Solid Defence Housing Lease until 5 May 2023!! Returns 4.22 % Nett * FOR SALE PRICE - $ 524,500.. Weekly Gross Rent - $ 510 per week or NETT after DHA management & GST of $22,144.20 per annum. *Excellent NETT RETURN OF 4.22 % after DHA management fees incl GST. Land Area -700 m2 Rock Better than a Bank Term Deposit !! Safe secure investment with guaranteed lease to Defence Housing, and potential for long term capital growth as Kanimbla is a highly desirable suburb, less than 10 minutes from the Cairns CBD, popular shopping precincts at either CBD Cairns , Earlville or Redlynch and great schools ( Also a replacement lot of 700m2 vacant land in this area is now well over $ 300,000 plus cost to rebuild would be at Least $ 270,000 ) Defence Housing Australia (DHA) has a guaranteed lease in place until 05/05/2023 so you can relax knowing everything , including maintenance ( as per lease document) , is taken care of professionally until the end of your lease. This spacious 4 bedroom family home is located in the quiet cul de sac end of the street, and has mountain views from the back yard & is amongst quality homes & neighbours. DHA Lease Summary Lease edition: Edition 6. Lease start date: 06/05/2017: Lease end date: 05/05/2023 Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension Weekly Gross Rent - $ 510 or NETT ANNUAL RENT = $ 22,140.20 CLEAR AFTER D.H.A. MANAGEMENT FEES AND GST. DHA Lease Edition 6 provides for lease restoration works completed at the termination of the lease. Investing with DHA – 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. DHA Lease Edition 6 provides for lease restoration works completed at the termination of the lease. – includes repainting plus all appliances to be in working condition. If any carpet in bedrooms they will be replaced. A copy of lease outlining DHA obligations can be provided for your review. 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 not professional photos and are supplied under agreement by DHA and are for illustration purposes only. Generally properties look much better in real inspection time.