Cullen Bay Leased Investment - Estimated Gross ROI over >7.5%
The Property
Located on the 3rd floor of Marina View Apartments, Apartment 30 is a charming 1-bedroom, 1-bathroom residence that has recently undergone a full interior repaint. This property is exceptionally rare for a 1-bedroom apartment, offering 3 car parks and a storage room on title—a feature that’s hard to find and highly sought after. The apartment also boasts stunning Cullen Bay Marina views from the balcony, lounge, and living areas, providing a serene and picturesque ... Read more
Located on the 3rd floor of Marina View Apartments, Apartment 30 is a charming 1-bedroom, 1-bathroom residence that has recently undergone a full interior repaint. This property is exceptionally rare for a 1-bedroom apartment, offering 3 car parks and a storage room on title—a feature that’s hard to find and highly sought after. The apartment also boasts stunning Cullen Bay Marina views from the balcony, lounge, and living areas, providing a serene and picturesque ... Read more
The Property
Located on the 3rd floor of Marina View Apartments, Apartment 30 is a charming 1-bedroom, 1-bathroom residence that has recently undergone a full interior repaint. This property is exceptionally rare for a 1-bedroom apartment, offering 3 car parks and a storage room on title—a feature that’s hard to find and highly sought after. The apartment also boasts stunning Cullen Bay Marina views from the balcony, lounge, and living areas, providing a serene and picturesque living environment.
The bathroom has been thoughtfully renovated, and the kitchenette is equipped with a small dishwasher and cooktop. Offered fully furnished and self-contained, this apartment is ready for immediate move-in. The spacious master bedroom includes a built-in cupboard, offering ample storage space.
Building Facilities include a Swimming pool, BBQ facilities, building lift, landscaped tropical gardens and secure undercroft car park (currently undergoing improvements).
This property offers an exceptional opportunity for investors seeking a low-maintenance, high-demand asset in a prime location. Situated just a short walk from the vibrant Cullen Bay shopping, dining, and café precinct, it presents significant appeal to a range of potential tenants, from first-home buyers and downsizers to those seeking short-term accommodation options like Airbnb. With its proximity to local amenities and popular attractions, this property promises strong rental returns and potential for long-term growth, making it an ideal addition to any investment portfolio.
The Return
Leased at $450 per week, until September 2025, providing an estimated Gross ROI of over >7.5%.
Highlighted Property Features:
• 3 Car Parks plus Storage – a rare find for a 1-bedroom apartment!
• Cullen Bay Marina views
• 1 Bedroom x 1 Bathroom
• Balcony with stunning views
• Combined bathroom/laundry
• Good-sized bedroom with built-in cupboard
• Interior fully repainted
• Swimming pool
• Building BBQ facilities
• Building lift
Location Points of Interest:
• Cullen Bay Restaurant, Shopping & Café Precinct – approx. 350m
• Mindil Beach Casino & Mindil Beach Markets – approx. 1.5km (3 min)
• Darwin City – approx. 2.3km (5 min)
• Darwin International Airport – approx. 10.8km (13 min)
• Charles Darwin University – approx. 13.2km (18 min)
• Casuarina Shopping Centre – approx. 12.6km (16 min)
• Royal Darwin Hospital – approx. 15.5km (21 min)
Other Important Information
Area Under Title: 97sqm
Council Rates: $1,367.00 (approx.) p.a.
Body Corporate Manager: Whittles
* Admin Fee: $1,793.00 (approx.) p.q.
* Sinking Fund: $359.00 (approx.) p.q.
Easements as per Title: None Found
Status: Currently Leased at $450 per week, expiring September 2025
Preferred Deposit: 10% or variation upon request
Preferred Settlement: 45 days or variation upon request
Seize the opportunity to own this unique property in one of Darwin’s most desirable locations! For all enquiries and private inspections, contact Simon Connelly 0411 210 744 or email simon@ofndarwin.com.au.
Located on the 3rd floor of Marina View Apartments, Apartment 30 is a charming 1-bedroom, 1-bathroom residence that has recently undergone a full interior repaint. This property is exceptionally rare for a 1-bedroom apartment, offering 3 car parks and a storage room on title—a feature that’s hard to find and highly sought after. The apartment also boasts stunning Cullen Bay Marina views from the balcony, lounge, and living areas, providing a serene and picturesque living environment.
The bathroom has been thoughtfully renovated, and the kitchenette is equipped with a small dishwasher and cooktop. Offered fully furnished and self-contained, this apartment is ready for immediate move-in. The spacious master bedroom includes a built-in cupboard, offering ample storage space.
Building Facilities include a Swimming pool, BBQ facilities, building lift, landscaped tropical gardens and secure undercroft car park (currently undergoing improvements).
This property offers an exceptional opportunity for investors seeking a low-maintenance, high-demand asset in a prime location. Situated just a short walk from the vibrant Cullen Bay shopping, dining, and café precinct, it presents significant appeal to a range of potential tenants, from first-home buyers and downsizers to those seeking short-term accommodation options like Airbnb. With its proximity to local amenities and popular attractions, this property promises strong rental returns and potential for long-term growth, making it an ideal addition to any investment portfolio.
The Return
Leased at $450 per week, until September 2025, providing an estimated Gross ROI of over >7.5%.
Highlighted Property Features:
• 3 Car Parks plus Storage – a rare find for a 1-bedroom apartment!
• Cullen Bay Marina views
• 1 Bedroom x 1 Bathroom
• Balcony with stunning views
• Combined bathroom/laundry
• Good-sized bedroom with built-in cupboard
• Interior fully repainted
• Swimming pool
• Building BBQ facilities
• Building lift
Location Points of Interest:
• Cullen Bay Restaurant, Shopping & Café Precinct – approx. 350m
• Mindil Beach Casino & Mindil Beach Markets – approx. 1.5km (3 min)
• Darwin City – approx. 2.3km (5 min)
• Darwin International Airport – approx. 10.8km (13 min)
• Charles Darwin University – approx. 13.2km (18 min)
• Casuarina Shopping Centre – approx. 12.6km (16 min)
• Royal Darwin Hospital – approx. 15.5km (21 min)
Other Important Information
Area Under Title: 97sqm
Council Rates: $1,367.00 (approx.) p.a.
Body Corporate Manager: Whittles
* Admin Fee: $1,793.00 (approx.) p.q.
* Sinking Fund: $359.00 (approx.) p.q.
Easements as per Title: None Found
Status: Currently Leased at $450 per week, expiring September 2025
Preferred Deposit: 10% or variation upon request
Preferred Settlement: 45 days or variation upon request
Seize the opportunity to own this unique property in one of Darwin’s most desirable locations! For all enquiries and private inspections, contact Simon Connelly 0411 210 744 or email simon@ofndarwin.com.au.
