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INVESTORS : This home is perfect for investors looking for good long term growth and security with the DHA lease in place until 2027. Rent is currently $520pw representing a healthy 5.46% yield. The DHA (Defence Housing Australia) lease offers the new owners guaranteed rental income, resulting in stress free investing, regardless of whether the home is tenanted. Representing the perfect opportunity for an astute investor with security and ?peace of mind" from a long lease to Defence Housing Australia (DHA) and extensive benefits of the DHA Property Care & Maintenance Services, you can?t go wrong. 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.
LEASE DETAILS :
* Lease edition 6B
* Lease start date 31/05/2012
* Lease end date 30/05/2027
* Lease option Used
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* Important Note: The 12 month right to vary is at DHA?s discretion.
CURRENT GROSS RENT for 2024: $520pw and adjusted each January to realign with current market rent through an independent professional valuation
The property is flood free and located in a quiet Street in Kalynda Chase development in Bohle Plains, now one of Townsville's most popular developments with tennis courts, walking tracks, gym, convenience shopping, restaurants and public transport. This is the perfect home for an investor to move in at lease end, rent out or sell after DHA's make good is completed.
With Townsville experiencing some of the highest rental yields in the country, vacancy rates continuing to come down and property experts reporting Townsville is on the way back from its previous downturn, now is the perfect time to consider investing in the region.
PROPERTY FEATURES:
* Modern lowset home
* 4 Large Bedrooms, 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
* Double lock up garage with internal entry
* Security Screens
* Outdoor undercover patio/entertaining area
* Side access
* Spacious 695 sqm block
* Built approx 2012
* Council & Water Rates - Approx 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
RATES : TBC
** 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 Floorpan, 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.