INVESTORS: This property represents a perfect opportunity for a savvy investor. Currently rented at $870 PW with a current DHA (Defence Housing Australia) lease in place and rent guaranteed until the end of the lease which has just been extended right through until 2031 plus an option for up to 3 year more - which could take it through until 2034!
Situated on a generous 697 sqm block and perfectly positioned across the road from a seasonal creek in the sought-after central location of Redlynch "Springbrook Estate" in the thriving tropical North Queensland city of Cairns.
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 is repainted and 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 onsell to another investor at any time during the lease.
LEASE DETAILS :
* Lease dates 28/04/2025 - 27/04/2031
* Lease option 1 x 36 months
* 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 GROSS RENT for 2026: $870pw and adjusted each December according to an independent professional valuation using comparable rentals.
PROPERTY FEATURES:
* Tropical style, modern lowset home
* 4 Large Bedrooms including Master Bedroom with Ensuite, Walk in Robe and Air Conditioning
* Bedroom 2 features walk in robe
* Open plan Kitchen/Family and dining which opens out to large undercover patio overlooking inground pool
* Modern Kitchen with stone Benchtops, gas cooking, stainless appliances and ample storage
* Air conditioning throughout
* Ceiling fans throughout
* Double lock up garage with internal entry
* Security Screens
* Double gate side access for vehicles,
* Rear fenced yard
* Garden shed
* Spacious 697sqm block
* Council & Water rates combined - Approx $1,725 Paid Half yearly.
(Water usage can be claimed from DHA)
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.
