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Offers Over $539,000
This is a perfect opportunity for a smart investor in the 2024 property market. This property has a DHA (Defence Housing Australia) lease in place until May 2027. Located on a quiet street in the Kalynda Chase development in Bohle Plains, now one of Townsville's most family friendly estates with tennis courts, walking tracks, convenience shopping 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 as there are TWO lounges, perfect to spread out for movies nights with friends and family. All four bedrooms have air-conditioning, fans and built-ins, with the master suite having a spacious walk in robe and ensuite for privacy. Completing the home is a double bay garage on a fully fenced 652 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 onsell to another investor at any time during the lease.
LEASE DETAILS:
* Lease start date 1/05/2012
* Lease end date 30/05/2027 (variation engaged)
CURRENT GROSS RENT for 2024: $520pw and adjusted annually based on the assessment from an independent professional valuer based on comparable rentals.
PROPERTY FEATURES:
- Modern lowset block home
- Four bedrooms, all with air-conditioning and built in robes
- Master Bedroom featuring walk in robe, ensuite & air-conditioning
- Two Separate living areas for the whole family to spread out
- Air conditioning throughout the home
- Double lock up garage with internal entry
- Security Screens
- Outdoor undercover patio/entertaining area
- Fully fenced 652 sqm block
- Built in 2010
- Townsville City Council rates approx $2,260 per half year
DHA LEASE BENEFITS:
-Guaranteed Rent - rent you can count on. Renting property always comes with the risk of not having a tenant, then its you versus the mortgage, which we don't want at all. With a DHA investment property, you are leasing the property direct to DHA who in turn then manages the ADF member. So if the property is vacant, DHA is still leasing it from you. The rent is accrued daily and paid in advance.. therefore automatically.
- Long Term Leases - can range from 6 to 12 years… so gives you peace of mind allowing you to set up and manage your budget with confidence. Standard civilian leases can be as little as 6 months, therefore a very different story.
- Quality Properties - this is where many investors can come unstuck. Before you go running off to realestate.com, DHA will not take on any property, far from it. They have a specific criteria and a needs assessment for the chosen location. Unfortunately, different ranks in the military, with different family dynamics can determine how many properties DHA will lease. This process allows only quality properties to be leased so the ADF member can be assured of a standard of living in all posting locations.
- Property Care - when DHA leases your property you will enter a Property Care Contract. This offers an expended service of how DHA will care for your asset.
- Vacancy Management - managing the occupant moving in and out of the property, whilst also carrying out general maintenance if the property is vacant.
- Lease and Repair - organise and cover most non-structural repairs. Includes 'like-for-like' replacement of fixed appliances.
- Emergency Repair - in this event, DHA will invoice the additional payment on top of the service fee.
- Scheduling and Facilitating - DHA will carry out periodic inspections and provide a report.
- Rent Review - periodically, DHA will engage a licensed valuer to provide a recommendation for the rent payable on the property
This property is sold with a DHA 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 Jess Whaites from Whaites + Co on 0423 398 849. 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.
463 Nepean Highway, Frankston VIC 3199
Call Jess Whaites on
0423398849
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