Somerville VIC

• HOUSE
• 4 bedrooms
• 2 bathrooms
• 2 car spaces
• Approx 820 Square metres

BLUE CHIP INVESTMENT DREAM - DHA LEASE UNTIL 2025 + 3YR OPTION. LARGE BLOCK.

INVESTORS : This terrific property offers the astute investor a great opportunity for good capital growth. Currently leased to Defence Housing on a long term lease which expires in 2025 with a 3 yr option which would take it through until 2028! Renting at $520 PW with the annual rent review due again in December. Conveniently located in a sought after area of Somerville, tucked away amongst beautiful surrounds, this wonderful home is within easy access to local primary and secondary schools, shopping centre and public transport.

A DHA (Defence Housing Australia) lease offers the new owners guaranteed rental income, resulting in stress free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option to get started.

PROPERTY FEATURES:
* 4 good size bedrooms inc Main with Walk-in robe and ensuite
* 3 Separate living areas - includes huge rumpus room
* Large outdoor entertaining area
* Gas ducted heating
* Double lock up garage with internal access
* Security Screens throughout
* Fully fenced flat rear yard
* Large 820 sqm block
* Built In 2004

LEASE DETAILS :
* Lease edition Lease Edition 6
* Lease start date 11/02/2019
* Lease end date 11/02/2025
* Lease option 1 x up to 36 months
* 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

RENT : $520PW and assessed again in December

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

RATES :
Council approx $1750 annually
Water approx $580 annually

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 Sharon Richter 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 Floorpan, 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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