Maryland NSW 2287

Maryland NSW 2287

$850,000.00

4 beds

2 baths

3 parking

LEASED TO DHA WITH OPTION TO FINISH DEC 2024 OR TAKE ON NEW 6 YR LEASE UNTIL 2030 + 3 YR OPTION

INVESTORS : This property is currently under lease to DHA (Defence Housing Australia) with guaranteed rent until December 2024 and for a short time investors can take advantage of the new lease offered. The new 6-year lease has an additional 3-year option which will take the property right through until December 2033! Should the new owner choose to live in at the end of the DHA lease in 2024, the property will be repainted and recarpeted, at DHA's expense.

Built approximately 2006 and currently rented at $630pw this investment equals "peace of mind" due to secure DHA lease, guaranteed rental income paid monthly in advance and other extensive benefits of the DHA Property Care Services.

CURRENT GROSS RENT 2022 - $630pw and adjusted annually to market value.

LEASE DETAILS :
* Current lease dates: 21/12/2006 - 20/12/2024
* Lease end date: 21/12/2024 - 20/12/2030
* Lease option: 1 x up to 36 month option
* Right to vary: 1 x up to 12 month extension or reduction
* All options and extensions are in DHA's favour

Strong cash flow is a key ingredient to making a sound investment, whilst independent residential leased properties are vulnerable to fluctuating demand and potential unstable flow of rent, there is no risk of vacancy costs with your DHA property. If the property is without a tenant, for a period of time, DHA will continue to pay the rent while it's vacant.

Set on an 701sqm block, the property features 4 bedrooms and 2 bathrooms. Multiple living zones include a spacious tiled family/dining and a carpeted lounge area. The versatile kitchen incorporates plenty of cupboard space and includes a stainless steel oven and gas cooktop plus small breakfast bar.

The double garage provides internal access. Other features include double side access to the fully fenced backyard making it easy to store away caravans, boats and trailers, security screens to window and doors, rainwater tank and well established, low maintenance garden.

PROPERTY FEATURES:
* 4 bedrooms / 2 bathrooms
* Master bedroom, air conditioned, BIR and en-suite
* Open plan tiled family/meals, kitchen and air-conditioned
* Separate carpeted lounge area
* Double auto garage with internal access
* Established gardens
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout
* Convenient side access to backyard for trailers and boats
* Water tank in backyard
* Built approx. 2006
* Council Rates - Approx. $2,020.00 per annum
* Water Rates - Approx. $730.00 per annum (water usage reimbursed by DHA)

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

* 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.
***The rent displayed is the 2022 rental figure***