61 Aralia St, Nightcliff, NT 0810

Want de Rowe Real Estate proudly presents this rare and exciting opportunity for the astute investor.
61 Aralia Street is situated on a 1020 m2 block in central Nightcliff. It has 10 established and tenanted 2-bedroom, one-bathroom units with a high value yield. Onsite you will find large common areas, communal laundry and off-street parking for 10 vehicles.  The block is zoned MR (Medium Density) allowing any future developers the potential to build up. 
This block of ten established and well-maintained units are centrally located within a 2 minute walk to the Nightcliff foreshore and all it has to offer. Enjoy being so close to local amenities such as the Nightcliff Sunday Markets, great cafes & restaurants, library, IGA with specialty food items; plus larger Woolworths, health clinics, sporting grounds, Nightcliff Pool, beach, great schools & childcare centres all nearby...and just a 15 minute drive to Darwin CBD.
With the units being only 200 meters from Primary and Middle schools, minutes’ walk to the Nightcliff foreshore and with public transport right outside, these units are highly desirable for tenants and has an extremely low vacancy rate.

Property Specifics 
Year Built: 1983
Annual Income: $202’520.00
Council Rates: Approx. $16,700 per year
Body Corporate: Self-Managed
Building Insurance: Approx  $14,000 per year
Water: Circa $ 3,000 per quarter
Area Under Title: 1020 square metres
Rental Estimate: Approx: $400-$440 per week per unit
Status: Currently tenanted
Easements as per title:  nil Zoning: MR (Medium Density)
Preferred Settlement Period: 30-45 days from the contract date
Deposit: 10%
Currently providing 6.5 % - 7.5 %  return