Address available on request

DHA Investment Properties are renowned as being excellent value for money with great returns - but the uniqueness of this lease will set it apart from others.

Imagine a guarantee increased every 1st July for the next 4 or 5 years - and the rent right now is already a fantastic $630 per week for this four bedroom ensuite home with three living areas. That means in 2020, if the right to vary is exercised, the rent will be $695.40 per week.

This 207.7m2 four bedroom ensuite home was built to exacting standards, with a different floorplan to other DHA properties. Upon entering the home, the large planter feature box separates the entry to the large formal lounge and dining room. Another meals area and separate family room adjoins the large central kitchen. Entertaining will be a delight with a third living area which could be used as a rumpus or theatre room or future bedroom 5, opening out onto the large covered pergola area. That's four living areas in total! Chefs will love the well equipped kitchen, with stainless steel appliances, gas cook top and a walk in pantry. The master bedroom has its own ensuite bathroom and walk through robe, while the three other bedrooms all have built in robes.

Contact Christine Shaw to arrange a private viewing appointment.

Features include:

- Guaranteed 2.5% yearly increase in rent
- 2004 Executive residence totalling 274.3m2
- Three internal living areas and outdoor living
- Master bedroom with walk through robe and ensuite bathroom
- Three other bedrooms all with built-in robes
- Feature planter box from entrance to formal living
- Formal lounge and dining
- Separate meals and family room
- Large home theatre or rumpus room or future 5th bedroom
- Fantastic kitchen with walk-in pantry and plenty of bench space
- Stainless steel appliances with range hood and gas cook top
- Ducted gas heating
- Evaporative Cooling
- Outdoor under cover pergola area off the rumpus room
- Low maintenance garden
- Double garage with internal access

Living: 207.7m2
Garage: 41.6m2
Pergola: 25.0m2
Total Residence: 274.3m2 (approx.)

EER: 5
Land Size: 517m2
Land Rates: $2070 pa (approx.)
Land Value: $317,000 (for 2015-2016)
Land Tax: $2971 pa (approx.)

DHA Lease: Lease End Date 11/04/2020
Lease Option: Already exercised
Right to Vary Available: 1 x 12 month reduction or extension
Gross Rent: $630 per week with annual increases of 2.5%
Gross Yield*: 5.04% (based on $650,000 sale price)
Management Fee: 16.5% (inc GST)
*Approx Gross Yield calculated on $650,000 sale price

This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to read about the benefits of investing in Defence Housing Australia property.