Thornton NSW

Thornton NSW

  • HOUSE
  • 4 bedrooms
  • 2 bathrooms
  • 2 car spaces
  • Approx 560 Square metres

SPACIOUS HOME IN A QUIET STREET. GUARANTEED RENT FROM DHA UNTIL NOV 2025. CURRENT RENT $500PW.

This large 4-bedroom, 2-bathroom DHA investment property is situated in a quiet street and offers plenty of space both inside and out. The main bedroom has a WIR and ensuite, the remaining three bedrooms all have BIR's. The living space features open plan kitchen, with gas cooktop and breakfast bar, family and dining with a separate family room. Other features include reverse cycle air conditioning, DLUG with internal access, full security screens and an easy maintenance 560 sqm allotment.

Thornton is a great suburb with easy access to the freeway heading North and South, out to the Hunter Valley Wineries, Port Stephens and into Newcastle. Thornton has a small shopping center and Stockland Greenhills is the closest shopping center complex approx. a 10 mins drive. Thornton Public and Francis Greenway High are two schools located within this suburb.

Built approximately 2005 and currently rented at $500pw, assessed annually and rental income guaranteed to be paid weekly, without fail until the end of the lease.

PLEASE NOTE: DHA has provided a Letter of Offer which extends the lease on this property a further 3-years with an additional 3-year option to extend, a new lease agreement will be put in place prior to the lease end expiry date in Nov 2022.

PROPERTY FEATURES:
* 4 spacious bedrooms / 2 bathrooms
* Master bedroom with WIR and en-suite
* Spacious open plan living and dining area
* Large versatile kitchen overlooking with gas cooktop
* Separate family area
* Tiled living and carpeted bedrooms
* Separate laundry
* Air-conditioning and heating plus ceiling fans throughout
* Undercover outdoor entertaining area
* Safety screens throughout
* Double lock up garage
* Large fully fenced backyard with water tank
* Council & Water Rates approx. $2,930 per annum (water usage reimbursed by DHA)

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

LEASE DETAILS :
* Lease Edition: Edition 5b
* Lease start date: 12/11/2007
* Lease end date: 11/11/2022 (see below for changes to the lease end date based on the Letter of Offer)
* Lease option: Used
* Right to vary: Used
* All options/extensions are in DHA's favour
* Current Gross rent $500pw and reviewed annually each December
* Built approx. 2005

Under the Letter of Offer, new lease details will be as follows:
* Lease Term: 3 years
* Lease Start Date: 12 November 2022
* Lease End Date: 11 November 2025
* Variable Extension Period: 36 months

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.
***The rent displayed is the 2021 rental figure, please note, DHA has recently performed a rent revaluation on this property. Please enquire with the agent to confirm the 2021 rental figure***

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$3,078

Estimated monthly repayments based on advertised price of $710000.

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