10 Grevillea Circuit, Nightcliff, NT 0810

Property Specifics: 

Year Built: 1974
Annual Income: $72,800
Council Rates: Approx. $6,990 per year
Body Corporate: Self Managed
Building Insurance: Approx $2,864.30 per year
Water: Circa $1,200 per quarter
Area Under Title: 823 square metres
Rental Estimate: Approx: $400-$450 per week per unit
Vendor's Conveyancer: TBC
Status: Currently tenanted
Preferred Settlement Period: 30-45 days from the contract date
Preferred Deposit: 10%
Easements as per title: None found
Zoning: MR (Medium Density)
Status: Tenanted

Current rental details:
$350 unit 1 Periodic 
$350 unit 2 Periodic
$350 unit 3 December 2024 
$350 unit 4 September 2025
** Rent can be increased after recent renovations.

Presenting a fantastic opportunity for the savvy investor, this boutique complex comprising of four two-bedroom apartments sits on a quiet circuit, moments from Nightcliff's gorgeous foreshore, relaxed dining options and numerous popular amenities.

- Well-maintained boutique complex in outstanding lifestyle location
- Complex is made up of four two-bedroom, one-bathroom apartments
- Each neatly presented apartment features its own private entrance
- Neutral tones, tiled floors and split-system AC throughout
- Each practical floorplan features open-plan overlooked by tidy kitchen
- Two bedrooms to each apartment, feat. wall of built-in storage 
- Each bathroom offers shower, toilet and adjoining internal laundry
- Balcony to upstairs apartments, landscaped common area at rear
- Shaded parking for two cars provided for each apartment
- Two sets of stairs to the first floor apartments
- No body corporate and each unit has had long-term tenants

Superbly situated within one of Darwin's most sought-after lifestyle settings, this boutique complex provides an excellent investment opportunity and the potential for solid rental returns, ideally suited as an entry-level investment or an addition to a growing portfolio.

Well maintained and well presented, the complex has been recently painted outside and features a new front fence, including attractive landscaping to the rear.

Tenants can share use of the grassy, landscaped courtyard to the rear, plus there is parking for two cars per apartment out front. 

Situated on a quiet circuit, just a short walk from a nearby park and playground, the property is also just a stone's throw from everything that makes this coastal suburb oh-so popular. It's an easy stroll to Nightcliff pool, its schools and other essentials, as well as great dining spots and beautiful seaside walking paths.

Opportunities such as this - especially in this location - do not come around often. Make sure you don't miss out on the incredible potential here, by contacting us today to arrange your inspection.

To arrange a private inspection or make an offer on this property, please contact Andrew Harding 0408 108 698 or Evie Radonich 0439 497 199 at any time.