Independent Living Units on a Lease for Life basis:
The impressive units at Geegeelup Village have been designed and/or refurbished to enable residents to remain in their homes and maintain independence for longer.
Features include two bedrooms, mobility designed open bathrooms, level floors and low step doorways, air conditioning, new/near new floor coverings, freshly painted, under cover parking, manageable gardens and more. We have one unit which is suitable for total wheelchair dependency.
The newer units in the village have been fitted with solar panels. For your interest; to view one of the solar systems and its live feed click here.
A brief summary of the financial costs to an incoming resident include:
In going premiums range from $200,000 to $265,000 depending upon age, size and style of the specific unit.
A one-off, non-refundable Administration fee of $5,000 payable on the date of occupation.
Retention equivalent to 3% of the Ingoing Premium payable on the date of occupation and annually on the anniversary of occupation for a further five years (to a maximum retention of 18%).
Weekly recurrent charge, currently $75.00, calculated and adjusted annually.
No exit fee.
Ingoing premiums, less the Administration fee and annual retentions, refunded within 7 days of another resident taking up occupation of the premises, capped at a maximum of 6 months from vacation of the premises.
Lease for life basis, not ownership.
Seven day cooling off period, whereby a prospective resident may rescind the Contract, prior to occupation.