Positioned in the heart of Moil, 4 Hare Street presents a rare opportunity to secure a block of four fully leased two bedroom units, delivering immediate holding income with exceptional long term potential.
Based on an estimated rental appraisal of $550 - $600 per week per unit, the property has the potential to generate approximately $114,400 - $124,800 per annum, presenting an outstanding opportunity for investors seeking strong cash flow and long term capital growth.
With no body corporate currently in place, purchasers may have the opportunity to establish one in the future, subject to obtaining their own legal, planning and regulatory advice.
Opportunities to secure four income-producing dwellings on a single title are becoming increasingly scarce. Backed by strong underlying land value, rental upside and multiple future exit strategies, 4 Hare Street represents an exceptional long-term investment.
Block of four fully leased two bedroom units
Unit 3 Pictured above
Current rental income: $1,675 per week ($87,100 p.a.)
Rental appraisal: $550-$600 per week per unit
Potential rental income: $114,400 - $124,800 p.a.
Council rates: $6,910 p.a.
No body corporate
Easement: Sewerage Easement to Power and Water Authority
Beyond the immediate holding income, 4 Hare Street offers genuine value add potential. Investors may choose to hold the asset and benefit from Darwin's strong rental demand while progressively enhancing the property through improvements such as undercover parking, landscaping and other cosmetic upgrades to further increase rental appeal and overall asset value.
Over the longer term, purchasers may also wish to explore the establishment of a body corporate and the subdivision of the individual units, subject to obtaining their own legal, planning and regulatory advice. This provides the flexibility to continue holding a high performing investment or potentially realise additional value through the future sale of individual dwellings, creating multiple pathways to maximise returns.
