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
Offers over $1,750,000
1708 m² (*approx)
Residential, Townhouse Sites, Townhouse Sites
Residential Development Opportunity (STCA)