Retirees WA - Mills Retirement Village

Lease for Life Opportunity in Bentley!

This independent living villa (to be refurbished before settlement) offers an exclusive Lease for Life opportunity for individuals aged 55 and over who are not employed full-time.

Managed by Retirees WA, a trusted not-for-profit organisation dedicated to empowering seniors in Western Australia, this home combines comfort, community, and affordability -  creating the ideal lifestyle for your next chapter.

Comfortable, Secure & Low-Maintenance Living

This 2-bedroom, 1-bathroom villa has been thoughtfully designed for comfort, convenience, and independence. The spacious open-plan living area flows into a functional kitchen, and the large bathroom offers practicality and ease of use. You’ll enjoy:

• A villa on a corner block - with no common walls other than the garage wall
• Refurbishment at settlement, ensuring a fresh start in a modern, inviting home
• Two generous bedrooms with built-in robes
• Air conditioning (ducted evaporative system and split unit reverse cycle) and gas bayonet heating for year-round comfort
• Single lock-up garage featuring an automatic roller door
• Two private courtyards (featuring established gardens) perfect for pottering and a large storage shed
• A spacious undercover area, perfect for enjoying quiet mornings or entertaining family and friends
• Pet-friendly policies, because your furry companion is welcome too
• Duress alarm system for added peace of mind
• Exempt from Local Council Rates and Stamp Duty
• Low monthly maintenance fee of just $360.00

A Welcoming Community in a Convenient Location

The village is nestled in a cul-de-sac in Bentley, surrounded by leafy streets.

Positioned close to Bentley Hospital and its associated medical services, residents benefit from easy access to essential healthcare facilities, ensuring peace of mind during their retirement years. Moreover, a short bus ride away from Carousel and Bentley Shopping Centres, this location offers effortless access to shopping, dining, and entertainment options, making everyday errands a breeze.

How the “Lease for Life” Works

Choosing a “Lease for Life” with Retirees WA means purchasing the lease at market value, granting you the exclusive right to occupy the unit and use all common facilities (if applicable). The lease ends when the last occupying resident vacates the unit. Unlike traditional home ownership, the land title does not transfer to you.

Financial Details and Costs

During occupancy, residents are responsible for the following costs:

• Monthly Maintenance Fee: This covers common village expenses such as administration, pest control, building insurance, utilities for common areas, gardening, rubbish removal, and maintenance. The fee is reviewed annually.
• Utility Charges: Residents pay for their unit’s water, electricity, gas, telephone, and other service charges.
• Insurance: Retirees WA insures the unit and the original fixtures but you must insure your personal belongings.

Maintenance and Responsibilities

As a resident, you are responsible for maintaining and repairing your unit only from the back fence to the outside of the front door. Retirees WA ensures that common areas are well-kept, covering these costs through the village maintenance account. This means you can enjoy a low-maintenance lifestyle, focusing on what matters most to you.

Understanding the Outgoing Refund

When the lease ends, the outgoing refund is calculated by deducting certain fees from the new resident’s ingoing payment:

• Deferred Management Fee (DMF): 2.5% of the subsequent resident’s ingoing payment per year, capped at 25%.
• Major Refit Contribution (Sinking Fund): 1% of the subsequent resident’s ingoing payment per year, capped at 10%.
• Additional Costs: Including outstanding maintenance fees, water usage, selling fees, settlement fees, and refurbishment costs.

The outgoing resident or their estate receives the payment within 7 business days after the subsequent resident pays for the lease.

Why Choose Retirees WA?

Choosing Retirees WA’s “Lease for Life” offers numerous advantages:

• Security and Stability: Long-term leasing provides peace of mind.
• Community Living: Enjoy the companionship of like-minded seniors in a supportive environment.
• Reduced Living Costs: Exemption from Stamp Duty and Local Council Rates ensures affordable living. Low monthly maintenance fees further enhance financial relief.
• Low-Maintenance Lifestyle: Focus on enjoying your retirement while we take care of common area maintenance.

Why Wait?
With its prime location, low-maintenance lifestyle, and rare availability, Villa 1 is the perfect place to start your next chapter. Embrace the freedom, security, and community spirit that Retirees WA offers.

This is a chance to secure a villa in a tightly held village. Whether you’re downsizing, simplifying, or planning for a secure future, this Lease for Life unit offers value, peace of mind, and a supportive community.

Contact Andrei today at 0476 776 747 or [email protected] today to express your interest in this villa and take the first step toward your next chapter in relaxed, independent living.

Retire with ease. Live with purpose.