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, with 5 yearly market reviews. The rent right now is already a fantastic $680 per week for this five bedroom ensuite home with two living areas (or four bedroom ensuite home with three living areas). As well, this home has three x three year options (at DHA discretion) attached at the end of the lease period - offering a potential DHA income stream until 2027.
The next market review will be 1st January 2022. Imagine not having to worry about market fluctuations. Your next four years of 2.5% rent increases will be:
1st January 2018: $697 per week
1st January 2019: $714.42 per week
1st January 2020: $732.28 per week
1st January 2021: $750.59 per week
On offer is this gorgeous, contemporary five bedroom ensuite home built by Prestige Building Services to exacting standards, with a different floorplan to other DHA properties.
Upon entering the home, the large feature wall separates the entry to the large formal lounge and dining room. The living spaces provide plenty of room for both formal and informal entertaining, together with a well-equipped kitchen, complete with easy access to the back yard and outdoor entertainment areas. The king sized master bedroom suite (segregated from the other bedrooms) enjoys a walk-in robe and spacious ensuite. The remaining three bedrooms are all generously sized with built-in wardrobes, and the large fifth bedroom would be ideal as a third living area or study, with direct access to the pergola. The main bathroom has a separate bath, separate shower and a separate toilet. The well-equipped laundry has direct outdoor access, and there is internal access to the house from the double garage. Summers will be cool and winters warm in this stylish home as it is fitted with ducted gas heating and evaporative cooling.
The tenants have maintained the garden to a very high standard, and inside the home looks like a display home - so you can sleep well at night knowing your investment is taken care of.
Location-wise, you couldn't pick a better spot. With playing fields and open parkland only a minute's walk away, schools and local shopping nearby and Dickson and the City a short drive away. Nestled in a leafy area, close to reserves, wetlands and parks, be sure to consider this addition to your portfolio.
This Defence Housing Australia investment opportunity is unique. As the Inner North repeatedly shows in all the statistics, this property is located in a superb area with good capital growth, making it a positive tranquil retreat for the lucky owner at the end of the DHA lease.
Both Access Economics and BIS Shrapnel have done their assessments on DHA's 16.5% management fee, proving it is a better solution for property investors as it includes maintenance. Set and forget.
Contact Christine Shaw or Jane Ahern to arrange a private viewing appointment.
Features Include:
- Single storey five bedroom ensuite home
- Executive residence built by Prestige Building Services
- Feature wall at entrance, with separate formal lounge room
- Separate family room and meals area
- Stainless steel appliances with electric oven and gas cook top
- Large kitchen benchtops and corner pantry
- Master bedroom suite segregated from other bedrooms
- Ensuite and walk in robe
- Three remaining bedrooms each with built in robes
- Fifth bedroom option as third living area or study
- Main bathroom with separate bath and shower
- Ducted gas heating and evaporative cooling
- Large laundry with ample storage
- Quality tiling in kitchen and family areas
- Carpet throughout lounge room and bedrooms
- Low maintenance gardens
- Double garage with auto-opening door
- Private outdoor covered entertainment area
- Walk to bus, parks, shops, schools and future light rail
- Easy access to arterial roads
This DHA investment equals "peace of mind" from a long lease, guaranteed rental income paid monthly in advance, restoration provisions at lease end and other extensive DHA Property Care Services.
DHA End of Lease: 20/12/2018
Lease options: Three x 3 year option (9 years) at DHA discretion
Right to Vary Available: Minus 1 x 12 month reduction
Gross Rent: $680 per week with guaranteed 2.5% increase each year, with 5 yearly market review.
*Market Review Next Scheduled: 1st January 2022
DHA have advised that the 2.5% market increase would carry over into the option period, if that option is taken by DHA.
Management Fee: 16.5%
For DHA purposes, this home is rented as a four bedroom ensuite home with three living areas
Living Area: 199 m2
Garage: 41m2
Total Residence: 240 m2
(All measurements approx.)
EER: 4.0
Land Size: 518 m2
Land Value: $400,000 (2016)
Land Tax: $3868 pa
Land Rates: $2,420 pa
(all measurements/values approx.)
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.
