169 Bagot Road

Ludmilla NT 0820

This is the investment opportunity youve been waiting for. Five tenanted, one-bedroom units on a non-strata title in one of Darwins most central pocketsminutes from the CBD, Casuarina, and the stunning Nightcliff coastline.
Yesit needs some love. But thats where the upside is. Priced to reflect the work, this block is a blank canvas for the smart investor ready to roll up their sleeves and add serious value.

The Numbers:
Asking Price: $895,000
Total Rental Income: $1,270/week
Gross Yield: 7.4%
Land Size: 870sqm
Zoning: LMR (Low-Medium Density Residential)
No Body Corp Self-Managed

What Youre Getting:
5 x 1-bed, 1-bath units all individually tenanted
Solid brick construction with scope to refresh
Private courtyards + laundry space under verandas
Secure front entry, open plan living, functional kitchens
Off-street parking for each unit

Rental Breakdown:
Unit 1 $280/week (Lease to Feb 2026)
Unit 2 $290/week (Lease to Aug 2025)
Unit 3 $260/week (Lease to October 2025)
Unit 4 $210/week (Periodic tenant since 2010)
Unit 5 $240/week (Periodic tenant since 2014)

Location, Location:
5 mins to CBD, Casuarina, and Home Maker Village
Near public transport, parks, schools, and day care
5 mins to East Point + Nightcliff Foreshore
Grab a weekend coffee at The Cool Spot

The Opportunity:
This block has great bones and long-standing tenants. Its producing income right now and offers huge potential for those ready to make it shine. Whether youre adding to your portfolio or looking for a reno project with guaranteed returnsthis is it.
Secure it now, modernise laterand watch your yield grow.

Other Info:

Council Rates: Approx. $8,744 per annum
Area Under Title: 870 square metres
Year Built: 1972
Zoning: LMR (Low-Medium Density Residential)
Body Corporate: Self Managed
Vendors Conveyancer: Lawlab
Settlement period: 45 days or variation on request
Easements: As per title
Deposit: 10% or variation on request