For more property information including body corporate and reports text 506L to 0488 810 057
Positioned on the 5th floor in the heart of Darwin City, 506/24 Litchfield Street offers a fantastic combination of spacious city living, excellent complex facilities and a strong rental return.
One of the standout features of this apartment is its larger-than-standard Courtyard, offering considerably more outdoor living space than apartments positioned on other floors within the complex. Flowing directly from the open-plan living and dining area, it provides a fantastic extension of the internal living space and is ideal for entertaining, outdoor dining or simply relaxing and enjoying Darwin's tropical lifestyle.
Inside, the apartment offers a practical and spacious floorplan with two generous bedrooms and two bathrooms. The main bedroom features its own ensuite and walk-in wardrobe, while tiled floors and air-conditioning throughout make the property well suited to low-maintenance Territory living.
For investors, the property is already generating an excellent return, currently rented for $660 per week. With an asking price of $470,000, this equates to an attractive gross rental yield of approximately 7.3%.
The apartment also includes secure car parking and a dedicated storage room, while residents have access to excellent complex facilities including a lagoon-style swimming pool and gym.
PROPERTY FEATURES
• Two generous bedrooms
• Two bathrooms
• Main bedroom with ensuite and walk-in wardrobe
• Spacious open-plan living and dining area
• Oversized Courtyard
• Excellent indoor/outdoor living and entertaining space
• Air-conditioned and tiled throughout
• Internal laundry
• Secure car parking
• Dedicated storage room
• Lagoon-style complex swimming pool
• Gym facilities
• Secure complex with fob and intercom access
• Excellent Darwin City location
• Currently rented for $660 per week
• Asking price $470,000
• Approx. 7.3% gross rental yield
• A STANDOUT CITY INVESTMENT
With its oversized balcony setting it apart from other apartments within the building, strong $660 per week rental return and central CBD position, this property represents an excellent opportunity for investors seeking both yield and long-term appeal.
Whether you're expanding an existing portfolio or looking for your next Darwin investment, 506/24 Litchfield Street deserves your attention.
Contact Nathan Cunneen on 0497 339 558 today for further information or to arrange an inspection.
The Finer Points
Final Bidding Stage: 27th October, 5:30pm
Council Rates: Approx. $1,860 per annum
Area Under Title: 164m²
Year Built: 2008
Zoning: CB (Central Business)
Status: Leased @ $660 per week until 22 March 2027
Rental Estimate: Approx. $700 - $800 per week
Body Corporate: Whittles
Body Corporate Levies: Approx. $2,397 per quarter
Pool: In Complex
Vendors Conveyancer: Ward Keller
Settlement period: 40 days or variation on request
Easements: As per title
Deposit: 10% or variation on request
