This DHA investment property is situated in popular Medowie and offers plenty of space both inside and out. With 3 spacious bedrooms, and a potential 4th bedroom/study, it includes 2 bathrooms and a versatile kitchen which overlooks a large open family area. Also included is a dining/living space, located at the front of the property, the living area can easily be used as a parents retreat. A large, fully fenced, backyard provides plenty of space for the kids to play and a large lock up shed offers additional storage space.
This property is currently on a DHA (Defence Housing Australia) lease until April 2021 at which time the new owners can move in, rent out or sell after the end of lease make good. It offers the astute buyer a no-fuss, stress-free investment with rental income guaranteed every week by DHA. Conveniently located close to the Medowie shopping complex, Medowie Christian and Medowie Primary School, and a short 15-20km drive to some of the most amazing beaches in the Newcastle/Port Stephens area.
Built approximately 2000 and currently rented at $460pw, assessed annually and rental income guaranteed (until the end of the lease), zero re-letting fees, insurances, repairs and maintenance included, astute investors will reap the benefits a secure DHA lease has to offer.
PROPERTY FEATURES:
* Low set and low maintenance brick home
* 3 large bedrooms incl. main with ensuite, WIR
* 4th bedroom or study
* Air conditioning and ceiling fans throughout
* 2 separate living areas incl. family and separate living/dining area
* Tiled living and carpeted bedrooms
* Safety screens throughout
* Outdoor covered patio
* Double lock-up garage with internal entry access
* Built approx. 2000
CURRENT LEASE FEATURES :
* Lease edition: Edition 6
* Lease start date: 19/04/2012
* Lease end date:18/04/2021
* Lease option: Used
* Right to vary: 1 x up to 12 months extension and 1 x up to 12 months reduction
* Note: The option and right to vary is at DHA’s discretion.
CURRENT RENT : $460pw and assessed annually.
DHA LEASE BENEFITS:
* DHA guarantee to pay the rent even if the property is vacant
* 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).
* A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions & applies to commencement rent).
These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of 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 Jennifer Andrew of Hudson Property Agents - the Defence Properties specialists.
* In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
* Photos are supplied under agreement by DHA & not been taken for the purpose of marketing.
