121 & 123 Playford Street, PARAP, NT 0820

Development Potential
Six Figure Income Stream with 1708sqm of land!

OPENN NEGOTIATION: To bid on this property or observe, please download the 'Openn Negotiation' app from the app store or go to openn.com.au, create an account and search for the property address. The Final Bidding Stage is subject to change and may be brought forward as early as today. Search openn.com.au for further information.

This complex boasts a whopping $118,000* return per annum in the blue chip suburb of Parap.

The property improvements include 6 x 2 bedroom units PLUS a 3 bedroom house, PLUS a 2 bedroom house on 1,708sqm prime land.

This complex is located close to the Fannie Bay Race Course, Fannie Bay Fore Shore, local shops, Schools, cafe's and the recently opened $15.5 million dollar Parap Swimming Pool.

* Open plan 6 x 2 bedroom units

* Large 3 bedroom house, detached with own courtyard

* Separate 2 bedroom house

* Outstanding buy and hold opportunity

* Solid brick construction

* Open common grassed area

* Private laundry facilities

* Located close to the Fannie Bay Racecourse, local shops and East Point Reserve.

* Convenient off-street parking for residents.

Annual Rental Income: $118,000*

Area Under Title: 1,708 Square Metres

Darwin Council Rates: $11,180 Per Annum (Approximately)

Remember to mention you found this property on DevelopmentReady.com.au

For Sale:
Openn Negotiation
Property Area
1708 m² (*approx)
Property Type
Residential, Townhouse Sites, Townhouse Sites
Development Potential
Residential Development Opportunity (STCA)

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121 & 123 Playford Street, PARAP, NT 0820

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