1010/31 Woods Street

Darwin City NT 0800

The Oaks Building provides a full suite of resort-style amenities including 24/7 reception with secure lobby access, an on-site caf and restaurant, a fully equipped gymnasium, and a sparkling resort-style swimming pool. With building management overseeing the day-to-day operation of the complex, owners enjoy genuine convenience and minimal maintenance responsibilities.

Located in the heart of the Darwin CBD, shopping, dining, entertainment, and everyday conveniences are all within easy walking distance, while the Darwin Waterfront Precinct, Mitchell Street dining and entertainment district, and the Esplanade are only moments away.

The Property

Apartment 1010 is a well-appointed apartment that comprises two generous bedrooms, two bathrooms, an internal laundry, and enjoys an enviable end-position on the northern side of the building with only one common wall. Additional windows throughout the living and dining areas enhance natural light, cross-flow ventilation, and the overall sense of space.

The open-plan living and dining area flows seamlessly onto a private balcony, perfectly positioned to capture uninterrupted views across Darwin Harbour, the city skyline, and spectacular sunsets, creating the ideal space to relax or entertain.

Modern and contemporary throughout, the apartment is fully tiled and air-conditioned and features a spacious kitchen complete with dishwasher, two well-sized bedrooms, two neat and functional bathrooms, two conveniently located linen cupboards, and a practical internal laundry.

Investment & Lifestyle Options

1. Leave As-Is / Set-and-Forget Guaranteed Income

Currently leased to Oaks Building Management, the apartment provides an estimated rental return of approximately $620 per week, equating to a gross return of approximately 6.0% per annum. Rental income is paid monthly and is guaranteed regardless of occupancy or vacancy, making this an ideal hands-off investment for buyers seeking reliable income with minimal involvement.

2. Private or Short-Term Rental

Current market data suggests a private rental estimate of approximately $750$800 per week, representing an estimated gross return of approximately 7.2%7.7% per annum. Alternatively, owners may choose to explore short-term accommodation platforms such as Airbnb, offering flexibility and the potential for enhanced returns depending on occupancy levels and market conditions.

A 90-day notice period applies to transition from the Oaks management lease, with rental income continuing throughout this period, providing a smooth and income-secured pathway to vacant possession.

3. Owner-Occupier Lifestyle

Move in and enjoy the convenience and lifestyle benefits of CBD living, with Darwin's nearby waterfront attractions, vibrant dining scene, cafs, entertainment venues, and everyday amenities all within easy walking distance.

A 90-day notice period applies to transition from the Oaks management lease, with rental income continuing throughout the notice period, providing a financially supported pathway to future owner occupation.

Other Important Property Information

Year Built: 2014
Area Under Title: 110m
Status: Tenanted Oaks Building Management (Ongoing Lease No Fixed Expiry)
Council Rates: Approximately $439 per quarter
Body Corporate Levies: Approximately $1,387 per quarter (increasing from 1 October 2026).

For further information or to arrange a private inspection, contact Simon Connelly from Agency HQ NT on 0411 210 744 or email simon@agencyhq.net.au.