Sold
1-4/7 Donaldson Terrace,
Port Augusta West 5700, South Australia
$1,750,000
Property details
-
Agents
SOLD
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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Explore the area
School catchments
- Port Augusta West Primary School Primary R-6 Government 0.68km
- Flinders View Primary School Primary R-6 Government 1.2km
- Caritas College Combined R-12 Catholic 1.2km
- Carlton School Combined R-9 Government 1.4km
- Port Augusta Secondary School Secondary 7-12 Government 1.5km
- Open Access College - Port Augusta School of the Air Campus Combined Government 2.6km
- Augusta Park Primary School Primary R-6 Government 2.7km
- Seaview Christian College Combined R-12 Independent 3.0km
- Willsden Primary School Primary R-6 Government 3.3km
- Stirling North Primary School Primary R-6 Government 8.0km
- Quorn Area School Combined R-12 Government 29.8km
- Wilmington Primary School Primary R-6 Government 37.0km
- Melrose Primary School Primary R-6 Government 55.2km
- Hincks Avenue Primary School Primary R-6 Government 63.1km
- Fisk Street Primary School Primary R-6 Government 63.2km
- Samaritan College - St John's Campus Combined R-12 Catholic 63.4km
- Samaritan College - St Teresa's Campus Combined Catholic 64.0km
- Samaritan College - Our Lady Help of Christians Campus Combined Catholic 64.2km
- Whyalla Secondary College Secondary 7-12 Government 64.2km
- Sunrise Christian School Whyalla Combined R-10 Independent 65.7km
- Booleroo Centre District School Combined R-12 Government 70.6km
- John Pirie Secondary School Secondary 7-12 Government 81.4km
- St Mark's College - Benedict Campus Combined Catholic 81.8km
- Mid North Christian College Combined R-12 Independent 83.6km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
Find out how much home loan repayments will be
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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
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Contact Brandon Sherriff
Contact Brandon Sherriff
Brandon Sherriff
1-4/7 Donaldson Terrace, Port Augusta West SA 5700
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Brandon Sherriff
1-4/7 Donaldson Terrace, Port Augusta West SA 5700