Ferny Grove QLD 4055

Ferny Grove QLD 4055

Offers Above $889,000

4 beds

2 baths

2 parking

BLUE CHIP INVESTMENT IN FERNY GROVE, BRISBANE. LEASED TO DHA UNTIL 2028! 13 KM TO CBD.

INVESTORS : This modern four bedroom home is located in the well established suburb of Ferny Grove just 13km from the Brisbane CBD and situated close to Ferny Grove State School, the local child care centre and 5 minutes drive to the Ferny Grove Train Station.
With the Brisbane property market recording record growth and predictions that this trend is set to continue for some time, now is the time to lock down your investment in the state.
Investors will love the security of the long term lease in place with DHA (Defence Housing Australia). Currently leased until 2028 and returning $775pw in rent and assessed again at market value in December. A DHA (Defence Housing Australia) lease offers the new owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package, & 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 edition Lease Edition 6B
* Lease start date 11/06/2013
* Lease end date 10/06/2028
* Lease option Used
* Right to vary 1 x up to 12 months reduction and 1 x up to 12 months extension
* Note: The option and right to vary is at DHA’s discretion.

CURRENT RENT for 2024 : $775PW and adjusted each December according to an independent professional valuation
2024 $775PW

FEATURES :
* 4 bedrooms, inc master with WIR, AC & Ensuite.
* Open plan family, dining and kitchen with sliding glass doors to an outdoor undercover area. Separate lounge.
* Ceiling fans throughout with Aircon to master, main living and kitchen/dining
* Security grills to windows and doors
* Double lock up garage with remote control entry and internal access to the home and rear yard
* 497SQM block with fully fenced rear yard.
* 13km to Brisbane CBD
* Built approx 2010

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most nonstructural 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.

RATES :
Council approx : Approx $618 quarterly
Water approx : Approx $504 quarterly (less usage costs rebated by DHA)

If you'd like to know more about this property or would like to submit an offer please contact Sharon or Viv by clicking on the 'Contact Agent' button or calling anytime. We'd love to discuss your property needs. Hudson Property - "Property done properly".

** 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 Sharon Richter of Hudson Property Agents. 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.
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.