16/93 Woods Street, Darwin City NT 0800

For Sale $349,000 - 5% NET YIELD

  • 2 Bed
  • 1 Bath
  • 1 Car
  • 70 sqm (approx) Land Area

LONG TERM SECURE INVESTMENT

Investors take note of this excellent opportunity for a secure, long-term 5% NET yielding property, providing a genuine set and forget investment. The tightly held City Garden Apartments are situated in the Darwin CBD and consists of 16 two bedroom self-contained serviced apartments., with this apartment being 70sqm in size. The last sale in the complex was in 2010, highlighting what impressive earners they've been for owners over the years.

The complex offers fantastic facilities for it's guests and the apartment, which has been recently renovated, provides a modern and comfortable base that is central to the CDB. This really is a no brainer if you are looking to an investment for your Super or another other type of investor looking to dip into the market at a low cost entry point.

FEATURES AT A GLANCE:

* 2 bedroom, 1 bathroom, 1st floor self-contained serviced apartment

* Open plan living and dining area with balcony overlooking tropical gardens

* Renovated kitchen and bathroom providing a modern feel

* A/C throughout property, tiles in living area, and carpet in bedrooms

* Resort style pool within the complex for guests

* Ideal location only a short walk to the CBD, Waterfront or Mindil Beach

RENT/OUTGOINGS:

* $1,735 per month fixed for 2 years with 3% increase annually thereafter

* Rent review every 5 years adjusted at 5% on valuation

* Option for 3 additional 5 year rental periods

* Rents paid monthly in advance

* Council Rates are $1,400 per annum

* Body Corporate fees are $500 per quarter

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MORTGAGE CALCULATOR




  

This property is proudly listed by:

First National O'Donoghues 141 Mitchell Street
Larrakeyah NT 0820

Open for Inspection

By Appointment

Additional information

Property Type Apartment
Property ID 11052102660
Price $349,000 - 5% NET YIELD
Land Area 70 sqm (approx)