4 Banimatla Street

Lyons NT 0810

Investors, this is potentially a 6.6% return. You can take the stress out of investing. As DHA take care of the tenants, and generally manage the property on your behalf, virtually a buy and forget investment. There is a DHA lease in place until 19/3/2024 + a 3 year option to extend. The rent is an impressive $934 per week. Under the terms and conditions of the DHA lease applicable to this property, the rent cannot fall below $934 per week throughout the lease term as this was the rent at commencement of the lease. A spacious four bedroom, two bathroom family home in a nice position looking across to a landscaped park and playground.

At the end of the DHA Lease agreement DHA provides a restoration service as per the terms and conditions of the applicable DHA Lease. That may include an internal and external repaint. In addition, all appliances are to be clean and in good working order. Under the terms and conditions of the DHA lease DHA throughout the lease term cover the cost of most non-structural repair and maintenance and Like for like replacement of a fixed appliance as required.

Lyons is one of Darwins prestige suburbs with quality homes throughout. A popular family friendly master planned neighbourhood only minutes from Royal Darwin Hospital, Darwin Private Hospital and Charles Darwin University.