Situated in the blue chip suburb of Stuart Park, this property provides a stepping stone to your future. Featuring 2 x 4 bedroom 2 bathroom, 2 storey townhouses and a fully self contained 1 bedroom stand alone unit to the rear. The original construction of the front 2 townhouses was 4 x 2 bedroom units and the complex could be reverted back to the original floorplans with some structural modifications ie external stair case etc.
The full complex is currently receiving income at $1,430 per week.

The properties are situated on a large block zoned MD in a mixed dwelling location with several MD blocks currently under rezoning application to MR.
This is an ideal funding investment, many land banks ( MD Blocks) are purchased with no or low rental returns that do not go anywhere near covering the holding costs of said blocks. The financial freedom and income this property poses significantly more room for future developments and or holding.
The inner Darwin location of the property provides great access to the CBD without suffering the inherited traffic conditions, higher risk finance and higher holding costs. Although the condition of the properties is not wholly modern or new, the size, construction and vicinity to amenities still market this property to the higher rental market as well as the mid range.

Situated on 2 strata’d blocks this makes the purchase much easier when arranging finance and produces greater financial security.

Contact Sam Wilks on 0402 152 929 today to arrange an appointment.