INVESTORS take note, this DHA (Defence Housing Australia) investment property is set on a massive 900sqm block.
Situated in high demand Pacific Dunes Estate, the suburb of Medowie is only a 30-minute drive to Newcastle CBD whilst also being in close proximity to Newcastle Airport and some of the most amazing beaches Port Stephens, and its surrounds, has to offer. It's a short stroll to the Pacific Dunes Green House Eatery, clubhouse, tennis courts and pool, plus the brand new Catherine McAuley Catholic college is only walking distance away.
Offering 3 bedrooms and two bathrooms, the master bedroom is conveniently positioned at the front of the property and has a spacious walk-in robe as well as a private en-suite. The remaining 2 bedrooms include built-in-robes and are zoned in close proximity to the family bathroom, which includes a separate shower and bath.
A modern gallery-style kitchen, with breakfast bar, overlooks a spacious tiled meals/family area and a separate carpeted lounge room is also located at the rear of the property. Glass sliding doors from the main living space provide access to the outdoor alfresco area and large, fully fenced, backyard. The property also includes side access to the backyard for trailers, boats, etc.
Built approximately 2010 and currently rented at $600pw, assessed annually and rental income guaranteed to be paid weekly, without fail until the end of the lease.
LEASE DETAILS :
* Lease start date: 10/11/2010
* Lease end date: 9/11/2025
* Lease option: 1 x up to 36 months
* Right to vary: 1 x up to 12 month reduction and 1 x up to 12 month extension
* All options/extensions are in DHA's favour
CURRENT RENT FOR 2023 : $600pw updated to market value at the start of each year.
PROPERTY FEATURES:
* 3 bedrooms / 2 bathrooms
* Master bedroom, air conditioned, WIR and en-suite
* Open plan tiled family/meals, kitchen and air-conditioned
* Separate carpeted lounge area
* Study nook
* Gallery style kitchen with stainless steel appliances
* Double auto garage with internal access
* Established gardens
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout
* Convenient side access to backyard for trailers and boats
* Access to Pacific Dunes amenities including swimming pool, tennis courts and family BBQ area
* Built approx. 2010
* Council and Water Rates approx. $2000 per annum (water usage reimbursed back to owner by DHA)
* Community Strata Fees - $105.00 per qtr.
DHA LEASE BENEFITS:
* Guaranteed rent paid in advance, even when the property is vacant
* Annual market rent review service (conducted by an independent licensed valuer)
* Online services portal to view and manage your property
* The lessor will be entitled to a lease-end make-good which includes new paint and carpets (refer to the DHA Lease Agreement)
* Property Care program - DHA are responsible for organising and covering the cost of most non-structural repair and maintenance works, including the replacement of fixed appliances as needed
* Tenancy management - DHA take the pressure off managing the tenants, you do not have to inspect the property (however, this can be arranged on request)
* Emergency repair - in the event of emergency DHA will act quickly on your behalf
* Zero re-letting fees
These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no fuss investment property; let DHA do all the hard work for you.
* 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 Jenny Andrew of Hudson Property Agents on 0414 207 279.
**In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
*** Photos supplied by DHA for the purposes of marketing the property
**** Weekly rent quoted is for 2023 as per 2022 rental assessment completed in December
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