Mallabula NSW

• DUPLEX
• 3 bedrooms
• 2 bathrooms
• 4 car spaces
• Approx 460 Square metres

DHA INVESTMENT IN BEAUTIFUL PORT STEPHENS, LEASE END 2030 + 3YR OPTION TO EXTEND

This is an outstanding opportunity to secure a quality residential investment in a highly sought-after Port Stephens area, with the added benefit of a long-term Defence Housing Australia (DHA) lease already in place.

Positioned in peaceful Mallabula, 13 Essendene Gardens offers investors the potential for reliable rental income, providing an attractive hands-off investment proposition from day one. The existing DHA lease provides a structured tenancy arrangement, making this property particularly appealing to investors seeking simplicity, security and long-term income.

Whether you're looking to diversify your portfolio or secure a long-term residential investment, 13 Essendene Gardens combines the appeal of a well-positioned property with the benefits of an existing DHA tenancy arrangement.

WHY INVEST IN PORT STEPHENS?
Port Stephens is an attractive investment location due to its population growth, diverse employment base and strong defence presence centred around RAAF Base Williamtown and Newcastle Airport. Ongoing infrastructure investment, an established tourism economy, and proximity to Newcastle and the wider Hunter region support future growth and housing demand. Combined with its beaches, waterways, national parks and appealing coastal lifestyle, the region offers strong long-term potential for both rental demand and capital growth.

PROPERTY FEATURES:
* 3 bedrooms, 2 bathrooms, 2-car garage
* Built approx. 2023/24
* Open-plan living and dining, with contemporary coastal style
* High cathedral ceilings with exposed timber beams
* Designer kitchen with stone benchtops, quality appliances and large breakfast bar
* Covered alfresco area adjoining the living/dining space.
* Large master bedroom with air con, walk-through robe and oversized ensuite with double vanities
* Built-in wardrobes in all bedrooms
* Air conditioning and ceiling fans throughout
* Fully fenced, low-maintenance backyard
* Double lock-up garage with internal access
* Very close to the waterfront, approx. 300 metres
* Safety screens throughout

Currently rented at $700pw, this DHA investment property's rental income is assessed periodically and rental income is secure until the end of the lease.

This investment equals "peace of mind" from a long lease, secure rental income paid monthly in advance and other extensive benefits of the DHA Property Care Services.

LEASE DETAILS :
* Lease start date: 26/08/2024
* Lease end date: 25/08/2030
* Lease option to extend by 3-years: Available
* Right to vary: Not Applicable
* All options/extensions are in DHA's favour
* Current Gross rent $700pw and reviewed periodically
* Council and Water Rates - approx. TBC per annum

DHA LEASE BENEFITS:
* Make good provision - repaint (internal and external) and recarpet at lease end
* Secure rent paid on time every time regardless of whether the house is tenanted
* Periodic 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 secure rental income 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 on 0414 207 279 (we are required to provide DHA tenants 72 hours notice for inspections). In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers, that is those with pre-approved finance.

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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