504/39 Cavenagh St, Darwin City, NT, 0800

SoldApr 15, 2025

504/39 Cavenagh St, Darwin City, NT, 0800

$470,000

136 m²

Unit

•

30+ days on the market

Sold: Apr 15, 2025

What's around 504/39 Cavenagh St

7.9% Yield Luxury, Convenience & Comfort in the Heart of Darwin

For more property information text 504CAV to 0488 810 057 What an investment!! 7.9% Yield – Short Stay Returns Approx. $8,000 Per Month! Positioned in the heart of the city, this stylish apartment offers unbeatable convenience, with Charles Darwin University's city campus just a short stroll away. Perfect for students, professionals, or investors seeking a prime location. This beautifully presented THREE-bedroom apartment offers open-plan living with tiled flooring and breezy air conditioning throughout, providing plenty of room indoors and out for dining and relaxation. The kitchen is a little pocket of JOY! Ample bench space, smart storage solutions, and a dishwasher enhance the practicality of the space—but it's the vibrancy of the splashbacks that will bring a smile to your face every morning. Get your chef on and take full advantage of the modern Miele appliances that make cooking a pleasure. All three bedrooms are generously sized, complete with built-in robes for ample storage. The master bedroom extends onto a large balcony with central city views and includes an elegant ensuite for added privacy. The main bathroom is light-filled and thoughtfully designed with plenty of storage—no excuses for mess! In addition to the two bathrooms, an internal laundry adds further convenience. Enjoy views of Cavenagh Street from both the master bedroom and living area, with abundant natural light streaming through. We have been quoted that investors will love the potential for both long-term leasing and high-yield short-stay accommodation. The property could demonstrate excellent short-stay returns, earning approximately $8,000 per month during the dry season. Alternatively, leasing the property at $720 per week would provide a strong 7.9% yield! As an added bonus, the owner is offering to cover $1,100 of the first year's levies, effectively reducing the body corporate fees to $2,006 per quarter for the initial year. The iconic Kube building also boasts an in-house swimming pool, secure entry with key and intercom access, and a prime location that puts the best of the city within easy reach. Additional Information: • Council Rates: Approx. $1,720 per annum • Area Under Title: 136 square metres • Year Built: 2014 • Zoning: CB (Central Business) • Status: Vacant Possession • Rental Estimate: Approx. $680 - $720 per week • Body Corporate: North Management • Body Corporate: Approx. $2006 Per Quarter • Vendors Conveyancer: TBA • Settlement period: 45 days or variation on request • Easements: As per title • Deposit: 10% or variation on request

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Seller reviews

11 months ago

Verified Review

JOB DONE!!

It was an absolute pleasure to work with Nathan. We were distressed sellers, under financial pressure but Nathan's calm and relaxed character kept us reassured through the entire process. It's rare to find an agent willing to go the extra miles like Nathan has. We reside in SA so having honest feedback about our investment property in NT was paramount. Nathan provided us with photos and honest opinions about what we needed to do to have our property in saleable condition. Nothing was too hard for Nathan ...who quickly arranged quotes from Trades to get the job done in a timely manner. He stuck with us through some teeth clenching moments. Congratulations to us and Nathan for his wonderful support.

Louise Maloney

Seller

11 months ago

Verified Review

5+ Review

Nathan has gone above and beyond to get the job done. He had organised getting our apartment repainted, sourcing quotes, refitting our washer/dryer, smoke alarm certification amongst other things. He has been a pleasure to deal with and as cool as a cucumber, being very chilled. Nathan in my mind is very talented in what he does, given he is open minded for suggestions & ideas which he initiated. An asset to Real Estate Central. 5+ stars!

Shane Maloney

Seller