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INVESTORS : This is a perfect opportunity for a savvy investor. This property has a DHA (Defence Housing Australia) lease in place and rent is guaranteed until the end of the lease, currently locked in until 2028 plus 1 x 3 year option which would take it through until 2031. Currently rented at $480pw and located on a quiet street in the Kalynda Chase development in Bohle Plains, now one of Townsville's most popular developments with tennis courts, walking tracks, gyms, convenience shopping, restaurants and public transport.
At lease end the home is repainted inside and out as part of the lease end 'make good' and at DHA's expense before being handed back for you to move in, rent out privately or sell OR you can also choose to discuss DHA's requirements for the home on a longer term basis with the potential to lock in a new lease. You're also free to onsell to another investor at any time during the lease.
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 to offer buyers a stress free experience. Ideal for those investors located anywhere in the country, purchasing as an individual or through self managed super funds, and perfect for those starting their property portfolio and looking for a safe and secure option.
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
LEASE DETAILS :
* Lease edition 6c :
* Lease Start date : 20/06/2019
* Lease End date : 19/06/2028
* Lease option : 1 x 36 months
* Right to vary : 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* All options/extensions are in DHA's FAVOUR.
CURRENT GROSS RENT for 2024: $480pw and adjusted each January to realign with current market rent through an independent professional valuation
PROPERTY FEATURES:
* Modern lowset brick home
* 4 Large Bedrooms or 3 plus large study or extra living area
* Master Bedroom inc Main with Ensuite, built in Robe and Air Conditioning
* 2 Separate living areas inc Family/Rumpus and Living/lounge room at front of the home
* Modern Kitchen with stainless appliances and ample storage and bench space
* Air conditioning throughout
* Ceiling fans throughout
* Easy care tiles throughout
* Double lock up garage with internal entry
* Security Screens
* Outdoor undercover patio/entertaining area
* 457 sqm block
* Built approx 2016
* Council & Water Rates - Approx $1,915 Bi-annually
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 coordinated 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.