89 Casuarina Street

Katherine East NT 0850

869 m²

House

Currently for sale - view listing

Overview

THE KATHERINE EXECUTIVE: Architectural Landmark & 7.5% Yield

89 Casuarina Street, Katherine East, NT FOR SALE: $890,000+ Crown Jewel of Casuarina St and Ultimate Cash Flow Asset Positioned in Katherine East, 89 Casuarina Street is a sophisticated investment vehicle currently delivering an elite $1,290 per week in rental income. Widely regarded as a premier residence on Casuarina Street, it offers a superior build quality and lifestyle appeal unmatched in the local market. Architectural Excellence & The Ultimate Entertaining Space Originally commissioned by an architect, the property boasts a design focused on Top End living: Seamless Indoor/Outdoor Living: The main living area, featuring stunning vaulted high ceilings, flows seamlessly onto a large, sheltered entertainment deck at the same level, overlooking the private garden. Split-Level Mastery: A dynamic floor plan provides distinct zones for living and privacy-perfect for executive shared housing. Investment Grade Specifications The 4x3 Advantage: A high-demand 4-bedroom, 3-bathroom layout. The inclusion of a third bathroom makes this the preferred choice for high-ranking RAAF personnel and corporate contractors, maximizing occupancy and rental premium. Superior Cash Flow: Commanding $67,080 per annum, representing a powerful 7.5% gross yield-outperforming metropolitan assets and regional medians. Strategic Location: Minutes from the RAAF Base Tindal gates, ensuring near-zero vacancy in a 1.6% vacancy market. Asset Features Substantial 870m² land holding in the premier "Casuarina" pocket. Architecturally designed with premium finishes and vaulted ceilings. The large, covered rear deck is an essential asset for Top End climate living and entertaining, flowing directly from the main living area. The most significant street presence and appeal in Katherine East. Secure the Record-Setter With a proven history of commanding record-tier rents (peaking at $1,500/week), 89 Casuarina Street is the definitive choice for the investor seeking high yield, maximum depreciation, and a trophy asset. Step into immediate positive cash flow and unparalleled lifestyle appeal. Contact Alison Ross on 0417 847 950 to secure a professional information memorandum or to arrange a private site inspection.

Features

4 bedrooms

3 bathrooms

4 carspaces

869 m² lot size

House

Property history for 89 Casuarina Street

2022

Rented

Undisclosed

Leased on 08 Aug 2022 by Elders Katherine

Happy sellers in Katherine East

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Local market activity for 4 bedroom houses in Katherine East

In the last 12 months, 21 four-bedroom houses similar to 89 Casuarina Street, have been sold.

This represents a 300% decrease in four-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

View the listing for inspection times, agent contact details, and more.

at Elders Katherine