This exceptional property portfolio offers a secure, hands-off investment with guaranteed returns. Consisting of four houses (one x two-bedroom and three x three-bedroom). All houses are leased to the Government of South Australia for an initial term of 10 years, with an optional five-year extension.
Key features:
• Tenant profile: - Government Employee Housing (GEH) a division of the South Australian Government's Department for Infrastructure and Transport, offering long-term, stable tenants.
• Commencing rent (guaranteed minimum until November 2035!):
2-bedroom: $465/week
3-bedroom: $600/week
• Market rent reviews: Occur at the end of years one, four, seven, and 10 of the initial term, and at year three of any renewal term, offering an opportunity for rent adjustments in line with market conditions.
• Interim rent reviews: Between market rent reviews, an annual fixed increase of 2.5% ensures consistent rental growth, with review dates at the end of each year during both the initial term and any renewal term.
Guaranteed income and hands-free management:
• Guaranteed rent payments: GEH covers any vacancy period, ensuring rental income even if the property is vacant during the lease period.
• Management fee: GEH will handle all tenancy and property management (excluding rates and utilities), including comprehensive maintenance and repairs coverage for a 13% management fee, offering a truly hands-free investment experience for investors.
• Comprehensive maintenance coverage: GEH will manage repairs and maintenance for the property, including everything from doors and windows to built-in appliances, lighting, flooring, and more. This includes upkeep of both the interior and grounds, ensuring your investment is well cared for over the long term.
• Property refresh service - GEH will provide a refresh service at the end of the lease term including repaint and recarpet internally.
Ideal investment for long-term growth:
• With a guaranteed minimum rental, fixed 2.5% annual increases and opportunities for further market uplift, this opportunity provides long-term, reliable rental growth.
• With a government-backed lease and the added benefit of vacancy cover, this portfolio offers exceptional peace of mind.
• Hands-off management makes it a hassle-free option for busy investors.
Secure, reliable, and future-proof - this is an opportunity not to be missed.
This opportunity is made available by The Office for Regional Housing's Regional Key Worker Housing Scheme, designed to boost investment in rental housing for essential workers in regional areas. As part of Renewal SA, the Office is dedicated to collaborating with communities to address housing shortages in regional South Australia.
Additionally, when looking at properties it's important to have confidence in how much you can borrow. Ray White has partnered with Loan Market who can make this simple and stress free for you. As our customer, you'll receive a complimentary, obligation free chat with our local broker to discuss your options and tailor a lending solution to suit your needs. If you would like to speed up the process, click on the link below to get started today.
https://broker.loanmarket.com.au/natasha-davis/contact/
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