506/24 Litchfield St

Darwin City NT 0800

105 m²

164 m²

Unit

Currently for sale - view listing

Overview

CITY LIVING, STRONG RETURNS & A PRIME INVESTMENT OPPORTUNITY

For more property information including body corporate and reports text 506L to 0488 810 057 Positioned on the 5th floor in the heart of Darwin City, 506/24 Litchfield Street offers a fantastic combination of spacious city living, excellent complex facilities and a strong rental return. One of the standout features of this apartment is its larger-than-standard Courtyard, offering considerably more outdoor living space than apartments positioned on other floors within the complex. Flowing directly from the open-plan living and dining area, it provides a fantastic extension of the internal living space and is ideal for entertaining, outdoor dining or simply relaxing and enjoying Darwin's tropical lifestyle. Inside, the apartment offers a practical and spacious floorplan with two generous bedrooms and two bathrooms. The main bedroom features its own ensuite and walk-in wardrobe, while tiled floors and air-conditioning throughout make the property well suited to low-maintenance Territory living. For investors, the property is already generating an excellent return, currently rented for $660 per week. With an asking price of $470,000, this equates to an attractive gross rental yield of approximately 7.3%. The apartment also includes secure car parking and a dedicated storage room, while residents have access to excellent complex facilities including a lagoon-style swimming pool and gym. PROPERTY FEATURES • Two generous bedrooms • Two bathrooms • Main bedroom with ensuite and walk-in wardrobe • Spacious open-plan living and dining area • Oversized Courtyard • Excellent indoor/outdoor living and entertaining space • Air-conditioned and tiled throughout • Internal laundry • Secure car parking • Dedicated storage room • Lagoon-style complex swimming pool • Gym facilities • Secure complex with fob and intercom access • Excellent Darwin City location • Currently rented for $660 per week • Asking price $470,000 • Approx. 7.3% gross rental yield • A STANDOUT CITY INVESTMENT With its oversized balcony setting it apart from other apartments within the building, strong $660 per week rental return and central CBD position, this property represents an excellent opportunity for investors seeking both yield and long-term appeal. Whether you're expanding an existing portfolio or looking for your next Darwin investment, 506/24 Litchfield Street deserves your attention. Contact Nathan Cunneen on 0497 339 558 today for further information or to arrange an inspection. The Finer Points Final Bidding Stage: 27th October, 5:30pm Council Rates: Approx. $1,860 per annum Area Under Title: 164m² Year Built: 2008 Zoning: CB (Central Business) Status: Leased @ $660 per week until 22 March 2027 Rental Estimate: Approx. $700 - $800 per week Body Corporate: Whittles Body Corporate Levies: Approx. $2,397 per quarter Pool: In Complex Vendors Conveyancer: Ward Keller Settlement period: 40 days or variation on request Easements: As per title Deposit: 10% or variation on request