House Sold by Cairns Property Office in Redlynch 4870 QLD
Investors Dream. Amazing 4.54% Nett return ex DHA. More than double the return of bank term deposits !!
Rented to Defence Australia at $500 p.w. until December 2024 – that is 5 years !! ( + 3 yr extra Option)
Weekly Gross Rent - $ 500 or NETT ex DHA of $ 21,784.56 per annum.
Top notch investment in this popular neighbourhood. Serious seller offering a Nett return of 4.54% - much better than the banks these days. Redlynch is an excellent location for long term investment, conveniently located with several top choice schools, reliable public transport, Redlynch Central Shopping Centre, Sporting Facilities and popular family friendly Red Beret Hotel all nearby. Defence Housing Australia (DHA) has a guaranteed lease in place until8 October 2024 ( with 3 yr option to extend ), so you can relax knowing everything is taken care of professionally until the end of your lease. Spacious 4 bedroom home is located in a quiet street just across from the Byron Terrace Park - perfect for family fun. With views of the surrounding mountains and a lovely cool breeze, this is a great spot to live, or invest.
DHA Lease Summary
Weekly Rent $ 500Gross $ 2174.11 Monthly
Less Management Fee $ 326.12
Less GST $ 32.61
Nett MONTHLY rent ex DHA $ 1,815.38 NETT ANNUAL RENT = $ 21,784.56 CLEAR AFTER D.H.A. MANAGEMENT FEES AND GST.
Lease edition: Edition 6c. Lease start date: 09/10/2015 Original Lease end date: 08/10/2024 plus Option 3 years extension. DHA Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension - All Options/Variations are exercised at DHA’s discretion
DHA Lease Edition 6c includes • DHA Property Care, an all-inclusive service fee, covers a range of property related services. • The property is professionally cleaned at the end of each tenancy period. • The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement) works completed at the termination of the lease. A copy of lease outlining DHA specific obligations can be provided for your review.
• A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and applies to commencement rent).
Investing with DHA – This property is for sale on behalf of a DHA lessor and has a DHA lease in place. Visit dha.gov.au to learn about the benefits of investing in DHA property. In accordance with DHA regulations we advise that this property will be available for private inspection only and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only. Guaranteed rent is paid 52 weeks a year. Rent is paid a month in advance. Rent is reviewed in December every year by a registered valuer. DHA Property Care maintenance package included. • In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
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Real Estate For Sale in Redlynch, QLD 4870 priced between $340,000 and $630,000