ipad
The latest and most modern of its' kind...
ipad Apartments 304 Waymouth Street, Adelaide SA 5000
Some Frequently Asked Questions - about buying a ipad
1. What level of rental can be achieved for an ipad apartment?
The asking rents for an apartment are:
$270 for single occupancy per week.
$295 for double occupancy per week.
Rental income for ipad is pooled and income for each apartment is calculated based on the amount of rent being paid, the level of occupancy and is distributed based on the unit entitlement and paid monthly after deductions of outgoings of all apartments outgoings
2. Is rent received during holiday periods?
YES – Students who reside at ipad generally lease the apartments for a 6 or 12 months period
3. Will the weekly rental be reviewed?
YES - Student Living will research the market each year and recommend rental for the next year
4. Do tenants pay a security bond?
YES – all tenants pay an amount that is equal to 4 weeks rent.
5. What costs do the tenants pay?
ipad tenants pay the following:- one months rent in advance
- Energy consumption costs
- Internet usage
- Telephone usage
- Water supply Charge
During their stay tenant pay the following:
- Energy consumption costs
- Internet usage
- Telephone usage
6. What outgoing costs do I need to budget for?
As an owner at ipad you will have to pay for the following:
| Water Rates * | $ 508 p.a. |
| Council Rates * | $ 551 p.a. |
| Land tax - If applicable * | NIL |
| Emergency Service levy * | $ 68 p.a. |
| Administration ** | $ 315 p.a. |
| Advertising and I.T. ** | $ 15 p.a. |
| Security ** | $ 260 p.a. |
| Reception ** | $ 150 p.a. |
|
Rental Management ** |
$1600** |
| Body Corporate Management Insurance, Building & Lift Maintenance etc | $1130 p.a. |
** These costs are subject to change
** This amount will vary according to occupancy & rental rates
** Owner Occupier rental management will be $440 for 2009
7. What happens when furniture fixtures and equipment require replacement?
There is a Refurbishment fund to which owners contribute 1.5% of the gross rent revenue and held in an interest bearing fund. *** Based on 2007 / 2008 Choice Property Group expenses budget for ipad at 304 Waymouth Street.
8. What happens when furniture fixtures and equipment require replacement?
There will be a sinking fund to which owners contribute 1.5% of the gross rent revenue. To be held in an interest bearing fund.
9. How can information on my investment be obtained?
YES - this can be done at any time by giving Student Living 14 days notice.
10. How can information on my investment be obtained?
As owner of an apartment you will receive a monthly statement and an annual property report.
Disclaimer: The information contained in these notes has been provided in good faith and is in no way intended to be a guarantee of future performance or conditions.
L3 Realty Pty Ltd, Student Living Australia Pty Ltd & Student Living Pty Ltd recommend that any potential investor seek professional advice prior to acquiring an apartment in ipad Student Apartments.
Information contained in this document is general in nature and has no regard to specific investment objectives or the particular needs of any specific recipient and does not constitute financial advice.
Information contained in this document does not constitute any representations or warranties by L3 Realty Pty Ltd, Student Living Australia Pty Ltd & Student Living Pty Ltd and all liability of L3 Realty Pty Ltd, Student Living Australia Pty Ltd & Student Living Pty Ltd
shall be limited to the extent permitted by law.
