For more property information text 169BAG to 0488 810 057
Priced to Sell - Renovate and Revalue. This is the investment opportunity you've been waiting for. Five tenanted, one-bedroom units on a non-strata title in one of Darwin's most central pockets-minutes from the CBD, Casuarina, and the stunning Nightcliff coastline. Yes-it needs some love. But that's 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 You're 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. It's producing income right now and offers huge potential for those ready to make it shine. Whether you're adding to your portfolio or looking for a reno project with guaranteed returns-this is it. Secure it now, modernise later-and 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
