This 961m2 MR zoned allotment is potential loaded. Currently there is a three bedroom home with in-ground pool which is leased through til Feb 09, but the real potential is in the development consent authority permit to build 10 units on the site. The conceptual drawings and permit are included in the sale and the property is bringing in income until the structural / engineering drawings can be finalized.

With the Federal Government encouraging new building by increasing the first home owners Grant for new dwellings to $21,000, there is a window of opportunity to secure this block and profit from the expected surge in the Darwin property market. We are getting enquiry daily for new properties for these buyers to secure and settle.

Located just metres from the beach, the popular Beachfront Hotel and an easy bike ride to the Nightcliff Jetty, the pool, the Rapid Creek Markets as well as Charles Darwin University the property has a lot of pluses.

Should this opportunity look attractive to you, call Roxley Pearce on 0418 895 345 or 89 433 015.

Council Rates: $2,070.00 pa (approx)

Rental Estimate: $400.00 – $430.00 pw (approx)

Lease Details: Leased Until Febuary 2009

Land Area: 961m