With a gross rental yield of approx. 5.4% this light-filled, 2 bed, 1.5 bathroom apartment, located just a stroll away from the vibrant restaurants and cafes of Kingston Foreshore, offers a superb investment opportunity.
It's rare to have a high-yield return that's secure, with guaranteed rent for 52 weeks of the year - which makes this DHA investment property even more appealing.
Please Note: 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.
With spacious living areas and generously-sized bedrooms, both with built-in storage. The modern kitchen, with stone bench tops, plenty of storage and quality appliances, features an island bench dividing the kitchen from the meals area. The floor-to ceiling windows and sliding glass doors allow light to pour in and the living to go outside onto the balcony. The main bathroom has a large shower, the second bathroom also encompasses the laundry. Outside, the large balcony runs alongside the living areas and main bedroom, offering wonderful views towards Telstra Tower and some lake views. There is a secure basement parking space and storage cupboard.
A superb investment opportunity which really is 'as safe as houses' . Currently rented at $575 per week, DHA covers much of the day-to-day maintenance and the Lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement) at the end of the tenancy.
In a highly desirable location, simply set and forget for a couple of years, watch Kingston values grow as less land becomes available for building, then move into a perfectly maintained property, ready to be made your own. Close to all the amenities of Kingston Foreshore and Kingston shopping centre, and with public transport just a stroll away, this could be your future home. With the lease close to expiry, there are several options for the new owner.
Invest safely today, secure your tomorrow. Please contact the Agents for further information and some internal photos.
In response to the restrictions that have been put in place surrounding the Covid-19 outbreak, Luton Properties will be taking buyers through homes by prior appointment only and on an individual basis. If you would like to arrange a time to look through this home, please contact the Agent.?
Features include: - Two bedroom, 1.5 bathroom, modern apartment - Generous open plan living/dining areas - Kitchen with plenty of bench space, island sink - Gas cook top, 2-pack polyurethane cabinetry - Stainless steel appliances electric wall oven - Main bedroom with built-in wardrobe - Bedroom two with built-in robe - Double-glazed windows -Ducted reverse cycle heating and cooling - Large balcony - Entrance Intercom system - Secure basement parking - Single car space & storage cupboard - Kingston Foreshore behind complex doorstep - Close to Kingston shopping centre - Easy access to main transport and bus routes
DHA Lease Details: Lease start date: 08/10/2013 Lease end date: 07/10/2022 Lease option: Used Right to vary: 1 x up to 12 months Reduction & 1 x up to 12 months Extension Note: The Option and Right to Vary are at DHA's discretion. Rent: $575 per week with annual review
EER: 6 Rates: $2515pa Land tax: $2010pa Strata fees: $4750pa Apartment: 70m2 Balcony: 17m2 Car: 13m2 Note: all figures and measurements are approximate.
In response to some of the Covid-19 restrictions being lifted, Luton Properties can allow up to 20 attendees inside an open home at any one time. As a result of this, there may be a slight wait to enter our properties and we ask attendees to be prepared for this and factor this into your open home schedule. We would ask that only essential people come with you to open homes to limit large groups.