Roxley Pearce from Ray White Central has listed this well equipped, ground level home for sale.

Priced at an investor friendly $389,000, it is currently leased until March 2012 with a three year option which run through until 2015. Defence Housing Australia hold the lease and provide security in rental income even if the property is vacant.

They carry out all the day to day maintenance on the property and as a bonus DHA will repaint the home at the home at the end of the lease. The property is currently rented at $400 per week which has periodical increases indexed into the lease, the next of which is due in December this year.

The home is fully air-conditioned, has full security screening, a private rear undercover area and the mandatory garden shed. It is fully fenced and has reticulated established gardens. Double undercover parking is provided for two vehicles which allow dry access to the front door of the property.

When the lease finally expires, the location of the home means it would make a lovely residence. The private three bedroom, two bathroom home is tucked away in a quiet no through street, adjacent to the natural escarpment which runs through this covenant protected suburb. Just over the escarpment are the wonderful lakes that are the showpiece of The Chase. The local pre/Primary School is located a short walk away and there is a playground equipped park featuring large models of native birds and animals. Hike and bike trails wind their way all through the suburb and these links provide safe access for the kids to get to and from their friends homes.

It’s close proximity to the CBD of ever growing Palmerston centre means the old real estate adage of Location, Location, Location are true. With the suburb sprawl really starting to show around the fringes of Palmerston, a lot of the newer suburbs are a fair old drive to the town centre. From the Chase it is still an easy walk to the nightlife or the cinemas.

The owners of this great investment property have given clear instructions they would like to sell the home and if you are interested in more information or would like to arrange an inspection please call Roxley Pearce on 89 433 015 direct or 0418 895 345 mobile.

Council Rates: $1050.00 pa (approx)

Lease Details: DHA lease at $400.00pw til 24th March 2012