Investors pick up this strata titled unit in a retirement complex of 34 run by Fig Tree Developments Ltd. All income is pooled together and divided per unit. Everything is fully managed and paid net of gross rental income indexed with pension increases. The only expenses paid by the owners seperately are council rates. Total figures for 2007/08 listed below. Gross Yield 12.47%. Net Yield 5.6%.
- Strata Fees $813
- Management Fees $4353
- Legal Fees $108
- Repairs $214
- Council Rates $1357
- Total expenses $6847