Medowie NSW 2318

Medowie NSW 2318

Range $780,000 to $800,000

4 beds

2 baths

2 parking

EXCELLENT LOCATION. DHA RENTAL INCOME GUARANTEED UNTIL 2025 + 3-YEAR OPTION TO EXTEND.

INVESTORS take note, this DHA (Defence Housing Australia) investment property is set on a 554sqm block and situated in the high demand suburb of Medowie. The property is currently under lease to DHA (Defence Housing Australia) with guaranteed rent until March 2025 with a 3 year option that could take it through until 2028!

LEASE FEATURES :
* Lease start date: 01/04/2019
* Lease end date: 31/03/2025
* Lease option: 3 year option to extend available
* Right to vary: 1 x up to 12 months reduction and 1 x up to 12 months extension
* Important Note: The 36 month option and 12 month right to vary are at DHA’s discretion.

CURRENT RENT 2024 - $650 PW and adjusted annually based on the assessment from independent professional valuer.

RATES: Council and Water Rates approx. $2,552 per annum (water usage reimbursed back to owner by DHA)

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.

PROPERTY FEATURES:
* 4 bedrooms / 2 bathrooms
* Master bedroom, air conditioned, large BIR and en-suite
* Open plan tiled air-conditioned family/living and dining
* Double auto garage with internal access
* Access to backyard via roller door from garage
* Established gardens
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout

BUYING DHA : The Defence Housing Australia lease offers the owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package, & annual independent 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. During the lease the property will be may be eligible for a repaint & recarpet at DHA's. At Lease end DHA have an extensive make good program to ensure your home is handed back in tip top condition.

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

** A note for Owner Occupiers - This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can’t be occupied by the owner/s until the lease ends **

***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 must be co-ordinated by the agent with the tenants.

Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a floorplan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.