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INVESTORS: This property represents a perfect opportunity for a savvy investor. Currently rented at $830 per week and returning a strong investor yield of 6%, which is sure to satisfy the banks. Owned independently & currently leased to Defence Housing on a long term lease which expires in July 2031 plus 1 x 3 yr option that would take it through until 2034.
LEASE DETAILS :
* Current lease end 16/7/2025
* New lease date 17/7/25 - 16/7/2031
* Lease option 1 x up to 3 year option
* 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 2025: $830pw and adjusted annually based on the assessment from an independent professional valuer.
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.
PROPERTY FEATURES:
* Modern lowset brick home
* 4 Large Bedrooms
* Master Bedroom inc Main with Ensuite, Walk in Robe and Air Conditioning
* 2 Separate living areas inc Kitchen/Dining and lounge room at front of the home
* Air conditioned living areas
* Ceiling fans throughout
* Easy care tiles throughout
* Double lock up garage with internal entry
* Security Screens
* Outdoor undercover patio/entertaining area
* Spacious 623 sqm block
* Built approx 2009
Suburb Infromation:
Redlynch, a highly desirable suburb approximately 15 kilometers north of Cairns CBD, offers a tranquil and picturesque lifestyle. Nestled amidst lush rainforest, residents enjoy stunning natural beauty and easy access to the region's pristine beaches. This family-friendly community boasts a range of local amenities, including quality schools, convenient shopping centres, and popular cafes and restaurants. With excellent connectivity to Cairns city centre via public transport and major roads, Redlynch provides the perfect balance of peaceful living and urban convenience. It's a haven for those seeking a relaxed pace of life surrounded by nature's wonders.
* 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 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 due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.