ਪਤਾ ਗੁਪਤ, Mallabula, NSW 2319

This is an outstanding opportunity to secure a quality residential investment in a highly sought-after Port Stephens area, with the added benefit of a long-term Defence Housing Australia (DHA) lease already in place.

Positioned in peaceful Mallabula, 13 Essendene Gardens offers investors the potential for reliable rental income, providing an attractive hands-off investment proposition from day one. The existing DHA lease provides a structured tenancy arrangement, making this property particularly appealing to investors seeking simplicity, security and long-term income.

Whether you're looking to diversify your portfolio or secure a long-term residential investment, 13 Essendene Gardens combines the appeal of a well-positioned property with the benefits of an existing DHA tenancy arrangement.

WHY INVEST IN PORT STEPHENS?

Port Stephens is an attractive investment location due to its population growth, diverse employment base and strong Defence presence centered around RAAF Base Williamtown and Newcastle Airport. Ongoing infrastructure investment, an established tourism economy, and proximity to Newcastle and the wider Hunter region support future growth and housing demand. Combined with its beaches, waterways, national parks and appealing coastal lifestyle, the region offers strong long-term potential for both rental demand and capital growth.

PROPERTY FEATURES:

* 3 bedrooms, 2 bathrooms, 2-car garage

* Built approx. 2023/24

* Open-plan living and dining, with contemporary coastal style

* High cathedral ceilings with exposed timber beams

* Designer kitchen with stone benchtops, quality appliances and large breakfast bar

* Covered alfresco area adjoining the living/dining space.

* Large master bedroom with air con, walk-through robe and oversized ensuite with double vanities

* Built-in wardrobes in all bedrooms

* Air conditioning and ceiling fans throughout

* Fully fenced, low-maintenance backyard

* Double lock-up garage with internal access

* Very close to the waterfront, approx. 300 metres

* Safety screens throughout

* Build size: 146sqm approx.

* Land size: 460sqm approx.

LEASE DETAILS :

* Lease start date: 26/08/2024

* Lease end date: 25/08/2030

* Potential of a lease extension that could extend by 3 years (at DHA’s discretion)

* Right to vary: Not Applicable

* Current Gross rent $700pw and reviewed periodically

* Council and Water Rates - approx. $3,500 per annum

DHA LEASE BENEFITS:

* Make good provision - repaint (internal and external) and recarpet at lease end

* Most non-structural maintenance paid for by DHA

* Secure rent paid on time every time regardless of whether the house is tenanted

* Periodic independent rent reviews

* Zero re-letting fees

*** 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 Jenny Andrew of Hudson Property Agents on 0414 207 279 (we are required to provide DHA tenants 72 hours notice for inspections). In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers, that is those with pre-approved finance.

AN INVESTMENT WITH A SECURE, LONG-TERM TENANT – DEFENCE HOUSING AUSTRALIA

If you’re looking for an investment option with less stress – you can lease this property to DHA!

DHA has assessed this property location, plans and inclusions and has committed to a long-term lease on

completion of construction, if delivered to the agreed specifications.

The benefits of leasing to DHA include:

• reliable rental income

• long-term leases up to 12 years

• rent paid in advance

• property care including most non-structural repairs

• For more visit www.dha.gov.au/investing/#investingbenefits

DHA is not the vendor of the property and therefore makes no representation in relation to the land, the

builder, the construction of the property or any other matter unrelated to the DHA Lease Agreement or

Property Care Contract. Investment in a DHA property is subject to the terms of the DHA Lease or

other contractual documentation and those terms take precedence over any information contained in

this advertising material.

Investors should always seek appropriate independent advice before making any investment decisions

with DHA.

Information provided above has been obtained from various sources from which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a floorplan, build date, land size, floor plans and size, property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.