Relaxed Retirement Living in Rivervale – Just Minutes from the Perth CBD

Description

14B Francisco, Rivervale –  Welcome Home!

Home Open: Wed 10 June – 10:00 am

Tucked away within a peaceful and beautifully maintained retirement village, this rare Lease for Life opportunity offers the perfect blend of comfort, community and  affordability, all just moments from the vibrant heart of Perth.

Located at 14B Francisco Street, Rivervale, WA 6103, this charming independent living villa is part of a welcoming over-55s community proudly managed by Retirees WA, a respected not-for-profit organisation dedicated to empowering seniors throughout Western Australia.

Positioned only minutes from the Perth CBD, Crown Perth, Optus Stadium, the Swan River foreshore, Belmont Forum, cafes, medical facilities, and public transport, this location offers the lifestyle many retirees dream about – peaceful suburban living with the excitement and convenience of the city right at your doorstep. Whether it’s meeting friends for coffee in the city, enjoying riverside walks, attending events at Crown or Optus Stadium, or simply having easy access to shopping and healthcare, everything you need is close by.

Opportunities within this tightly held village are incredibly rare, making this a truly special chance to secure your place in a warm and established community where neighbours become friends and life moves at a more enjoyable pace.

Designed exclusively for individuals aged 55+ who are not employed full-time, the Lease for Life model offers an affordable and secure pathway into retirement living, with a significantly reduced purchase price compared to traditional property ownership. Even better, residents benefit from exemptions from Local Council Rates and Stamp Duty, along with a low monthly maintenance fee of just $370 – helping you enjoy more freedom, less stress, and reduced ongoing living costs.

Beautifully positioned with no common walls, this villa offers both privacy and independence.

Step inside and feel instantly at home. This thoughtfully designed villa features:

A cozy separate living area perfect for relaxing afternoons or entertaining loved ones
Two comfortable bedrooms with built-in robes
A spacious bathroom designed for practicality and comfort
A fully equipped kitchen with excellent storage
Ducted air-conditioning and gas bayonet for year-round comfort
Single carport plus a private storage room
A private courtyard ideal for enjoying fresh air, gardening, or quiet morning coffees

To make your transition even more special, the unit will also be refurbished at settlement, creating a fresh and welcoming space ready for you to enjoy from day one.

Surrounded by beautifully maintained common areas and like-minded residents, this pet-friendly (conditions apply) community offers the perfect balance between tranquility and connection. Here, you can embrace a lifestyle filled with independence, companionship, and peace of mind – without the burden of high maintenance .

This is more than just a home – it’s an opportunity to enjoy your retirement years in comfort, security, and style, all within minutes of the city.

How the “Lease for Life” Works

This Villa is offered on a Lease-for-Life Agreement (exclusive to individuals aged 55+ who are not employed full-time).

Choosing a “Lease for Life” with Retirees WA means purchasing the lease upfront, granting you the exclusive right to occupy the unit for up to 60 years . 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.

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.

Insurance and Pets
Retirees WA insures the unit and the original fixtures but you must insure your personal belongings. Pets are allowed at the discretion of Retirees WA, and a “Request to Keep a Pet” form must be completed.

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 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.

Units in this village rarely become available. Don’t miss your opportunity to secure this hidden gem in one of Perth’s most convenient and connected locations.

Contact Andrei at 0476 776 747 to arrange a viewing.