8/93 Woods Street

Darwin City NT 0800

Offering a 6% absolute NETT return on investment

INCOME: $20,540 per annum (paid monthly)
COSTS: $2,900 per annum (Body Corp: $1,400 + Rates: $1,500)
NETT INCOME: $17,640 per annum
NETT ROI: 5.98% per annum

This two-bedroom city apartment is an excellent low-maintenance investment opportunity. It is located in a popular CBD holiday complex, and is suitable for long-term investment or a self-managed super fund (SMSF) with 5+5+5 year lease options. The apartment is well presented throughout and ideally located walking distance to all city cafes, restaurants, bars, shops and attractions.

Low-maintenance floor tiles to living/dining and wet areas
Carpet to both good-sized master and second bedrooms
Contemporary natural tones and good natural light throughout
Generous open-plan living/dining area with verandah access
Elevated verandah overlooks lush tropical gardens to complex
Updated kitchen with quality cabinetry and breakfast bar
Modern bathroom with corner shower and floor-to-ceiling tiles
Built-in robes and air conditioning to both bedrooms
Internal laundry facilities conveniently located in bathroom
Shaded pool and terrace to well-maintained holiday complex

Whether youre looking for a long-term set-and-forget investment property, or are keen to buy into the lucrative travel rental market, this two-bedroom holiday apartment should be at the top of your list.

It is set in a popular low-rise CBD holiday complex that features extensive tropical gardens, and a shaded lagoon-style pool plus terrace for guests to enjoy.

Enter the apartment via the elevated front verandah that overlooks the complexs lush gardens, and continue into the main open-plan living/dining area that is well presented with low-maintenance floor tiles and contemporary neutral tones.

The full-sized adjoining kitchen has been updated with quality modern cabinetry, and the main bathroom has also been renovated with floor-to-ceiling tiles and a corner shower.

There is carpet and built-in robes to the master and second bedrooms, plus split-system air conditioning units to the living/dining area and both bedrooms.

Internal laundry facilities are conveniently set in the main bathroom, and there is plentiful off-street parking in this central city complex.

This is a hassle-free investment, perfect for SMSF and long-term investors which generate at least 5% return on investment . There are only 16 apartments on 2020 sqm valuable CBD land.

Act fast to secure this excellent opportunity and organise your inspection today.

Council Rates: Approx. $1,502 per annum
Area Under Title: 71sqm
Zoning: CB (Central Business)
Status: Leased until 30/06/2026
Rental Amount : $395 nett per week (paid monthly)
Rental Reviews: Annually, calculated by 5.5% x market value
Body Corporate: City Gardens Apartments Operator
Body Corporate Levies: $1,400 per annum
Vendors Conveyancer: Tschirpig Conveyancing
Settlement period: 45 days or variation on request
Deposit: 10% or variation on request
Easements as per title: None Found