What the Owners Loved: A secure investment property in the Inner South

What you will Love: A DHA lease coming to an end in 2023 and so many options

This investment-only property is for sale on behalf of a Defence Housing Australia lessor with only another 12 months until the Defence Housing Australia lease expires. Buy now as a great investment opportunity with the ability to move in from December 2023.

This well maintained one bedroom apartment is located opposite Parliament House and offers a quiet and peaceful location at the rear of the building and overlooks established gardens and mature trees.

The property includes an open plan spacious living area with sleek kitchen including granite benches, Bosch electric oven and four burner cooktop and single drawer dishwasher. The living area flows onto the large balcony which includes a full sliding screen so you can control sunlight. There is plenty of room for an outdoor dining setting, the perfect spot for alfresco dining. Additional features include bedroom with built-in wardrobe, study nook and bathroom with integrated laundry area including a Fisher and Paykel dryer.

One security car park and lock-up storage area completes the picture.

With guaranteed year-round rental payments, whether the apartment is vacant or not, as well as the set and forget provisions a DHA investment property always offers, this is an excellent investment opportunity.

Once the lease expires the apartment's location makes it ideal for a variety of uses. An ongoing rental property in a highly desirable location or move in and live amongst the buzz the Inner South is known for.

We also note all the external works have now been completed in the complex and strata fees will be more cost effective from 2023.

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.

Lease start date: 12/11/2013
Lease end date: 11/11/2022
Lease option: Used
Right to vary: 1 x up to 12 months Extension
Rent: $490 per week with annual review

At a glance….
- Light-filled living room
- Reverse Cycle Air Conditioner
- Designated Study area
- Modern kitchen with quality fixtures
- Stainless steel appliances, dishwasher
- Electric wall oven, gas cook top
- Spacious bedroom with built-in robe
- Bathroom with large shower & laundry incorporated
- Balcony overlooks rear gardens
- Lift
- Secure basement parking
- Storage cage
- Small boutique complex of 35 apartments

Facts:

EER: 6.0
Living: 51m2
Balcony: 8m2
Parking: 14m²
Storage: 2m²
Strata Fees – Admin Fund: $1706.50 per quarter (approx.)
Strata Fees – Sinking Fund: $827.72 per quarter (approx.)
Rates: $320.85 per quarter (approx.)
Land Tax: $575.27 per quarter (approx.)
Built: 2012
Gross Rent: $490 per week
(All measurements, amounts and values are approximate and not to be relied upon. Buyers to make their own enquiries.)