3045/55 Cavenagh Street

Darwin City NT 0800

* Set and forget investment providing $22,923.17 net income last FY.
* 5.9% Net Return on investment (ROI)
* Long term lease to Transmetro Hotels until 2027.
* Option for lease extension after 2027 (5+5+5 years)
* Price negotiable. Motivated interstate sellers.
* Cheap Body Corporate levies. Only $328 per quarter.

Offering a twin room with a shared common door, this property can be rented as a 1 bedroom suite and a secondary twin suite or joined into a lux 3 bedder.

Suite 1 (Room 3045A) has a single bedroom design with a small streamlined kitchenette with twin burner cooktop and a private ensuite bathroom. This room includes its own built in robe, study desk and has views over the city skyline.

Suite 2 (Room 3045B) is a two bedroom design with a full kitchen that has stocked pantry and overhead storage space along with prep areas to work from. Open plan living and dining areas along with sliding doors through to the balcony.
Down the hallway there are two bedrooms each with a built in robe and A/C the master with a private ensuite bathroom. The main bathroom hosts the laundry amenities in a space saving design.

Within the complex there is a swimming pool and gym along with outdoor entertaining areas, a staffed reception desk, secure elevator access and more.

Walk to the city in under 2 minutes or up the road to exercise along the Esplanade. There are bus routes nearby, schooling options, city lights and late nights and access to the Water Front as well with seasonal actives and dining options.

Key features -

Versatile investment opportunity
Suite 1 is a single bedroom design with ensuite bathroom, BIR and A/C
Kitchenette includes a small cooktop and fridge
Study desk and small sitting area in this compact apartment
Suite 2 includes a full kitchen and open plan living areas
Sliding doors from the living room to the balcony
2 bedrooms each with a robe and A/C - master bedroom with ensuite bathroom
Main bathroom has the laundry amenities
Relaxing bath tub / shower combo in the bathroom
Elevator and secure lobby with staffed reception desk
Swimming pool and gym in the complex

Council Rates: Approx. $
Area Under Title:
Year Built: 2004
Zoning: CB (Central Business)
Status: Leased to Transmetro Hotels until 2027
Body Corporate: Network Pacific Strata Management
Body Corp Levies: Approx. $328 per quarter
Vendors Conveyancer: Law Lab Conveyancing
Settlement period: 45 days or on variation on request
Deposit: 10% or variation on request
Easements as per title: none found