 1 living area to a 2 bed + 2 living area configuration with ease.
The three storey townhouses also provide a light-filled rooftop study and roof deck with integrated Vergola system as well as views of the magnificent Adelaide Hills. Purchasers also have the option of upgrading to a car stacker for $23,900 – this will allow you to park two cars in a single garage!
With high grade inclusions of stainless steel appliances, stone bench tops, high ceilings and LED downlights these properties are to be built to the highest standard.
A fixed price, turn-key, cash flow positive 3 bedroom townhouse located in Paradise, SA.
Here’s how the numbers look;
|$631 pw [7.00% rental guarantee on 2-storey]
|+$219 pw* [$11,388pa]
|10 Yr IRR
|38.29%* [pre-tax return on all money invested over 10 yrs]
|1 Yr RETURN
|$44,218 [$11,388 rent + $32,830 capital growth?]
*based on borrowing 90% of purchase costs at a rate of 4.25% with tax credits calculated using an annual income of $80,000.
This property is cash flow positive $219/week [$11,388 pa] in the first year.
In total, including capital growth, there is a potential to make ~$44K with this investment after just one year.
To purchase this property, you will need approximately $70-110K in available equity or cash [depending on your loan size]
Note: this property is being sold off-the-plan via a single contract [not a house & land contract] which means it can be purchased in a SMSF.
Location of The Viridian adjacent to Paradise Interchange and nearby amenities.
You can leave your car at home when you live at The Viridian. With the largest public transport hub in metropolitan Adelaide, Paradise Interchange, only seconds away from your doorstop, you’ll be able to commute to the City of Adelaide within 7 minutes [following completion of the current O-Bahn extension] or arrive at 100s of other destinations with just one bus from the Interchange. The University of South Australia also operates a shuttle bus from the Interchange providing free access to Mawson Lakes and Magill Campuses for staff and students.
The Viridian connects you with convenience, with multiple shopping precincts, parklands and sporting facilities all within minutes.
Location highlights include;
Property Investment Fundamentals Checklist;
Purchase a townhouse prior to construction commencing at The Viridian Stage One and receive a 7% pa rental guarantee for 3 years on the 2-storey townhouses and 6.5% pa rental guarantee for 3 years on the 3-storey townhouses.
The guarantee is provided by Viridian Living who will take care of everything from leasing your townhouse to maintenance and relationship management. Investors are only responsible for normal ownership expenses such as council rates, any applicable strata fees and ongoing property management fees.
We’ll provide you with all of the details you need to make an informed investment decision. This usually includes a detailed Property Investment Analysis [PIA] report, property brochure, site plan, inclusions list, rental and sales appraisals, area research reports and any other relevant supporting information.
To secure this property you will need to complete a simple Expression of Interest [EOI] form and pay a fully refundable holding deposit of $1,000.
Real Investar | Urbantech Group
Unlike other property groups out there we don’t develop and sell our own property, instead we go to great lengths to ensure the properties and areas we recommend have the greatest chance of out-performing the broader market. That’s why we avoid inner city apartments, projects where there are too many investors, and areas that are reliant upon one industry, such as mining towns!
Instead we’ve built up a strong network of developers and builders around Australia and work hard to find you the right type of property in carefully selected hotspots which display the core fundamentals of high employment, infrastructure spend and population growth.
We only work with reputable builders who get the job done, so build times are less than 180 days. The properties are also 100% turn-key and ready for tenants to immediately occupy – standard inclusions are; air-conditioning, blinds, security screens, full landscaping, fences, antennas and letterbox. All council fees and charges [soil test and engineering] are covered by the builder and you get a 12-month maintenance period [for any defects] and a 20-year structural guarantee. There’s no hidden costs, surprises or extras for you to organise. We can also help you find an excellent local property manager and arrange to have a full depreciation schedule completed at the end of the build.
If you are interested in any of the deals we send through please contact us immediately so we can put a temporary hold on them for you.
The above information and service is provided by Urbantech Property Pty Ltd [ABN: 65 127 477 490] trading as Real Investar. Real Investar is the provider of generalised property investment education and advice, not financial advice or credit advice.