121 & 123 Playford Street, PARAP, NT 0820
Development Potential
Six Figure Income Stream with 1708sqm of land!

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:
For Sale:
Offers over $1,750,000
Property Area
1708 m² (*approx)
Property Type
Residential, Townhouse Sites, Townhouse Sites
Development Potential
Residential Development Opportunity (STCA)

Due Diligence Tool

121 & 123 Playford Street, PARAP, NT 0820
Enquire Now