Occupying a top-floor position within Building 3 of the popular Fairweather Apartments and located directly behind Coolalinga Central, Apartment 77 is a spacious one-bedroom residence combining convenience, practicality, and investment appeal in thriving Coolalinga, the gateway to Darwin's expanding growth corridor.
Everything you need is right at your doorstep. Coolalinga Central is only moments away, providing easy access to major supermarkets, specialty retailers, cafés, restaurants, medical facilities, fitness centres, and a wide range of everyday services. The ability to walk to shopping, dining, and essential amenities creates a highly desirable lifestyle for both owner-occupiers and tenants alike.
A standout feature rarely found in comparable one-bedroom apartments is the inclusion of two allocated car parks together with a dedicated secure storage room conveniently located directly outside the apartment.
Occupying an elevated top-floor position, Apartment 77 enjoys elevated views, cooling breezes, excellent natural light and spectacular NT sunsets from its generous private balcony. Exclusive to top-floor apartments within the complex, raked ceilings create additional volume and further enhance the sense of space throughout the living areas.
The modern open-plan design seamlessly connects the kitchen, dining and living spaces, flowing effortlessly onto the balcony to create a relaxed and functional living environment.
Fully tiled and air-conditioned throughout, the contemporary kitchen features a dishwasher, ample bench space and excellent cupboard storage. The generously sized bedroom includes a built-in wardrobe, while the spacious bathroom incorporates practical internal laundry facilities.
Buyer Options
Option 1 Continue as an Investment
Currently tenanted by the NT Government and returning $395 per week ($20,540 per annum), providing an approximate gross rental yield of 5.20%.
The current tenancy arrangement provides a true set-and-forget investment, with management, maintenance and repairs handled under the existing management structure, allowing owners to enjoy reliable income with minimal involvement.
Comprehensive information regarding the current tenancy arrangement, management structure and investor benefits will be made available to interested purchasers.
Option 2 Obtain Vacant Possession and Lease Privately
For investors seeking greater control over their investment, there is also the opportunity to obtain vacant possession (subject to the applicable tenancy arrangements) and lease the apartment privately.
Current market conditions and recent rentals of similar apartments suggest potential rental returns of approximately $450$475 per week, representing an estimated gross rental yield of approximately 5.92%6.25%.
Option 3 Future Owner Occupation
Buyers seeking a place to call home will appreciate the top-floor position, two allocated car parks, dedicated storage room, elevated outlook, and the convenience of having Coolalinga Central only moments away.
Combining practicality, comfort and an exceptionally convenient location, Apartment 77 presents an attractive low-maintenance lifestyle opportunity.
Property Information
Year Built: 2015
Area Under Title: Approximately 106m²
Council Rates: $388 approx. Per Quarter
Body Corporate Levies: $1,144.53 approx. Per Quarter (Admin $989.89 Sinking Fund $154.64)
Current Status: NT Government Tenancy Returning $395 Per Week (subject to management fees, which include management, maintenance and repairs)
For further information or to arrange a private inspection, contact Simon Connelly from Agency HQ NT on 0411 210 744 today.
