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 January for the next 5 years - and the rent right now is already a fantastic $620 per week for this five bedroom ensuite home. That means in 2021, if the right to vary is exercised, the rent will be $684.36 per week.

This 247m2 (approx.) five bedroom ensuite home was built to exacting standards. The formal lounge and dining room offers segregation from the remainder of the home, with the open plan second living area comprising of a meals area and family room adjoining the well-equipped kitchen. Outdoor entertaining will be a delight outside with the pergola. The master bedroom has its own ensuite bathroom and walk through robe, while the four other bedrooms all have built in robes.

Imagine not having to worry about market fluctuations - your next four years of 2.5% rent increases will be:
1st January 2018: $635.50 per week
1st January 2019: $651.39 per week
1st January 2020: $667.67 per week
1st January 2021: $684.36 per week (if DHA exercise the right to vary)

Note: for DHA purposes, this home is classified as a four bedroom ensuite home with study.

Contact Christine Shaw to arrange a private viewing appointment.

Features include:

- Guaranteed 2.5% yearly increase in rent with 5 yearly market review
- 2004 Executive residence totalling 247.58m2
- Two internal living areas and outdoor living
- Master bedroom with walk through robe and ensuite bathroom
- Four other bedrooms all with built-in robes
- Feature planter box from entrance to formal living
- Formal lounge and dining
- Separate meals and family room
- Fantastic kitchen with plenty of bench space
- Stainless steel appliances with range hood and gas cook top
- Ducted gas heating
- Evaporative cooling
- Outdoor under cover pergola area
- Low maintenance garden
- Double garage with internal access

Living: 185.81m2
Garage: 36.88m2
Pergola: 20.20m2
Verandah: 4.69m2
Total Residence: 247.58m2 (approx.)

EER: 3.5
Land Size: 520m2
Land Rates: $2059 pa (approx.)
Land Value: $312,000
Land Tax: $2942 pa (approx.)

DHA Lease: 12/04/2006 to 11/04/2020
Lease Option: Already exercised
Right to Vary Available: 1 x up to 12 month reduction or extension
Gross Rent: $620 per week with annual increases of 2.5% and 5 yearly market review
Management Fee: 16.5% (inc GST)

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.