INVESTORS ONLY: This large 4-bedroom, 2-bathroom DHA (Defence Housing Australia) investment property is situated in a quiet street and offers plenty of space both inside and out. Currently offering investors an opportunity to continue with a new lease of 6 years + 3 year option, beyond the September expiry of the existing lease providing long term security to the incoming investor.
Built approximately 2010 and currently rented at $720pw, assessed annually, and rental income guaranteed to be paid weekly, without fail, until the end of the lease. The main bedroom, located at the front of the property, has a WIR and ensuite, the remaining three bedrooms include BIRs and are located close to the main bathroom with a separate shower and bath. The living space features an open-plan, gallery-style kitchen with a gas cooktop and a breakfast bar, which overlooks a large tiled family and meals area. A separate carpeted living room is also accessible from this space. Other features include ducted air conditioning, DLUG with internal access, full security screens, and an easy maintenance 581 sqm allotment.
LEASE DETAILS :
* Current Lease end date: 22/09/2026
* New lease option available : 22/09/2032 + 3 year option to extend
* Right to vary: 1 x up to 12 month reduction and 1 x up to 12 month extension
* All options/extensions are in DHA's favour
* Current Gross rent $720pw and reviewed annually each December
* Built approx. 2010
* Council Rates approx. $2,535 per annum
* Water Rates approx. $237 per qtr. (water usage reimbursed by DHA)
Thornton is a great suburb with easy access to the freeway heading North and South, out to the Hunter Valley Wineries, Port Stephens, and into Newcastle. Thornton has a small shopping center, and Stockland Greenhills is the closest shopping center complex, approximately a 10-minute drive. Thornton Public and Francis Greenway High are two schools located within this suburb.
PROPERTY FEATURES:
* 4 spacious bedrooms / 2 bathrooms
* Master bedroom with WIR and en-suite
* Spacious open plan living + kitchen
* Large, versatile kitchen with gas cooktop
* Separate living area
* Tiled family area, carpeted bedrooms, and living space
* Separate laundry
* Ducted air-conditioning
* Undercover outdoor entertaining area
* Safety screens throughout
* Double lock-up garage
* Large fully fenced backyard with water tank
* Council Rates approx. $2,535 per annum
* Water Rates approx. $237 per qtr. (water usage reimbursed by DHA)
* NOTE: DHA Offer Letter - has been provided, which will extend the lease to 22/09/2032 + 3 year option to extend
This investment equals "peace of mind" from a long lease, guaranteed rental income paid monthly in advance, and other extensive benefits of the DHA Property Care Services.
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 is 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
These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of a rental guarantee and a no-fuss investment property; let DHA do all the hard work for you.
*** 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 Jenny Andrew of Hudson Property Agents on 0414 207 279 (we are required to provide DHA tenants 72 hours' notice for inspections). In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers, that is, those with pre-approved finance.
Information provided above has been obtained from various sources, which we believe to be accurate; however, Hudson Property Agents accepts no liability for any errors or omissions, including but not limited to a floorplan, 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.
