Fern Bay NSW
UNDER CONTRACT - 4 BEDROOM DHA INVESTMENT PROPERTY
This DHA (Defence Housing Australia) investment property is situated in a quiet coastal location within Fern Bay's Seaside Estate.
Well maintained and incredibly spacious, this property features 4-bedrooms and 2-bathrooms, a separate lounge room and an open plan meals/family area. At its heart, a versatile gallery style kitchen that includes plenty of cupboard space and breakfast bar.
The master bedroom, located at the front of the home, includes an en-suite and walk-in-robe, the 3 additional bedrooms include built-in-robes and are zoned in close proximity to the large family bathroom, which includes a separate shower and bath. Multiple living zones are perfect for creating contrasting living spaces, the lounge room is ideal as a kids retreat and the meals/family area allows for a more informal setting for the grown-ups. The property has split-system air conditioning and ceiling fans throughout.
The double garage provides internal access, the covered outdoor area is perfect for alfresco entertaining and is easily accessed through a large sliding door via the meals/family area. The property is fully fenced with a well established, low maintenance garden and features security screens to all window and doors.
Only a 20-minute drive to Newcastle CBD whilst also being in close proximity to Newcastle Airport, Newcastle Golf Club and some of the most amazing beaches Newcastle, and its surrounds, has to offer. Seaside Estate is also home to a number of parks, playgrounds, cycle ways and trails to the beach.
Built approximately 2010 and currently rented at $675pw, this DHA investment property offers the astute investor a no-fuss, stress-free investment with guaranteed rental income paid monthly in advance by DHA, plus it will benefit from DHA restoration work at the end of the lease, including new carpets and paint.
PROPERTY FEATURES:
* 4 bedrooms / 2 bathrooms
* Master bedroom, air conditioned, WIR and en-suite
* Open plan family/meals, kitchen and air-conditioned throughout
* Separate lounge area
* Tiled living and carpeted bedrooms
* Separate laundry
* Double auto garage with internal access
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout
* Low maintenance gardens
* Council Rates - Approx. $1,767 per annum
* Water Rates - Approx. $245 per qtr. (water usage is reimbursed by DHA)
* Community Strata Fees - Approx. $110 per qtr.
LEASE DETAILS :
* Lease start date: 30/08/2010
* Lease end date: 29/08/2025
* Lease option: Used
* Right to vary: 1 x up to 12 month reduction and 1 x up to 12 month extension
* All options/extensions are in DHA's favour.
* Current Gross rent $675pw and reviewed annually each December.
* Built approx. 2010
DHA LEASE BENEFITS:
* Guaranteed rent paid in advance, even when the property is vacant
* Annual market rent review service (conducted by an independent licensed valuer)
* Online services portal to view and manage your property
* The lessor will be entitled to a lease-end make-good which includes new paint and carpets (refer to the DHA Lease Agreement)
* Property Care program - DHA are responsible for organising and covering the cost of most non-structural repair and maintenance works, including the replacement of fixed appliances as needed
* Tenancy management - DHA take the pressure off managing the tenants, you do not have to inspect the property (however, this can be arranged on request)
* Emergency repair - in the event of emergency DHA will act quickly on your behalf
* 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 on 0414 207 279.
**In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
*** Photos supplied by DHA for the purposes of marketing the property
**** Weekly rent quoted is for 2022 as per 2021 rental assessment completed in December
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