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$1,050,000 SHORT STAYS APPROVED
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.
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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
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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
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For Sale
Property Details
Apartment
Price Range $1,050,000 SHORT STAYS APPROVED
Get in touch with us

agent_1
Simon Watts
Sales Professional
agent_2
Michelle Gunawardena
Sales Associate to The Simon Watts team