Mitchelton QLD

OFFERS OVER $1,030,000
4 2 2
Under Offer

INVEST IN MITCHELTON

CALLING ALL INVESTORS - This lovely two storey home offers the most secure investment opportunity for the Set-and-Forget INVESTOR, looking for a secure investment in the sought after suburb of Mitchelton. The home is leased by DHA (Defence Housing Australia) until December 2027, offering guaranteed rent every day of the lease. The current rent paid is $880pw and is assessed annually in December by a registered valuer.

Located in a quiet leafy street, and nestled within a battle axe block, this property offers privacy and seclusion. Boasting four generous bedrooms, 2 separate living areas and outdoor entertaining area, this is a perfect opportunity to buy now, rent out then move into a few years later.

Situated near Mitchelton State High school, Mitchelton Primary and many other sought-after schools, and is walking distance to the bus and less than 5 mins drive to Mitchelton Train station, direct to the CBD. Nearby is Brookside Shopping Centre, parklands and close to all amenities.

LEASE DETAILS
• Lease start date: 29/12/2018
• Lease end date: 28/12/2027
• Lease option: Nil

CURRENT RENT for 2024: $875pw (reviewed annually).

FEATURES:
* 4 bedrooms, all with built-ins
* Master bedroom with Ensuite and Walk-in Robe
* Modern kitchen boasting modern appliances
* Main bathroom with shower and separate bath
* Separate powder room downstairs
* Open plan lounge, dining and kitchen
* Air-conditioned living and master bedroom, and ceiling fans throughout
* Security grills to windows and doors
* Double lock up garage with remote control entry and internal access to the home
* Covered outdoor entertaining area
* 739 battle axe block
* Built 2002
* Approx. 8km to Brisbane CBD

RATES:
Council - Approx $620 per quarter
Water - Approx $450 per quarter

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted or not
* 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

The DHA (Defence Housing Australia) lease offers the new owners guaranteed continuous 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.

** 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 Ann Nugent.

In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.

Please call Specialist DHA Investment Sales Agent, Ann to arrange a private inspection.
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Floor Plan

All the extras

  • Council rates - $2,480.00 pa
  • Land area - 739 sqm