Elermore Vale NSW

• HOUSE
• 4 bedrooms
• 2 bathrooms
• 2 car spaces
• Approx 618 Square metres

DHA INVESMENT, RENTAL INCOME GUARANTEED UNTIL 2025 + 3YR OPTION TO EXTEND, $750 PER WEEK

INVESTORS : This modern 4 bedroom, 2 bathroom home offers the astute investor a great opportunity for good capital growth. Currently leased to Defence Housing (DHA) on a long term lease which expires in April 2025 with a 3 yr. option that could take it through until 2028!

The DHA (Defence Housing Australia) lease offers the new owners guaranteed income, resulting in stress free investing, regardless of whether the property is tenanted. An investment property leased to DHA is a set and forget investment, ideal for all investors, purchase via a self-managed superannuation fund or start your property portfolio with this safe and secure option.

Sitting in a prime location in Elermore Vale, just 13km from the heart of Newcastle and short 10 min drive to the shores of Lake Macquarie in Warners Bay. Plus, shopping hubs at Elermore Vale and Charlestown close by, the Cardiff train station is a mere 6km drive for those who commute to Sydney.

LEASE FEATURES
* Lease edition: 6
* Lease start date: 9/04/2019
* Lease end date: 8/04/2025
* Lease option: 1 x up to 36 months
* Right to vary: Not applicable
* All options and extensions are in DHA's favour
* CURRENT RENT for 2024: $750pw and assessed annually by independent valuers
* Important Note: The 36 month option and 12 month right to vary are at DHA’s discretion.

FEATURES:
* 4 bedrooms incl. master bedroom with air-conditioning, walk-in robe and ensuite
* Two large living areas one area carpeted and the other with floor boards
* Air conditioned open plan kitchen, meals, rumpus and family area
* Large undercover outdoor entertaining area accessed through glass sliding doors from living area
* Air conditioning and ceiling fans throughout
* Separate laundry
* Double Lock up auto garage with internal entry to the home
* Large garden shed in backyard
* Safety screens throughout
* Approx. 618 SQM of land
* Built approx. 2003

RATES :
Council & Water Rates combined approx. $4,500 per annum.

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 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 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. In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.

Information provided above has been obtained from various sources from 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, 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.

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