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 $650 per week for this four bedroom ensuite plus study home with two 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% GUARANTEED rent increases will be:
1st January 2018: $666.25 per week
1st January 2019: $682.91 per week
1st January 2020: $699.98 per week
1st January 2021: $717.48 per week
(all projections approximate)
(These figures presume DHA will exercise the first three year option)
On offer is this gorgeous, contemporary four bedroom ensuite plus study home built by Prestige Building Services to exacting standards, with a different floor plan to other DHA properties.
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 huge walk-in robe and spacious ensuite. The remaining three bedrooms are all generously sized with built-in wardrobes, and the study is a room itself to close the door if you need to work. 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.
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 four bedroom ensuite plus study home
- Executive residence built by Prestige Building Services
- Separate formal lounge room with coat cupboard
- 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
- Master ensuite and huge walk in robe
- Three remaining bedrooms each with built in robes
- Separate closed room identified as the 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 Lease: 21/12/2006 to 20/12/2018
Lease options: Three x up to 36 months option (9 years)
Right to Vary Available: 1 x up to 12 months reduction
Gross Rent: $650 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%
Living Area: 184.3m2
Garage: 43.8m2
Alfresco/Pergola: 23.4m2
Total Residence: 351.5m2
(All measurements approx.)
EER: 4
Land Size: 503 m2
UV: $387,000 (approx.)
Land Tax: $3,717 pa (approx.)
Land Rates: Rates $2,361 pa (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.
