An exceptional opportunity for investors and first-time buyers alike, this affordable one-bedroom, one-bathroom apartment offers a prime location with strong rental potential. Currently tenanted at $410/week offering a whopping 8.5% Gross Return. Current market appraisal is $430/week.
Located on the ground level in a small complex of 6 only units. Quiet location, we have Malabar Park 250 metres from your front door and local's favourite The General Café only one block away. One carpark on Title.
This low-maintenance property is an attractive addition to any portfolio. Featuring a renovated bathroom, air conditioning and ceiling fans for year-round comfort, the apartment is strategically located within walking distance of Darwin's CBD, The Gardens, and local beaches. Its close proximity to the Darwin Waterfront and Mindil Markets ensures high tenant demand. This is a solid, low-cost investment in one of Darwin's most desirable areas.
Property Information:
Status: Tenanted at $410/week til 15th Dec 2025
Settlement: Usually 30 days
Darwin City Council Rates: $450 / quarter
Body Corp Fees: $1,000 / quarter
Body Corp Manager: North Management
Area Under Title: 47 m2
