5 Mackillop Street, Parap, NT 0820 | Property Value & History | OnTheHouse
 
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5 Mackillop Street
Parap NT 0820

Bedrooms: 9
Bathrooms: 9
Car spaces: 9
Floor area: 1100m2
Land area: 1530m2
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Property Details for 5 Mackillop St, Parap

Building Type
Commercial
Year Built
1974
Floor Size
1100m2
Land Size
1530m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 1801/OP 001196

Last Listing description (June 2022)

The Para Vista Motel is located a short stroll from the Parap Village Markets, Parap Hotel and only few minutes from Fannie Bay race course and Darwin City.

19 rooms plus a 3 bedroom cottage, pool, BBQ area and ample car parking on a 1530 sqm block.

Great opportunity to purchase a freehold and perhaps in the future consider selling the lease and retire.

* Exceptional investment opportunity with a very high net profit
* Recent renovations and upgrades to all 19 rooms
* Outstanding guest reviews (8.0 Superb Booking.com) assuring repeat clientele
* Short walking distance to restaurants, markets and Parap hotel
* Very popular motel with consistent year on year income & profits
* Air-conditioned, satellite TV and free Wi-Fi
* In house laundry service and guest kitchen
* Ancillary income from communications tower with a perpetual lease

With the local real estate market booming, the Para Vista Motel presents a perfect opportunity to purchase a rock solid freehold motel in area with very little budget accommodation.

Make your enquiry today and receive more information on the motel, why not book an inspection and take a look around town while you are here, you're sure to be impressed.

Nearby Attractions
Parap Market: 0.6 km. Museum & Art Gallery of the Northern Territory: 1 km. Darwin Botanic Gardens: 1.1 km. George Brown Darwin Botanic Gardens: 1.1 km. Fannie Bay Race Course: 1.2 km. Aquascene: 2.9 km. Darwin Entertainment Centre: 2.9 km. Crocosaurus Cove: 3 km. Mindil Beach: 1.3 km.

Restaurants & cafes...
Restaurant Parap Tavern: 0.3 km. Raging Bull Steakhouse: 0.3 km. Oka Teppanyaki Restaurant: 0.8 km. Darwin Sailing Club: 1.2 km.

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Property History for 5 Mackillop St, Parap, NT 0820

A timeline of how this property has performed in the market
Last Sold
$900,000
03 Apr 2007
Listed for Rent
$500/w
04 May 2021
  • 14 Apr 2021
    Listed for Sale $2,238,000
  • 04 Nov 2020
    Listed for Rent $500 / week
  • 12 May 2017
    Listed for Sale Expressions of Interest
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About Parap 0820

The size of Parap is approximately 1.1 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of Parap in 2016 was 2747 people. By 2021 the population was 2819 showing a population growth of 2.6% in the area during that time. The predominant age group in Parap is 30-39 years. Households in Parap are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Parap work in a professional occupation.In 2021, 36.10% of the homes in Parap were owner-occupied compared with 34.10% in 2016.

Parap has 1,834 properties. Over the last 5 years, Houses in Parap have seen a 37.39% increase in median value, while Units have seen a 12.44% increase. As at 30 November 2025:

  • The median value for Houses in Parap is $912,802 while the median value for Units is $406,316.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 10 properties listed for sale, and 12 properties listed for rent in Parap on OnTheHouse. According to Cotality's data, 112 properties were sold in the past 12 months in Parap.

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