2/93 Woods Street, DARWIN CITY NT 0800

SOLID INVESTMENT ON SERVICED HOLIDAY APARTMENT GUARANTEED

Unit SOLD - DARWIN CITY NT

All About Real Estate is proud to present to the market this fantastic investment opportunity – price $290,000

Situated in the CBD, this two bedroom self contained apartment is part of the City Gardens Holiday Apartments.

Rent now – $1,803.27 per month = $415 per week – next annual review 30/6/2025.
Body Corp Fees – $ 380 per quarter = $ 1,520 per annum
Council Rates – $ 412 per quarter = $ 1,649 per annum

This complex, consisting of 16, 2 bedroom apartments. The existing lease term has had an additional 5 years added, so its secure for 20 years in total. The rent is paid monthly in advance.

These opportunities rarely come up for offer as this complex as been tightly held among the owners and this being the first up for sale in a ten year period, It shows you the value of the investment and its financial security.

These are ideal for clients setting this up as a super fund asset and providing income for a retiree.

The body corporate is self managed and the only additional costs are council rates.

The onsite management team look after the common property and units, letting out for short term holiday and or business rental.

Central fully shaded lagoon style pool is set amid tropical gardens and a BBQ area with shade for added comfort.

Contents of the property are owned by the management of the complex. The apartment has recently installed a new inverter split system air conditioners, the bathroom has been renovated and an internal paint throughout done February 2017.

At this asking price – return 7.46% gross or 6.36% net(less expenses)

Council Rates: $1649 Per Annum
Self managed Body Corporate: $380 Per Quarter