Nestled just one street back from the golden sands and sparkling waters of the highly sought after Rapid Creek Foreshore, this prime piece of real estate offers a rare opportunity for investors, developers and dream home seekers alike.
Featuring an allotment of land that currently hosts two neat and tidy duplexes, this property is ripe with potential for a small future development or land banking. Whether you envisage living in one now and renting out the other one or plan to construct three luxurious townhouses or your dream home, this site has attributes and the location to make your vision a reality.
One of the standout benefits of this property is its exceptional location. Positioned just a stone's throw away from the beach, residents can enjoy the tranquil sounds of waves, the refreshing sea breeze and the convenience of having the beach only moments away. This proximity to the coast is not only a lifestyle benefit but also a significant value enhancer for any real estate investment.
The two townhouses currently on the block offer a steady income, making them a sound investment as they stand and for developers, the potential to develop the 1120 square metre site, further enhances its appeal and financial prospects. The demand for townhouses in beachside locations remains robust driven by the desire for low-maintenance luxurious living without compromising on space or lifestyle.
Some of the important considerations are as follows:
1120 square metre site
Currently comprising two duplexes
Three bedrooms and one bathroom for each property
Estimated rental return in total is $580 per week for each dwelling
Zoning is Low Medium Density Residential
Future developments subject to town planning approval
Unbeatable location moments to the Foreshore
Short stroll to the beachfront hotel, walking paths
Nightcliff Aquatic Centre, Foreshore café all a leisurely stroll away
Minutes to the Royal Darwin Private and Public Hospital, Charles Darwin University and Casuarina Shopping Centre
Some of Darwin's best schools within easy reach
Don't miss your chance to secure this piece of coastal paradise and turn your vision into a reality. Contact us today to arrange a viewing and explore the full potential of this unique property.
