For the first time in 28 years, this tightly held and owner-managed complex is available for sale. Comprising four well-maintained units with a history of 100% occupancy and long-term tenancies, this property offers a solid investment in a high-demand rental area.
Key Features:
Two spacious 2-bedroom, 1-bathroom units with air conditioning in bedrooms and living areas
Two comfortable 1-bedroom, 1-bathroom units, each with air conditioning
All units feature front and rear balconies or verandah's, promoting cross-ventilation
Wrap-around kitchens with breakfast bars and freestanding ovens overlooking the backyard
Open-plan living areas with louvres for natural light and airflow
Bathrooms equipped with glass-screened showers, separate W/Cs, and combined vanity/laundry spaces
Generously sized bedrooms with built-in robes and louvres
Low-maintenance Garden with potential to create private courtyards for ground-floor units
Off-street parking available for residents
Security features include bars, screen doors, and deadlocks on all units
Each unit is supplied with a fridge and washing machine, included in the sale
No body corporate or strata fees, simplifying management and reducing ongoing costs
Location & Lifestyle:
Proximity to Charles Darwin University, Royal Darwin Hospital, and Casuarina Shopping Centre
Walking distance to local schools, parks, and public transport options
Situated in a sought-after suburb with strong rental demand and growth potential
Walking Distance to CDU Campus in Alawa, 20 Lakeside Drive presents a unique opportunity to acquire a fully tenanted, four-unit complex with a proven track record of consistent occupancy and income. Owned and meticulously maintained by the same individual for nearly three decades, this property stands as a testament to quality and reliability in residential investments.
Each unit is thoughtfully designed to maximize comfort and functionality, featuring open-plan living areas that seamlessly connect to both front and rear outdoor spaces. The inclusion of air conditioning, ample natural light through louvres, and practical kitchen layouts ensures tenant satisfaction and ease of living.
The property's location is a significant drawcard, offering tenants easy access to major educational institutions, healthcare facilities, and shopping centres. The absence of body corporate fees further enhances the investment appeal, providing a straightforward and cost-effective ownership experience.
With rental rates currently positioned at the lower end of the market, there exists substantial potential for increased returns through strategic rent adjustments. This complex is not just a property; it's a rare chance to secure a stable, income-generating asset in one of Darwin's most desirable suburbs.
Additional Information:
Council Rates: Approx. $6,912.00 per annum
Year Built: 1979, second bedroom section 1997
Planning Scheme Zone: LR (Low Density Residential)
Area under Title: 766sqm
Status: Currently tenanted Unit 1 at $450 pw expiring on Jan 2026, Unit 2 at $340 pw expiring on Jul 2026, Unit 3 at $450 pw expiring on Jan 2026 and Unit 4 at $340 pw expiring on Jul 2026
Settlement Period: 45 days
Easements as Per Title: Sewerage Easement to Power and Water Authority
Electricity seperately metered, water bll not seperately metered
Disclaimer: We do our best to ensure that all the information provided is correct, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions.
