25/59 George St, Paradise – $387,000
These listed entry premiums are derived from the varied sizes of each apartment, as well as each apartment’s location (i.e. upstairs/downstairs). The average size of these apartments is 85m². As a comparison, a small twenty year old 2 bedroom unit (size 106m²) at our Paradise site sells for $350,000. Our 21m² residential care suites sell for $495,000 within the nursing home.
As well as the entry premium above (of which you get 82% back capped at 2 years), the only other cost is the daily service fee of $50.16 (which includes all utilities, water, rates, taxes, 2 meals a day and breakfast provisions, weekly laundry of your linen and personals, weekly cleaning of your apartment). You only have to organize your phone and contents insurance!