DHA Investment Property with Potential 10 Year Lease

With up to a potential 10 years left to run on the lease, this DHA Investment property really is a set and forget, secure addition to your portfolio.

Nestled in a quiet street opposite Kavangal Circuit Playground and Moncrieff Wetlands, along with views to One Tree Hill, sits this very tidy single level DHA investment property.

This is entry level investment buying at its best for a house on a separate block of land.

A solid investment opportunity, some of the many benefits of owning a DHA investment property include a secure tenancy, guaranteed rent, even when vacant, an annual rent review and make-good provisions at the end of the lease.

With a modern design and only 7 years old, this well-presented property is an investment for today and into the future. The property is well priced given the current market conditions and potential for capital growth over the terms of the remaining leases seems highly likely. In the past 7 years Ngunnawal has achieved positive growth on property prices.

North-facing to the front, the property features open plan living with a great connection to the quality kitchen that offers a gas cooktop, under bench oven and dishwasher. All with a lovely outlook and easy access to an undercover alfresco area to the rear gardens that include a 9m2 Colorbond shed.

The master bedroom, with walk-in wardrobe and ensuite is located separately from the other two bedrooms, all of which have built-in wardrobes.

The two bedrooms have easy access to the practical bathroom with separate bath, shower and toilet whilst the internal laundry is neatly tucked into its own room with enough space for washer, dryer and laundry tub.

The property also offers the benefits of ducted reverse cycle heating and cooling and instant gas hot water. The single garage has an auto-opening door.
Close to local amenities, schools, parks and playgrounds.

Gungahlin town centre is a short drive away and there is easy access to main transport routes.
This is a long term set and forget investment – even a possible addition to your super fund.

DHA Lease start date: 08/04/2016
Lease end date: 07/04/2028
Variable extension period: 3 years
Right to Vary: 1 X Up to 12 months reduction or extension
Gross rent: $630 per week
DHA Management Fee: 16.5% inc. GST
Note: Lease option and Right to Vary are at DHA discretion only

Features:
• Single storey property
• Open plan, tiled, lounge, dining and kitchen areas
• Kitchen with gas cook top, electric under bench oven and dishwasher
• Built-in pantry, sit up breakfast bar/island bench and ample storage
• Main bedroom with walk-in wardrobe and ensuite
• Ensuite with walk-in shower, vanity and toilet
• Bedrooms 2 and 3 with built-in wardrobes
• Main bathroom with bath, vanity, shower
• Separate toilet
• Internal laundry
• Remote controlled single lock up garage with internal access
• Covered outdoor entertaining area
• Instant gas hot water
• Mitsubishi ducted reverse cycle heating and cooling
• Enclosed rear yard with 9m2 Colorbond shed
• Satellite on roof for pay TV
• NBN Connected
• Mitsubishi ducted reverse cycle heating and cooling
• Built 2015 Living: 115.6m2 Garage: 20.8m2 Alfresco: 15.0m2 Porch: 2.5m2

EER: 4.5
Block: 289m²
Rates: $2,115 pa
Land Tax: $2,701 pa
Land Value: $234,000 (2020)

All values, measurements, amounts & sizes are approximate. Buyers to make their own enquiries.
This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to read about the benefits of investing in Defence Housing Australia property