57/21 Cavenagh Street, Darwin City, NT 0800

Discover an extraordinary investment opportunity nestled in the vibrant heart of Darwin city! This property promises an impressive return on investment of approximately 9%, positioning it as a lucrative option for savvy investors. Conveniently located just 50 meters from the vibrant Darwin Mall, this property offers the perfect blend of urban excitement and serene relaxation. A leisurely 1-kilometer stroll will lead you to the stunning Darwin Waterfront, where an abundance of alfresco dining opportunities await, promising delightful culinary experiences against a picturesque backdrop. Embrace the allure of city living while indulging in the tranquility of waterfront charm, all within effortless reach from this exceptional property.

Situated in a prime location, this one-bedroom, one-bathroom unit boasts spacious living areas and a large bedroom, providing ample comfort and convenience. Step out onto the balcony and enjoy breathtaking views of the entire cityscape, creating a captivating backdrop for relaxation or entertaining guests.

With all essential amenities conveniently located downstairs, including cafes and the renowned Cavanagh Street Pub, residents enjoy easy access to everything they need right at their doorstep. The property is currently rented until next year, eliminating any concerns about finding tenants and providing a secure source of income for the foreseeable future.

Don't miss out on this opportunity to secure a prime investment property in one of Darwin's most sought-after locations.

>Council rate: $1649 Annually

>Body Corporate: Elite Strata

>Body corporate fees: $1118 Per Quater

>Floor size: 38sqm

>Stauts: Tenanted

>Tenanted: Leased until 07/10/25

> Rent: $300 per week furnished.

>ROI Yield: 9% Approx.

>Built: 1997