2032/55 Cavenagh Street

Darwin City NT 0800

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 outgoingsThe finer points:Council Rates: Approx. $1,760 per annumArea Under Title: 86 meters squaredYear Built: 2004Zoning: CB (Central Business)Status: Tenanted for the next 12 yearsCurrent Monthly return: $922.70/monthBody Corporate: NetworkBody Corporate Levies: Approx. $195.75 per quarterSettlement period: 45 days or variation on requestEasements: As per titleDeposit: 10% or variation on request