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INVESTORS : This property represents a perfect opportunity for a savvy investor. Currently rented at $530 per week and returning a strong investor yield of 5.54%, which is sure to satisfy the banks. With a current DHA (Defence Housing Australia) lease in place and rent guaranteed until the end of the lease, locked in until January 2025 with an additional option of 3 years that would take it through to 2028. Situated on a generous 576 sqm block, the property is located in the Townsville suburb of Burdell and surrounded by everyday conveniences such as schools including Townsville Grammar and North Shore State School as well as Parks and playgrounds. The Woolworths & Bunnings as well as the Bruce Highway are within a 5 minute drive.
A DHA (Defence Housing Australia) lease offers the new owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package, & annual independent professional rental valuations and adjustments, all of which are designed for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. At lease end the home is repainted at DHA's expense before being handed back for you to move in, rent out privately or sell. You can also choose to discuss DHA's requirements for the home on a longer term basis with the potential for a new lease. You're also free to onsell to another investor at any time during the lease.
With Townsville experiencing some of the highest rental yields in the country, vacancy rates continuing to come down and property experts reporting Townsville still producing good capital growth options now is the time to lock down your investment in to this popular investment hotspot.
LEASE DETAILS :
* Lease start date. 16/01/2013
* Lease end date 15/01/2025
* Lease option 1 x up to 36 months
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* Important Note: The 36 month option and 12 month right to vary are at DHA?s discretion.
CURRENT GROSS RENT for 2024: $530pw and adjusted each December according to an independent professional valuation
PROPERTY FEATURES:
* Master Bedroom inc Main with Ensuite, Walk in Robe and Air Conditioning
* 2 Separate living areas inc Family/Rumpus and Living/Dining
* Air conditioning throughout
* Ceiling fans throughout
* Easy care tiles throughout
* Double lock up garage with internal entry
* Security Screens
* Outdoor undercover patio/entertaining area
* Double gated side access
* Spacious 576 sqm block
* Built approx 2011
* Council & Water Rates - TBC
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees
** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can?t be occupied by the owner/s until the lease ends **
***Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be co-ordinated by the agent with the tenants.
Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorplan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.