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Independent Living Unit/Villa
Enquire about availability
Village description
Independence, security and a truly luxurious lifestyle.
From the beautifully maintained private grounds to luxurious resort style facilities, Menzies Malvern offers the kind of lifestyle that makes every day a joy.
Situated a short stroll from cafes, boutiques and shopping precincts, Menzies Malvern offers an independent cosmopolitan lifestyle, framed by the rich cultural tapestry of one of Melbourne’s most sought after suburbs.
Enjoy the convenience of having all the delights of Malvern on your doorstep, as well as the contentment that comes from living in a safe, secure and supportive environment.
With a warm, welcoming community at its heart and regular social events inspiring fun and fulfilment, you’ll love every day at this vibrant village. Whether you’re swimming in the heated pool or catching up with friends in the elegant lounge, this is luxury living at its best.
(Show more)Property description
Luxury apartments in desirable Malvern. Menzies Malvern includes 1, 2 and 3 bedroom self-contained private apartments.
(Show more)-
Overview 1999 village established 124 village units
Unit parking 1 car spaces
Village parking Individual garage / carport / car space may be allocated upon request (subject to availability) General parking available for residents General parking available for visitors Access to aged care Village features Activities/games area Communal gardens Community room or centre/club house Computer room Dining room Emergency call system Gym Hairdressing salon Library Lounge Medical consultation room Pet friendly (subject to approval) Security system Swimming pool Workshop Spa Cinema Nurse clinic Table tennis/carpet bowls room Property features Personal services (included) Optional services (user pays) Hairdressing Meals Podiatry Maintenance Secretarial assistance Massage -
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Base (DMF)
Legal Tenure/contractual arrangement Settling-in period (if any) Ongoing fees period (if any) Loan/Lease (non-owner resident) 6 months 90 days Entry fees Entry price $760,000 Other costs/fees - Legal costs/fee
Ongoing fees (Current as at 1 July, 2018) Service/maintenance fee $488.95 - $971.70/month Total monthly charges Costs not included in ongoing fees $489.00 - $972.00 (approx.) - Contents insurance
- Council rates
- Water rates
- Water usage
- Other utilities (excl. water usage)
Departure fees Deferred payment Maintenance/replacement fund fee -
1 year - 8.5% of resale price
Expand - 2 years - 8.5% of resale price
- 3 years - 11.5% of resale price
- 4 years - 14.5% of resale price
- 5 years - 17.5% of resale price
- 6 years - 20.5% of resale price
- 7 years - 23.5% of resale price
- 8 years - 26.5% of resale price
- 9 years - 29.5% of resale price
- 10 years - 32.5% of resale price
4% of resale price (or greater of entry price and resale price) % of any capital loss Other costs/fees 100% - Reinstatement costs
- Sale costs/fee
- Legal costs/fee
Departure entitlement (Less above departure fees) Entitlement % of any capital gain Refund of entry price 100% Departure entitlement calculator (Based on entry price of $760,000) Capital gain Deferred payment Maintenance/
replacement fund feeEstimated total entitlement $0 $0 $0 $0 -
Legal
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Loan/Lease (non-owner resident)
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6 months
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90 days
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No
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Entry fees
- Legal costs/fee
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Ongoing fees
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$488.95 - $971.70/month
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Costs not included in ongoing fees
- Contents insurance
- Council rates
- Other utilities (excl. water usage)
- Water rates
- Water usage
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Departure fees
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- Year 1 - 8.5% of resale price
- Year 2 - 8.5% of resale price
- Year 3 - 11.5% of resale price
- Year 4 - 14.5% of resale price
- Year 5 - 17.5% of resale price
- Year 6 - 20.5% of resale price
- Year 7 - 23.5% of resale price
- Year 8 - 26.5% of resale price
- Year 9 - 29.5% of resale price
- Year 10 - 32.5% of resale price
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4% of resale price (or greater of entry price and resale price)
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100%
- Reinstatement costs
- Sale costs/fee
- Legal costs/fee
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Departure entitlement (Less above departure fees)
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Refund of entry price
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100%
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Prepaid Plan
Legal Tenure/contractual arrangement Settling-in period (if any) Ongoing fees period (if any) Loan/Lease (non-owner resident) 6 months 90 days Entry fees Entry price $760,000 Upfront payment 19% of entry price Other costs/fees - Legal costs/fee
Ongoing fees (Current as at 1 July, 2018) Service/maintenance fee $488.95 - $971.70/month Total monthly charges Costs not included in ongoing fees $489.00 - $972.00 (approx.) - Contents insurance
- Council rates
- Water rates
- Water usage
- Other utilities (excl. water usage)
Departure fees % of any capital loss Other costs/fees 100% - Reinstatement costs
- Sale costs/fee
- Legal costs/fee
Departure entitlement (Less above departure fees) Entitlement % of any capital gain Refund of entry price 100% Departure entitlement calculator (Based on entry price of $760,000) Capital gain Deferred payment Estimated total entitlement $0 $0 $0 -
Legal
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Loan/Lease (non-owner resident)
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6 months
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90 days
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No
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-
Entry fees
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19% of entry price
- Legal costs/fee
-
-
Ongoing fees
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$488.95 - $971.70/month
-
-
Costs not included in ongoing fees
- Contents insurance
- Council rates
- Water rates
- Water usage
- Other utilities (excl. water usage)
-
Departure fees
-
-
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100%
- Reinstatement costs
- Sale costs/fee
- Legal costs/fee
-
-
Departure entitlement (Less above departure fees)
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Refund of entry price
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100%
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Refundable Contribution
Legal Tenure/contractual arrangement Ongoing fees period (if any) Loan/Lease (non-owner resident) 0 days Guaranteed buyback period (if any) 60 days Entry fees Entry price $988,000 Premium (included in entry price) 30% of entry price Establishment Fee 3.5% of entry price Ongoing fees (Current as at 1 July, 2018) Service/maintenance fee $488.95 - $971.70/month Total monthly charges Costs not included in ongoing fees $489.00 - $972.00 (approx.) - Contents insurance
- Council rates
- Water rates
- Water usage
- Other utilities (excl. water usage)
Departure fees % of any capital loss 0% Departure entitlement (Less above departure fees) Entitlement % of any capital gain Refund of entry price 0% Departure entitlement calculator (Based on entry price of $988,000) Capital gain Deferred payment Estimated total entitlement $0 $0 $0 -
Legal
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Loan/Lease (non-owner resident)
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0 days
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60 days
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No
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Entry fees
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30% of entry price
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3.5% of entry price
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Ongoing fees
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$488.95 - $971.70/month
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-
Costs not included in ongoing fees
- Contents insurance
- Council rates
- Water rates
- Water usage
- Other utilities (excl. water usage)
-
Departure fees
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0%
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-
Departure entitlement (Less above departure fees)
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Refund of entry price
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0%
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Send enquiry to see legal and fee information.
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