Waterfront Investment Gem with 11.49% Gross Yield & Proven Income
For more property information text 337KIT to 0488 810 057
337/19 Kitchener Drive offers the ultimate in high-return investing and executive waterfront living. Perfectly positioned in Darwin's thriving Waterfront Precinct, this luxury two-bedroom two-bathroom apartment has been one of the most successful holiday rentals at the Waterfront over the last 10 years. With a consistent gross income of $117,478 over the past 12 months to 30 June 2025, this investment delivers an impressive gross yield of 11% - a very rare opportunity in today's market.
Whether you're an investor seeking strong, consistent returns or a lifestyle buyer wanting the buzz of the city with the serenity of the sea, this property delivers the best of both worlds. ________________________________________ Key Features: -Two-bedroom luxury apartment with premium finishes throughout -Wall-to-wall sliding glass doors open to a full-width double sized balcony overlooking the Darwin Wharf and Harbour -Sip Champagne while watching the largest cruise ships berth right out in front! -Stylish kitchen with stone benchtops, island and breakfast bar -Upgraded Kitchen & Bathrooms x 2 circa 2022 -Open plan living/dining with tiled floors and effortless flow to outdoor entertaining -Security screens to main balcony from bedrooms -Ducted Airconditioning throughout -Master with walk-in robe and ensuite; both bedrooms with balcony access -Quality window furnishings and roller blinds tastefully decorated with matching pelmets -Dedicated home office workstation and ample storage throughout (basement storage cage) -Internal laundry, intercom entry, secure fob access and 2 x garage parking -Complex feature landscaped parklands and guest parking -Pet-friendly apartment, perfect for city professionals or couples ________________________________________ Investment Appeal: -Operating successfully as a premium short-stay rental for the last 10 years -Proven annual gross income of $117,478 year on year -11% Gross Yield - Outstanding investment with consistent holiday rental income -Sold Fully Furnished (worth $15,000) with optional extra Motor Vehicle (Toyota Corolla Hatch extra $10,000) -Ready to move in or take over holiday rental bookings -Currently managed by Top End Short Stays at 15% + GST Management Agreement for the next 12 months -Turnkey-ready - live in, rent out long-term or continue as a high-yield holiday let
Location Highlights: -Situated in the vibrant Darwin Waterfront Precinct -Directly above buzzing cafes and restaurants - ideal for brunch or late-night dining -Stroll to the wave pool, lagoon, and water park -Minutes to the CBD, Mindil Beach and the Botanic Gardens -Easy access to Wharf Precinct and bustling Smith & Mitchell Streets
Secure one of Darwin's top-performing waterfront investments and enjoy the flexibility of a high-income asset with unbeatable lifestyle appeal. Enquire today - opportunities like this don't last long.
The finer points: -Council Rates: Approx. $1,760 per annum -Area Under Title: 130 meters squared -Year Built: 2009 -Zoning: CB (Central Business) -Body Corporate: North Management -Body Corporate Levies: Approx. $2,112 per quarter -Body Corporate Special Levies: $1,190 quarter 3 & 4 2025 only -Settlement period: 45 days or variation on request -Easements: As per title -Deposit: 10% or variation on request
