AUCTION In-Room: Tuesday, 1st December 5:00pm | Unless Sold Prior
The auction will be held In-Room at the Ray White Darwin Office at 10 Parap Place in Parap.
Property Specifics:
Year Built: 1962 (flat 1&2) and 1969 (flat 3) - Originally constructed as a two bedroom house, then converted to 3 individual flats in 1969.
Council Rates: Approx. $5,550 per year
Area Under Title: 918 square metres
Rental Estimate:
Unit 1: Circa $500 p/w
Unit 2: Circa $450 p/w
Unit 3: Circa $450 p/w
Insurance: Approx. $6,325 p/a
Vendor's Conveyancer: Aquarius Conveyancing
Preferred Settlement Period: 30-45 days from the contract date
Preferred Deposit: 10%
Easements as per title: Sewerage Easement to Power and Water Authority
Zoning: LR (Low Density Residential)
Status:
Unit 1 - Vacant Possession
Unit 2 - Tenanted Periodically $300 p/w
Unit 3 - Tenanted Periodically $200 p/w
Once in a generational opportunity for the investor, renovator or developer, this property sits on a generous corner block, only 450m from the foreshore within one of Darwin's most desirable coastal locales. Currently set up as three one-bedroom units - two of which are tenanted - it delivers exceptional potential you don't want to miss!
- Three one-bedroom units in prime position within sought-after suburb
- Electricity is separately metered
- Each unit is neat and tidy, featuring a practical, low maintenance layout
- High ceilings and banks of louvres accentuate easy sense of space
- Same basic layout to each unit, accented by some design variances
- Living-dining, separate kitchen, robed bedroom, bathroom, separate toilet
- Split-system air conditioning and ceiling fans keep units comfortable year-round (Please note unit 3 doesn't have a spilt system aircon)
- Unit 1 at front offers larger kitchen and living area, extending to verandah
- Unit 2 & 3 feature off-street parking accessed via Dudley Street
- Double carport and further driveway parking from Evans Street entrance
- Communal laundry, unit sheds, expansive shed offering storage/workshop
Boasting an abundance of potential within a standout location, this property sits within walking distance of everything Nightcliff is known for, from sparkling foreshore walks and sweeping sunsets to laidback cafes and iconic markets. Boosting its appeal further, it is only five minutes from Casuarina and less than 15 mins from the city.
As is, the property is a fantastic find for investors. Neatly appointed throughout, it features three, one-bedroom units, two of which are already tenanted. This could provide you the opportunity to rent out the remaining unit, or alternatively, live there and continue renting out the other two.
And while the entire setup is functional and thoughtfully presented as is, you could also choose to update to add value, either as you continue to rent out each unit, or sell on, after the renovation is complete.
As yet another option, you could opt to develop the land. With the appropriate approval, you could make the most of the incredible location to build a new complex, adding a quality addition to your portfolio, or alternatively, utilise the block to build your dream home.
As you ponder your options, it's worth making note of the run-down of what is already in place.
Each unit features a similar layout, low maintenance by design. There is a living-dining area, kitchen with servery, separate bedroom with built-in robe, and bathroom with shower and separate toilet. Split-system air-conditioning and louvres also feature throughout.
At the front of the property, unit one has a larger living area and kitchen, a bath, and a verandah. This is where you find access to the double carport and additional driveway parking, plus there is off-street parking in units two and three, accessed off Dudley Street.
A communal laundry and covered area feature at the side, alongside individual unit storage sheds and a freestanding shed workshop.
Opportunities like this don't come around every day. Secure your inspection now to avoid missing out.
To arrange a private inspection or make an offer on this property, please contact Andrew Harding 0408 108 698 or Evie Radonich 0439 497 199 at any time.
