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INVESTORS: We are proud to present investors with this large desirable 5 Bedroom home, currently under a long lease to DHA (Defence Housing Australia) until 2031 with a three year option that would take it through until 2034. Currently rented at $550 per week representing an impressive yield of and assessed annually with an independent professional valuation to obtain true market rent, before being adjusted accordingly on the 1st of January every year.
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.
CURRENT RENT for 2024 : $550pw and adjusted annually based on the assessment from independent professional valuer.
LEASE FEATURES :
* Current lease dates 02/07/2010 to 01/07/2025
* Lease end date 02/07/2025 to 01/07/2031
* Lease option 1 x up to 36 months
* Right to vary 1 x up to 12 months Reduction or Extension
* Important Note: The 12 month right to vary is at DHA?s discretion.
FEATURES :
* Lowest 5 bedroom home
* Air conditioned Master suite with His and hers Walk in Robes, Air conditioning and a private ensuite.
* Main bathroom with shower and separate bath
* Separate toilet
* 2 large living areas
* Open plan family, casual dining and kitchen with sliding glass doors to an outdoor undercover area
* Ceiling fans throughout with Aircon to master, main living and kitchen/dining
* Security grills to windows and doors
* Side access
* Double lock up garage with remote control entry and internal access to the home
* Built approx 1998
* Block size approx 684sqm
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is occupied.
* Annual independent rent reviews.
* Zero re-letting fees for the length of the lease.
* DHA Property Care, an all-inclusive service fee, covers a range of property related services.
* At the end of each tenancy period, the property is professionally cleaned.
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and applies to commencement rent).
ABOUT KIRWAN:
A prime investment opportunity awaits in Kirwan. This established suburb offers a strong rental market and steady property value growth. Its proximity to James Cook University, schools, and shopping centres makes it a highly sought-after location for tenants. With its convenient access to the city centre and the natural beauty of the surrounding region, Kirwan presents a solid investment choice for those seeking long-term returns and a thriving community.
** 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.