DHA LEASED INVESTMENT PROPERTY – Circa 5.7% GROSS YIELD !
This well presented family home on a generous 730 sqm lot is leased to Defence Housing Australia (DHA) until 27 October 2024 at a current rent of $500 per week and is for sale on behalf of a DHA lessor. Located in the popular North Shore estate in the north Townsville suburb of Burdell, the property is close to an extensive range of facilities including schools, child care, shopping and recreation. This exceptional investment property offers a very attractive gross yield of circa 5.7%. The dwelling features 4 bedrooms, a central living area serviced by a well appointed kitchen, a second living room, laundry, family bathroom, separate toilet and a private outdoor entertaining area overlooking the fully fenced rear yard. Other features include: • Master bedroom includes an ensuite & WIR • Air conditioning and ceiling fans throughout • Tiled flooring and security screens throughout • Remote double lock up garage • Fully fenced yard with low maintenance garden • Proximity to North Shore commercial precinct DHA LEASE SUMMARY: Lease edition: Edition 6c Lease end date: 27/10/2024 Rent for 2023: $500 per week 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) DHA LEASE BENEFITS: - DHA guarantee to pay the rent 52 weeks per year even if the property is vacant. - Rent is paid a month in advance and is reviewed in December every year by an independent registered valuer. - DHA Property Care, an all-inclusive service fee, covers a range of property related services. - The property is cleaned at the end of each tenancy period. - The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement) Visit www.dha.gov.au to learn about the benefits of investing in DHA property. In accordance with DHA regulations we advise that this property will be available for private inspection and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only. To receive a copy of the Information Memorandum, or to arrange a private inspection, contact your DHA specialist agent at Place Projects, Dean Dederer on 0429 433 018 or deandederer@eplace.com.au
