This is a rare opportunity to secure a Defence Housing Australia complex with leases in place until 2024, offering a fantastic return on investment. The six units are each on a separate strata title, providing you with a variety of options for the future. Down the line, when the Defence Housing Australia lease expires, the strata title allows you to sell these units individually.
DHA has been the only tenant since the building being occupied, there is a strong likelihood that they will extend to 2027 and beyond.
The contemporary complex will be in high demand amongst tenants for years to come, with each of the units being meticulously maintained and presented. The top floor units also offer city views from their large entertaining balconies.
Just 8km from the Brisbane CBD, Everton Park has experienced strong growth over recent years with astute investors and homeowners choosing to purchase in the suburb. This growth has been supported by the construction of the Everton Park laneway precinct, with an increasing number of cafes, restaurants, and eateries.
The complex is a stone's throw away from the supermarkets, medical facilities, and public transport options at Everton Plaza. Your tenants will love the easy access to Teralba Park, which offers access to kilometres of walking and biking trails along Kedron Brook. Brookside Shopping Centre is just a 4-minute drive and offers further shopping options, department stores, and a transport hub. Tenants will also appreciate being within the Enoggera State School and Everton Park State High School catchment areas, with the private Hillbrook Anglican School and Mount Maria College nearby.
This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. The new owner will have the comfort of DHA management of the complex and individual occupants.
Property features:
*Two bedrooms, each with built-in wardrobes
*Two bathrooms including en-suite
*Entertaining balcony
*Internal laundry
*Modern complex with air-conditioning, ceiling fans, and stainless-steel appliances
*Units 1,2,3 feature single car space
*Units 4,5,6 all feature double car spaces, a huge advantage at resale
Each unit has individual storage located at the carpark level, the storage rooms are very spacious enabling for an abundance of storage options for residents.
Lease details:
*Current weekly rent: $405 - $415 per unit - Total annual income $127,920 with expectation of further rental growth at the next valuation review.
*Lease end date: 25/11/2024 with a variable extension of 36 months
*All Options/Variations are exercised at DHA's discretion
*Rates $2582.40 per quarter
DHA Lease Benefits
• 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 is also be entitled to a lease-end make-good including repainting and re carpeting each unit (refer to the DHA Lease Agreement)
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