North Lakes QLD 4509

North Lakes QLD 4509

$689,000 Plus

3 beds

2 baths

2 parking

INVEST IN DEFENCE HOUSING - NORTH LAKES, BRISBANE.

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 2026 with a 3 yr option that could take it through until 2029. 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.

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 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 & recarpeted 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 sell to another investor at any time during the lease.

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 : 11/04/2011
* Lease end date : 10/04/2026
* 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 2024 : $575PW and adjusted each January to realign with current market rent through an independent professional valuation.

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
* Tandem/Double lock up garage internal access to the home
* Security screens throughout
* 578 sqm block
* Quiet & convenient neighbourhood
* 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 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

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

** 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.