Address available on request

This is a perfect opportunity for a smart investor in the 2025 property market. This property has a DHA (Defence Housing Australia) lease in place until 2028. Located on a quiet, corner block in the Bluewattle Estate in Rasmussen, one of Townsville's family friendly estates with plenty of recreational parks, walking tracks, convenience to shopping centres and public transport.

The kitchen is the heart of the home and offers plenty of bench space and quality appliances and connects the property throughout. The open plan living areas are light and bright, with plenty of space for the whole family. All four bedrooms have air-conditioning, fans and built-ins, with the master suite having a spacious ensuite for privacy. Completing the home is an additional lounge room or home theatre, double bay garage on a fully fenced 606 sqm block.

A DHA lease offers the new owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package and an annual independent professional rental valuations and adjustments, all of which are designed for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. At lease end the home is repainted at DHA's expense before being handed back for you to move in, rent out privately or sell. You can also choose to discuss DHA's requirements for the home on a longer-term basis with the potential for a new lease. You're also free to on sell to another investor at any time during the lease.
LEASE DETAILS: * Lease end date 05/02/2028 (variation engaged) CURRENT GROSS RENT for 2025: $520pw and adjusted annually based on the assessment from an independent professional valuer based on comparable rentals.

Property Features

• Modern low-set block home (built 2015)
• Four bedrooms, all with air-conditioning and built-in robes
• Master bedroom includes ensuite and air-conditioning
• Additional lounge room or home theatre
• Air conditioning throughout the entire home
• Double lock-up garage with internal access
• Security screens throughout
• Outdoor patio/entertaining area
• Fully fenced 606 sqm corner block
• Townsville City Council rates: approx. $3,012.44 per half year

DHA Lease Benefits

• Guaranteed Rent - Rent is paid continuously, even if the property is vacant
• Long-Term Leases - Typically range from 6 to 12 years for financial stability
• Quality Properties - DHA only leases properties that meet strict standards and suitability criteria
• Property Care Contract - DHA manages and maintains your property as part of their care service
• Vacancy Management - DHA handles tenant move-ins/outs and general maintenance during vacancies
• Lease & Repair Service - Covers most non-structural repairs and 'like-for-like' appliance replacements
• Emergency Repairs - DHA coordinates and invoices additional costs if needed
• Inspections & Reporting - Regular inspections with detailed reports provided
• Rent Reviews - DHA periodically engages a licensed valuer to assess and adjust rent

Investment Details

• Property is sold with an existing DHA lease in place
• Owners cannot occupy the property until the lease term ends
• Sale is on behalf of a DHA lessor with an active DHA Lease Agreement

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 Lukas Syer-Sailor from Whaites + Co on 0403 350 895.

In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be coordinated by the agent with the tenants with 48 hours' notice provided. All information (including but not limited to the property area, floor size, price, address and general property description) on online advertising is provided as a convenience to you and has been provided to Whaites + Co by third parties.