For more property information text 169BAG to 0488 810 057
Priced to Sell – Renovate and Revalue.
This is the investment opportunity you’ve been waiting for. Five tenanted, one-bedroom units on a non-strata title in one of Darwin’s most central pockets—minutes from the CBD, Casuarina, and the stunning Nightcliff coastline.
Yes—it needs some love. But that’s where the upside is. Priced to reflect the work, this block is a blank canvas for the smart investor ready to roll up their sleeves and add serious value.
The Numbers:
• Asking Price: $895,000
• Total Rental Income: $1,270/week
• Gross Yield: 7.4%
• Land Size: 870sqm
• Zoning: LMR (Low-Medium Density Residential)
• No Body Corp – Self-Managed
What You’re Getting:
• 5 x 1-bed, 1-bath units – all individually tenanted
• Solid brick construction with scope to refresh
• Private courtyards + laundry space under verandas
• Secure front entry, open plan living, functional kitchens
• Off-street parking for each unit
Rental Breakdown:
• Unit 1 – $280/week (Lease to Feb 2026)
• Unit 2 – $290/week (Lease to Aug 2025)
• Unit 3 – $260/week (Lease to October 2025)
• Unit 4 – $210/week (Periodic – tenant since 2010)
• Unit 5 – $240/week (Periodic – tenant since 2014)
Location, Location:
• 5 mins to CBD, Casuarina, and Home Maker Village
• Near public transport, parks, schools, and day care
• 5 mins to East Point + Nightcliff Foreshore
• Grab a weekend coffee at The Cool Spot
The Opportunity:
This block has great bones and long-standing tenants. It’s producing income right now and offers huge potential for those ready to make it shine. Whether you’re adding to your portfolio or looking for a reno project with guaranteed returns—this is it.
Secure it now, modernise later—and watch your yield grow.
Other Info:
• Council Rates: Approx. $8,744 per annum
• Area Under Title: 870 square metres
• Year Built: 1972
• Zoning: LMR (Low-Medium Density Residential)
• Body Corporate: Self Managed
• Vendors Conveyancer: Lawlab
• Settlement period: 45 days or variation on request
• Easements: As per title
• Deposit: 10% or variation on request
