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 boasts one of the largest balconies and has been one of the most successful holiday rentals at the Waterfront in the the last 10 years. With a consistent gross income of $120,714 ++ over the past 12 months, this investment delivers an impressive gross yield of 11.49% 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 and amazing sunsets
-Wall-to-wall sliding glass opens to a full-width double sized balcony overlooking the wharf and Darwin Harbour
-Sip Champagne while watching the largest cruise ships berth right out in front!
-Stylish kitchen with stone benchtops, island and breakfast bar
-Open plan living/dining with tiled floors and effortless flow to outdoor entertaining
-Ducted Airconditioning throughout
-Master with walk-in robe and ensuite; both bedrooms with balcony access
-Dedicated home office nook and ample storage throughout
-Internal laundry, intercom entry, secure fob access and 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 $120,714 year on year
-11.49% Gross Yield - Outstanding investment with consistent short-stay rental income
-Sold Fully Furnished (worth $10,000) with optional extra Motor Vehicle (extra $10,000)
-Ready to move in or take on future holiday rental bookings
-Currently managed by Top End Short Stays at 15% Management Agreement for the next 12 months

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

Fast Facts:
-Gross income: $120,714 (past 12 months)
-Gross yield: 11.49%
-Strong Airbnb track record with over a decade of consistent bookings
-Turnkey-ready - live in, rent out long-term or continue as a high-yield holiday let

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