3059/55 Cavenagh StreetDarwin City NT 0800
Property Details for 3059/55 Cavenagh St, Darwin City
3059/55 Cavenagh St, Darwin City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 99m2. While the property is not currently for sale or for rent, it was last sold in December 2010.
Last Listing description (August 2023)
This is a secure investment with a long-term lease in place located in the center of the Darwin CBD and suitable for investors only. Currently leased by the management of Metro Advance Apartments, the lease started with 4 x 5 year terms with the current lease at the beginning of the second 5 year term, this leaves plenty of secure rental income yet to come for this property.
The location of this property maximises convenience as it is at the geographical center of the Darwin CBD. Next door is the large Woolworths shopping complex, across the road is another hotel and the property is less than 100m from the new Charles Darwin University campus which is currently under construction. The location of the complex is one of the things that ensures the ongoing success of the property, as is the internal amenity such as lift access to each floor, air-conditioned lobby and a pool.
Contained within the title for this property is a twin key investment consisting of a 1 bedroom apartment with private balcony and a studio apartment with both being connected by an internal lockable door meaning it can also be used as a 2 bedroom apartment.
Features include:
* Twin Key 2 dwellings under the one title
* Located in a fully managed Hotel/Motel
* Hard to beat location in the central CBD
* Long lease with multiple options
* Pool in complex
* 1 car park under title
The added advantage of this property is that they are fully equipped with parking so once the Hotel lease runs out you have many options including renegotiating with the Hotel, renting the property yourself or even living in it. This is a great opportunity to purchase an investment property without the hassle of having to find tenants and look after them.
Year Built: 2004
Planning Zone: CB - Central Business
Area under title: 99m (approx)
Body Corp Manager: Network Pacific
Rental Income: $15,420 per year (approx)
Tenant: Pays power, water and sewerage.
Council Rates: $1,600 per year (approx)
Property History for 3059/55 Cavenagh St, Darwin City, NT 0800
- 22 Jun 2022Listed for Sale $279,000
- 23 Dec 2010Sold for $438,000
Recent sales nearby
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0About Darwin City 0800
The population of Darwin City in 2016 was 6464 people. By 2021 the population was 7149 showing a population growth of 10.6% in the area during that time. The predominant age group in Darwin City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation.In 2021, 22.10% of the homes in Darwin City were owner-occupied compared with 22.80% in 2016.
Darwin City has 5,306 properties. Over the last 5 years, Houses in Darwin City have seen a 3.30% increase in median value, while Units have seen a 32.43% increase. As at 31 May 2026:
- The median value for Houses in Darwin City is $643,251 while the median value for Units is $503,237.
- Houses have a median rent of $750 while Units have a median rent of $650.
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