SoldNov 4, 2024

Foambark Street Mcdowall QLD 4053

$655,000

3
2
1
177 m²

Townhouse

30+ days on the market

Sold: Nov 4, 2024

ENTRY LEVEL INVESTING IN BRISBANE MARKET - DHA LEASED UNTIL 2027. RENT $640PW.

INVESTORS : Located just 10km from the Brisbane CBD and built in 2015 this modern townhome offers investors the opportunity to enter the Brisbane market with a assurance of guaranteed rent from DHA (Defence Housing Australia) and a long lease until 2027. Featuring 3 spacious bedrooms + separate study or multi purpose room, over 2 levels with an open plan kitchen which flows through sliding glass doors to the undercover outdoor entertainment area and yard. Located in a quiet complex with access to all the important amenities including McDowall State School, local shops and cafes, and Westfield Chermside within close proximity. GROSS RENT FOR 2024: $640pw and adjusted annually based on the assessment from independent professional valuer. DHA LEASE DETAILS : * Lease start date: 19/06/2015 * Lease end date : 18/06/2027 * Lease option: Used * 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. 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 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. COUNCIL RATES: Approx $430 Per Quarter WATER RATES: Approx $330 Per Quarter BODY CORP FEES : Approx $2240 Per annum ABOUT MCDOWALL : McDowall beckons with its peaceful ambience and excellent liveability, all within easy reach of Brisbane's bustling heart. This leafy suburb, just 10km north of the CBD, offers a charming village atmosphere with convenient access to Westfield Chermside for all your shopping needs. Parks and green spaces abound, perfect for families and nature lovers, while excellent schools solidify McDowall's position as an ideal place to call home. 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 coordinated 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 Floorplan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.

Seller's review

over 1 year ago

A smooth, excellent experience

I found Sharon and her colleagues very knowledgeable when it came to the market, behaviour of buyers, and the DHA mid-lease sale process. They kept me well-informed throughout the sale. I occasionally sought advice from Sharon, and I trusted the opinions she shared. The price we ended up achieving was very satisfying. I really have nothing negative to say. Overall, I found selling with Sharon and the team was an excellent experience, and I would highly recommend them.

M
Malcolm Collins
Seller

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