Sale VIC 3850

Sale VIC 3850

$520,000 - $540,000

3 beds

2 baths

2 parking

INVESTORS. LEASED TO DEFENCE HOUSING UNTIL 2029 PLUS 3 YR OPTION!

** OFFER ACCEPTED**
INVESTORS : We are proud to present investors with this desirable home, currently under lease to DHA (Defence Housing Australia) until 2029 with a three year option that would take it through until 2032. Currently rented at $495 per week and assessed annually with an independent & professional valuation to obtain updated market rent, before being adjusted accordingly on the 1st of January every year.

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 would be handed back for you to do as you like - 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.

The city of Sale is located 220km South East of Melbourne, in Victoria's Gippsland region, and supports a capacity of approximately 700 RAAF personnel. The base plays a major role in training the next generation of Air Force personnel & with the Governments recent $400M upgrade the base is set to become the home of Defence Force aviation training for decades to come.

LEASE DETAILS :
* Lease edition 7
* Leased start date 22/01/2023
* Leased end date 21/01/2029
* Option available : 1 x up to 36 month option
* Right to vary : 1 x up to 12 months reduction and 1 x up to 12 months extension
* All options/extensions are in DHA's favour.

CURRENT RENT FOR 2024 : $495PW and adjusted each December according to an independent professional valuation.

PROPERTY FEATURES:
* 3 Spacious carpeted bedrooms
* Master suite with Walk-In robe, Air-conditioning and Ensuite
* Two living areas including a separate lounge
* Modern kitchen boasts stainless steel cooking appliances & ample storage and bench space.
* Evaporative cooling and gas ducted heating throughout
* Tiled family & meals area with double sliding doors opening to outdoor undercover alfresco dining area.
* Ceiling fans throughout
* Double lock up garage with internal access & drive through door to rear yard
* Security screens
* Spacious 800 sqm flat block.
* Built approx 2009

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most 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 $2250 PA
Water approx $900 PA

** 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 co-ordinated 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 Floorpan, 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.