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6.4% gross return!
Invest now.....live-in later.
This modern family home is in a quiet street in one of Palmerston's best suburbs.
This will be a great home for your family when you are ready to move in.
In the meantime, collect the rent from Australia's best residential tenant, and rest easy with their renowned management of the property during the lease period.
This modern home will always be a good investment, as it is well-built and very well located, and within easy walking distance of schools, shops, and the local tavern.
DHA has 4 years to run on the main lease period.
Regardless of when they vacate, the property will be handed back to you in good condition, ready for you or a new tenant - your choice.
Consider these features -
* 3 bedrooms, main with ensuite
* All 3 bedrooms have tiled floors and built-in robes
* Open plan living and dining areas
* The home has a separate family room
* Living area and family room access the rear verandah
* Tiled floors throughout
* The home is fully air-conditioned by split-system units
* Double lock-up garage with storage space and internal access
* Generous 693sqm lot with a real back yard
* Generous 20m street frontage
* Side parking bay for boat, trailer or caravan
* In a neighbourhood of similar-quality homes
* Palmerston Council rates are $1 326p.a + garbage collection $527p.a
* Current Gross Return approx. 6.1%
DHA Lease Summary
Lease end date: September 2027 - 3 year option taken up
Current Rent For 2024: $700 per week
Monthly net income after DHA fees approx $2 541pcm
DHA Lease Options and Variations
Lease option: Up to 3-year lease-option period - now taken up by DHA
Right to vary: 1 x up to 12 months Reduction/Extension in the lease term
Note: The right to vary the term of the lease is at DHA's discretion.
* DHA guarantee to pay the rent even if the property is vacant.
* DHA Property Care, an all-inclusive service fee, covers a range of property-related services.
* The property is cleaned at the end of each tenancy period.
* 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).
Investing with DHA - This property is for sale on behalf of a DHA lessor and has a DHA (Defence Housing Australia) lease in place.
Visit dha.gov.au to learn about the benefits of investing in DHA property.
DHA regulations mean that this property will be available for private inspection only and to prequalified buyers only.
The rent displayed is the 2024 rental figure.
Photos are supplied under agreement by DHA and are for illustration purposes only.