Territory Real Estate is proud to present this exciting offer.
An exceptional investment opportunity in Darwin's northern suburbsthis block of five fully tenanted units offers strong and consistent rental returns with future growth potential.
Purchased in 2014 for $1,150,000, the current owner has added value with a 5-bay carport (constructed in 2015), enhancing tenant amenity and allowing for rental increases. The property currently generates $116,000 gross income per annum, with approximate outgoings of $18,000 per annum.
Key Features:
Five units on one title
Total land area: 954m²
Zoned LR (Low Density Residential)
Unimproved Capital Value: ~$500,000
Pre-Cyclone construction durable and solid
Development Consent Authority (DCA) approval for Strata Subdivision valid until 24 November 2026
Excellent occupancy and tenant history
Off-street parking for all tenants
The original dwelling was converted into a flat, adding to the layout versatility, and the entire complex remains well maintained. The subdivision into Strata title of this 5 unit complex has already been approved by the Development Consent Authority for two years, until 24 Nov 2026, With approved strata titling, investors also have the option to strata and sell down individually in the future.
Located in a high-demand suburb close to schools, shops, and Casuarina, this is a low-maintenance, high-yield asset in a prime Darwin location.
For more information or to arrange a private viewing, contact Stuart Rodda at Territory Real Estate today on 0424 780 982
The owner is open to all Offers Over $1,200,000 act fast, opportunities like this don't last long.
