1220m2 of prime land in distinguished Fannie Bay with options galore.

Sensational block for family home, large, prominent 1220m2 of premium land in one of the best locations available in a premiere suburb. Positioned on the top of the hill overlooking gorgeous parkland.

While you decide on the finishing touches to your designer home ease the burden with income from the 4 units already on site.
Currently zoned SD (Single Dwelling) and housing 4 units built pre cyclone and individually leased at $350 per week.

Potential plus within Darwin’s “it” suburb and return an income of up to $70K + per annum.

- Ever popular Fannie Bay location with the option to build
- Massive block size of 1220sqm with no easements
- Sea breezes and treetop / parkland views in a quiet leafy street
- Hill top street, directly adjacent family park
- Existing complex of 4 units, 3 ground floor and 1 elevated
- No body corporate or property management fees
- $70K + annual rental income when complex is fully tenanted
- East Point Reserve, Lake Alaxandar, Fannie Bay foreshore, Mindil Beach and renowned local amenities all on your doorstep

If lifestyle is key, you cannot beat a Fannie Bay address featuring scenic cliffs at East Point, beach sunset and foreshore bike paths.

Young families will be perfectly positioned, with schools nearby and all the clubs and sports you could want. All the benefit and convenience of inner city living with none of the noise or parking issues!

Imagine your dream abode, nestling atop the hill and overlooking large parklands………..

Council Rates: $4,900 per annum (approx.)
Area Under Title: 1220m2
Zoning: SD (Single Dwelling)
Building Class: Flat(s)
Year Built: Pre 1975 C
Body Corporate: Not Applicable
Current Rental Income: $350 per week / per unit
Self-managed