For more property information text 55CAV to 0488 810 057
Leased back to the hotel pool for the next 12 years, this is a strong investment choice with a savvy return. The complex includes a staffed reception desk with a secure lobby area along with dual elevator access through to the 2nd floor.
The apartment's balcony boasts a great view over the swimming pool and allows for that cool sea breeze to filter in. Inside is a generous open plan living, dining and kitchen area with carpeted and tiled flooring, and large light filled windows that let in the natural sun light. The kitchen has a wall of storage with all the basic amenities accounted for. There is even a laundry room and linen press storage along with a cabinet at the front door for the shoes and bags.
The bedroom includes a built in robe and ensuite with a relaxing bath tub / shower combo.
Furnished with all the large everyday items – this is a great time to buy as an investment property with as great rental yield and low vacancy rate. Walk to the CBD in moments for coffee dates or work commitments – spend your free time exploring the CBD and city lights or taking a stroll along the esplanade.
Around the Suburb:
• Located in the heart of the CBD
• Say yes to those last minute coffee dates and mid week meals
• Nearby to Cullen Bay and the Marina
• George Brown Botanical Gardens and the Casino only moments away
• Head down to the Water Front for a swim or a quick meal
Why This Works for Investors:
- Secure long-term lease with a guaranteed net return
- Tenant covers major outgoings, leaving you with minimal owner expenses
- Consistent, hassle-free income – no vacancy worries
- Part of the Metro Hotel Darwin CBD complex – strong demand and proven track record
- A 5% net yield with a gross yield of 7 - 8%, when taking into consideration the paid for outgoings
The finer points:
Council Rates: Approx. $1,760 per annum
Area Under Title: 86 meters squared
Year Built: 2004
Zoning: CB (Central Business)
Status: Tenanted for the next 12 years
Current Monthly return: $922.70/month
Body Corporate: Network
Body Corporate Levies: Approx. $195.75 per quarter
Settlement period: 45 days or variation on request
Easements: As per title
Deposit: 10% or variation on request
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