72/52B Mitchell Street

Darwin City NT 0800

OVER 9% RETURNS!
THIS IS YOUR OPPORTUNITY TO PURCHASE A ONE BEDROOM, 6 BED DORM APARTMENT IN THE BROLGA AWARD WINNING 'MELALEUCA ON MITCHELL' ACCOMODATION COMPLEX. THE PROPERTY CURRENTLY EARNS ALMOST 10% RETURN PER ANNUM WITH INCREASES LINKED TO CPI. THE BODYCORPORATE FEE'S ARE PAID BY THE ONSITE MANAGERS AND RATES ARE PART PAID BY THE MANAGERS ONSITE. THIS PURPOSE BUILT BACKPACKER HOSTEL COMPRISED OF 98 STRATA TITLED UNITS IS SITUATED IN THE HEART OF THE CITY'S ENTERTAINMENT AND NIGHTLIFE DISTRICT. THE DARWIN TRANSIT CENTRE IS LOCATED OPPOSITE WITH FACILITIES FOR INTERSTATE COACHES, SHUTTLE BUSES AND LOCAL TOURS. THE FACILITIES HAVE BEEN DESIGNED FOR THE SHORT TERM TRAVELLERS. THE COMPLEX FEATURES A LEISURE DECK, SELF CATERING KITCHEN, 2 POOLS, WATERFALL SPA, OUTDOOR POOL TABLE, LICENSED BAR AND A 4 METRE BIG MOVIE SCREEN. THE MELALEUCA ON MITCHELL IS STROLLING DISTANCE TO PUBS, CLUBS, RESTAURANTS AND SHOPS. MELALEUCA HAS THE HIGHEST STREET APPEAL OF ANY BUDGET ACCOMODATION IN DARWIN. POWER AND WATER, INSURANCE AND BODY CORP FEES ARE ALL PAID FOR BY THE HOSTEL MANAGEMENT PRIOR TO PAYMENT OF RENTAL FEE'S MAKING THIS A HASSLE FREE INVESTMENT.