Lot 70-81, Pita Street, Angle Park

Ideal Investment - Defence Housing Australia Lease 9 Years plus 3 Year option

This property is for sale as part of Defence Housing Australia's build to lease program with Oceanic Properties as the project builder. Your new investment property located only 9km's from Adelaide's CBD is being sold with a Defence Housing Australia lease in place of 9 years (from build completion date) with a further up to 36 month extension option. Visit dha.gov.au to learn the benefits of investing in Defence Housing Australia property.

Please note images supplied as part of this advertisement are for illustration purposes only.

If you're looking for an amazing investment property at Angle Park which is part of the new Northwest Quarter Estate, then look no further! These stunning new three-bedroom, 2.5 bathroom homes are the perfect place to start and offer a secure long term blue chip investment with 4.8m frontage allotments available with reserve views. With open plan living, a undercover garage, and plenty of space for entertaining, this is an opportunity you don't want to miss. Enjoy the convenience of modern living with all the amenities you need, while still having the peace and quiet of a suburban street.

With plenty of room to grow, this is an investment you won't regret that offers investors guaranteed income for 9 years (from build completion date) and the option of an additional option of up to 36 month extension once your build has been completed. Initial lease valuation to Defence Housing Australia (DHA) is at $550 pw (Please Note: the weekly rent will be revalued within three months of lease commencement and the investor will receive the highest of the two valuations) a quality tenant and hassle free management; this is an ideal time to purchase a secure investment property.

Property features:
- Three bedrooms, main with ensuite & built-in robe
- Living Downstairs and bedrooms and bathrooms upstairs
- 2.5 bathrooms
- Generous size open plan living/dining & kitchen area
- Modern kitchen with stainless steel appliances, gas top cooking, rangehood
- Rear under main roof alfresco for entertaining
- Bedrooms two & three with Built-in Robes
- Ducted Reverse Cycle Air conditioning
- Spotted gum timber flooring through living areas

Lease details:
Initial weekly rental valuation: $550 p.w
Lease end date: 9 years (from build completion date)
Option: 1 x up to 36 months
Right to vary: 1 x up to 12 months extension

DHA offers a long-term lease, with guaranteed* rental income and a range of property care services. The benefits of leasing to DHA include:

· guaranteed* rental income
· long-term leases of 3, 6, 9 or 12 years, with the possibility of extension
· rent paid in advance, even when the property is vacant
· periodic property inspections
· property care including most non-structural repairs**
· market rent review service (periodically reviewed by an independent licensed valuer)
· one service fee (deducted monthly from rental payments)
· online services portal to view and manage your property
· monthly statements
· property professionally cleaned at lease end, returned with all appliances working and grounds tidy.

Don't miss out - contact Craig Costello today from Harris Real Estate to learn more about this amazing opportunity and request an Information Memorandum for all the details!

* Rent may be subject to abatement under certain circumstances such as loss of enjoyment or amenity, or breach of lease terms. Rent is paid where the property is habitable. Should a property become uninhabitable during the term of the lease, or lessor breaches the lease terms, the rent may cease or abate and the lease may be terminated by DHA. Guaranteed rent is subject to the terms of the lease. DHA does not take into account an investor’s objectives or financial needs. Investors should always seek appropriate independent advice before making any investment decisions with DHA.
** A comprehensive description of repairs included in our service and exclusions can be found in the Property Care Contract. For more information, please visit https://www.dha.gov.au/investing/property-care

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409