Address available on request

ADDRESS AVAILABLE ON REQUEST

INVESTOR ALERT - Looking for a genuine set and forget Investment that has your property working for you? You may just have found it!

With a secure long term DHA lease in place, this modern property is ideally suited for the investor looking for a stress free investment that will offer a healthy yield, strong long term growth prospects and excellent re-sale value in the future.

Currently leased at $550 per week (guaranteed minimum until DHA lease expiry), lease expires August 2027 + 3 a year option and a 12 month right to vary.

A fantastic 2 bedroom, 2bathroom, 2carpark apartment in the highly popular Tech 1 building, the most recent addition to Darwin's Skyline.

Key Features:

Fantastic tax depreciation write off benefits for investors being near new
Rent paid 52 weeks per annum, even if vacant
Great growth location in fast gentrifying location on city fringe
Positioned on the 7th floor of an immaculate inner-city apartment complex
Tech1 building located to take advantage of future Darwin plans in fast gentrifying location
Intercom and lift access within the building along with parking for 2 cars
Luxurious swimming pool and communal features including spacious gym
Inside is a formal entry along with hallway that leads through to main living areas
Large open plan living and dining room with double sliding doors through to balcony
Kitchen has a modern galley design with luxurious finishes throughout
Striking blue glass splashback in the kitchen offers a pop of colour
Two carparks on title in secure basement
Quintessential not a worry in the world easy-care investments

Nothing needs to be done to the unit and if it did, DHA take care of it with management fees. You can relax and when it is time to sell, be assured that the property will be given back to you in good order, re painted and any wear & tear rectified as per the lease.

Prime location that continues its rapid gentrification on city fringe ideally positioned to take advantage of future Darwin plans. Great access to major arteries in & out of town with the recent addition of Garramilla Boulevard. The property is also located close to the Water Front area, Cullen Bay Marina, the CBD of course and has access to bus routes and public amenities.

If you are looking for a great set and forget capital growth investment which also boasts really healthy rental income then you’ll be hard pressed to find better than this!

A really smart time in the property cycle to purchase an inner city unit having only moved off the bottom of the cycle in 2021.

Outgoings include - DHA management/maintenance fee of 13% (inc GST)
Darwin Council rates of $1440
Body Corp $1225 per qtr total (includes insurance, water, onsite caretaker and more)

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 2021 rental figure, please note, Photos are supplied under agreement by DHA and are for illustration purposes only.

Lease: Minimum $550 a week to 1st August 2027 (annual reviews to increase)
Council Rates: $1,440 per annum (approx.)
Body Corp Rates: $1,150 admin $75 sinking per qtr
Year Built: 2016
Area Under Title: 122 square metres
Lease start date 02/08/2018
Lease end date 01/08/2027
Lease option 1 x up to 36 months
Right to vary 1 x up to 12 months reduction and 1 x up to 12 months extension

Note: The option and right to vary is at DHA’s discretion
DHA to make good any wear and tear before handing back property at lease end