Kensington VIC

• APARTMENT
• 3 bedrooms
• 2 bathrooms
• 1 car space

PERFECT INVESTMENT, GREAT LOCATION & A LONG LEASE TO DEFENCE HOUSING. 6.5KM TO MELBOURNE CBD.

INVESTORS: This unique investment opportunity presents an exceptional and rare chance for those seeking a secure investment with guaranteed rental income from Defence Housing Australia (DHA). The current lease is secured until 2028, with an additional option of 3 years, making it a sound choice for savvy investors.

Located in a stylish lifestyle precinct, this remarkable three-bedroom, two-bathroom apartment on the second level embodies modern elegance and effortless living. Part of a stunning riverside development, this chic apartment offers residents breathtaking views of Melbourne city and Maribyrnong river.

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 apartment will be fully 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 start date 08-02-2022
* Lease end date 07-08-2028
* Lease option 1 x 3 year option
* 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 2025: $675pw and adjusted annually based on the assessment from independent professional valuer.

PROPERTY FEATURES:
* Modern 2nd level apartment
* Three double bedrooms all with built in robes
* Master Bedroom with private ensuite
* European style laundry
* Fully appointed kitchen with stainless steel appliances, stone bench tops and dishwasher
* Open plan lounge/dining opening out on to your own private balcony.
* Double-glazed windows
* Ducted heating/cooling
* Secure basement car space
* Storage cage
* Heating and cooling throughout
* Finished to the highest quality with luxury fittings and fixtures throughout
BUILDING FEATURES;
* Landscaped roof top terrace with BBQ facilities, views of the Melbourne skyline, Maribyrnong River and Flemington Racecourse
* Secure entrance with intercom

* Council & Water Rates - TBC
* Body Corp fees - TBC

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.

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