The Esplanade in Darwin is the prime hotel strip in the area with a number of top hotels and resorts sharing this address. Currently managed by the Mantra Group, who managed 2 CBD hotels in Darwin, this property produces solid returns. The Esplanade is a part of Darwin's green belt and includes over a kilometer of lush maintained parkland with walking rails, playgrounds and great places for picnics, all while overlooking the stunning Darwin Harbour.
The hotel is also walking distance to many attractions such as Crocosouras Cove, The deck chair cinema, Parliament House and the Mitchell ST entertainment district. The amazing location and quality management ensures this property get the lions share of visitors to the Darwin Area.
This is a twin key unit essentially doubling the income potential of the property. For the 21/22 Financial year this property pulled in $58,000 of income net of hotel expenses. This is an amazing return and should grab the attention of even the most picky investor.
Note: This property is available for investors only.
Area under title: 99m²
Body Corporate Manager: Altitude Management
Body Corporate Fees: $2559 (approx) per quarter
Council Rates: $1,550 (approx) per year
FY 21/21 Income net of hotel expenses: $58,000
Easements: Nil on title
Status: Investors only
