Excellent NETT RETURN OF 4.57 %. Rock Solid Defence Housing Lease until 15 October 2021 + 3 yr option. RARE 5 BEDROOM FAMILY HOME
Weekly Gross Rent - $ 520 or NETT $ 22,655.88 per annum.
What a great investment in this popular neighbourhood. Serious seller slashed price to offer a Nett return of 4.57 % - way better than the banks these days. Redlynch is a top class location for long term investment, conveniently located with several top choice schools, Redlynch Central Shopping Centre and Sporting Facilities and the popular family friendly Red Beret Hotel all nearby. Defence Housing Australia (DHA) has a guaranteed lease in place until 15th October 2021 so you can relax knowing everything is taken care of professionally until the end of your lease. This spacious 5 bedroom family home is located in a quiet street just a short stroll to the large local park or the shops, has mountain views from the back yard and is in a very popular family neighbourhood.
DHA Lease Summary
Lease edition: Edition 5B Lease start date:16/10/2009
Lease end date: 15/10/2021
PLUS OPTION -
• Option available – 1 x fixed 36 months
• Right to Vary – 1 x up to 12 months Reduction or Extension
Weekly Gross Rent - $520 or NETT ANNUAL RENT = $ 22,655.88 CLEAR AFTER D.H.A. MANAGEMENT FEES AND GST.
DHA Lease Edition 5B . ‘The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement)’. A copy of lease outlining DHA obligations can be provided for your review. Investing with DHA – This property is for sale on behalf of a DHA lessor and has a DHA lease in place. Visit dha.gov.au to learn about the benefits of investing in DHA property. In accordance with DHA regulations we advise that this property will be available for private inspection only and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.
Guaranteed rent is paid 52 weeks a year. Rent is paid a month in advance
Rent is reviewed in December every year by a registered valuer.
DHA Property Care maintenance package included
For an independent review of the Cairns market potential please click on this link for a recent report. https://m.yourinvestmentpropertymag.com.au/property-tips/cairns-a-golden-market-245392.aspx
- Living Areas2
- Land Area650m²
- Air Conditioning
- Built-in Wardrobes
- Fully Fenced
- Outdoor Entertainment Area
- Remote Garage
- Secure Parking
- Split System Air Conditioning