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$650,000
Opportunities like this are rarely offered to the market. Set within a well-established and highly regarded estate in Rasmussen, this modern residence delivers an ideal blend of dependable income, long-term security, and low-maintenance ownership. The home has been thoughtfully designed for comfortable modern living and is presented in excellent, well-maintained condition throughout. The floorplan comprises 3 bedrooms, 2 bathrooms, and a double garage, with a practical open-plan layout. A key highlight of this investment is the secure lease in place with Defence Housing Australia (DHA), offering investors exceptional peace of mind through guaranteed rental income and minimal management requirements. Currently returning $560 per week and leased through to 2029, the property provides outstanding stability and long-term certainty. DHA leases are widely recognised for their structured management, routine property care, and consistent rent reviews, making this a true "set and forget" investment backed by one of Australia's most reliable tenants.
LEASE DETAILS:
• Current lease dates: 9/01/2017-8/01/2029
• Lease end date: 8/01/2029
CURRENT RENT:
• 2026 Rent: $560 p/w ($2,435.00 per month)
• Assessed annually on December 31st
463 Nepean Highway, Frankston VIC 3199
Call Stewart Hartley on
0411197959
Call Louka Mathie on
0434783064
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