North Lakes QLD 4509

North Lakes QLD 4509

Offers Above $659,000

3 beds

2 baths

2 parking

LEASED TO DEFENCE HOUSING. CURRENT RENT $600PW.

INVESTORS : This terrific property offers astute investors a great opportunity for good capital growth. Owned independently & currently leased to Defence Housing on a long term lease which expires in 2024 with a 3 yr option that could take it through until 2027. Currently renting at $600PW with the annual rent review due again in December. The home has all the elements of a strong investment with potential for even longer term leasing to DHA according to their requirements at the end of the current lease.

Conveniently located a short drive to multiple facilities and retailers making it a very handy location. Just minutes from the local childcare & schools, parks and Westfield, Costco and IKEA and perfect for day trip to Sunshine Coast beaches.

You will receive guaranteed rent from DHA that will provide an ongoing income stream into the long term. The DHA lease offers the new owners guaranteed income, resulting in stress-free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, great for superannuation funds, or for those starting their property portfolio and looking for a safe and secure option to get started.

With Queensland still experiencing positive growth and some of the highest rental yields in the country, and vacancy rates at all all time low now is the time to invest in the region.

LEASE DETAILS :
* Lease edition : 6B
* Lease start date : 26/09/2012
* Lease end date : 25/09/2024
* 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
* Note: The option and right to vary is at DHA’s discretion.

CURRENT RENT for 2023 : $600PW and assessed annually by independent valuers.

PROPERTY FEATURES:
* 3 Bedrooms
* Good size bedrooms inc. Main with Air conditioning, Built in robe and ensuite
* 2 separate Air conditioned living areas
* Modern kitchen with ample bench and storage space, Air conditioned Living/dining
* Study Nook
* Outdoor Alfresco dining/entertaining area with sliding doors to kitchen/dining
* Double lock up garage internal access to the home
* Security screens throughout
* 400 sqm block
* Quiet & convenient neighbourhood
* 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 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

RATES :
Council approx $TBC
Water approx $TBC

** Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place and as such we are unable to publicly advertise the property address. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection or discuss the benefits of investing in DHA please contact your Defence Housing Panel Agent, Sharon Richter 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 Floorpan, 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.