SoldJun 24, 2025

704/39 Cavenagh Street, Darwin City, NT, 0800

$485,000

3
2
2
152 m²

Apartment

30+ days on the market

Sold: Jun 24, 2025

What's around 704/39 Cavenagh Street

Top Floor Luxury with 7.5% Yield – High-Return Investment with Stunning Views

For more property information text 704CAV to 0488 810 057 Investor alert – Short-stay rental income approx. $8,000/month during peak season! Perched on the top floor of the iconic Kube building, this THREE-bedroom apartment offers panoramic views across Darwin City and beyond. With a prime CBD location and unbeatable elevation, this property presents a golden opportunity for both lifestyle buyers and investors chasing strong returns. Inside, the apartment features an open-plan layout with cool tiled floors and air conditioning throughout. The kitchen is both stylish and functional, complete with stone benchtops, quality Miele appliances, a dishwasher, and colourful splashbacks that add personality to the space. All three bedrooms include built-in robes, and the master boasts its own ensuite along with direct access to the full-width balcony where you can soak up incredible city and rooftop views. The main bathroom is thoughtfully designed with generous storage, and there's also a separate internal laundry for added convenience. The top-floor position not only maximises privacy and light but also elevates the appeal for short-stay guests. This apartment has been quoted to generate around $8,000/month during the dry season or can be leased at $720/week, offering a 7.5% gross yield. Residents enjoy access to a secure entry system, a stunning in-ground pool, and an unbeatable location close to restaurants, shops, and Darwin's waterfront precinct. • Top Floor Position with Spectacular Views • Council Rates: Approx. $1,715 per annum • Area Under Title: 152m² • Year Built: 2014 • Zoning: CB (Central Business) • Status: Vacant Possession • Rental Estimate: Approx. $680 – $720 per week • Body Corporate: North Management • Body Corporate Fees: Approx. $2,783 as of 31/07/25 • Conveyancer: TBA • Settlement: 45 days or variation on request • Deposit: 10% or variation on request • Easements: As per title

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