Wickham NSW 2293

Wickham NSW 2293

$580,000.00

1 beds

1 baths

1 parking

HEART OF NEWCASTLE, APARTMENT INVESTMENT LEASED to DHA UNTIL 2031 WITH 3YR OPTION TO EXTEND

INVESTORS TAKE NOTE: This modern elegant 1-bedroom apartment located in the heart of Newcastle at Wickham and it is an affordable entry into the DHA (Defence Housing Australia) investment property market. Currently leased to Defence Housing (DHA) on a long term lease which expires in Sept 2031 with a 3 yr. option to extend that could take it through to Sept 2034!

This contemporary property offers the perfect blend of style, convenience and comfort. With a spacious open plan design, high quality finishes and a coveted location this apartment is bound to impress. The apartment features a sleek and functional kitchen. The open plan living/dining area is flooded with natural light. The bedroom is generously sized and boasts a large WIR, and the modern bathroom has dual access from the bedroom and the living space. Tucked neatly into the bathroom is an internal laundry. This property also features a large balcony which can be access from the living area and the bedroom and a secure underground parking space.

A short stroll to Wickham Foreshore, it's close to Newcastle CBD and the entertainment hub of Honeysuckle, Newcastle Rail Interchange, cafes, restaurants and pubs are also located close by.

PROPERTY FEATURES:
- 1 bedroom with large walk-in-robe
- Beautifully designed large open plan kitchen and living space
- Ultra modern finishes throughout including air conditioning
- Floor boards in living spaces and carpeted bedroom
- Combined bathroom and laundry facilities
- Spacious bedroom with large WIR and access to balcony
- Large balcony accessed from living area and bedroom
- Communal outdoor space including child play equipment, BBQ's and seating
- Small gym area
- Single car space with caged storage
- Intercom system at entry
- Built approximately 2019

The DHA (Defence Housing Australia) lease offers the new owners guaranteed income, resulting in stress free investing, regardless of whether the property is tenanted. An investment property leased to DHA is a set and forget investment, ideal for all investors, purchase via a self-managed superannuation fund or start your property portfolio with this safe and secure option.

LEASE DETAILS :
- Lease Edition: Edition 6c
- Lease start date: 23/09/2019
- Lease end date: 22/09/2031
- Lease option: 1 x up to 36 months
- 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 Gross rent $550pw and reviewed annually each December
- DHA Property Care service fee 13% (including GST)
- Council rates (p.a.) approx. $1,339
- Water rates (p.a.) approx. $770
- Strata levy (p.a.) approx. $3,631

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non-structural maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees

These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no-fuss investment property; let DHA do all the hard work for you.

*** 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. In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.

Information provided above has been obtained from various sources from 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, build date, land size, floor plans and size, 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.