1 & 2/42 Kurrajong Cresent, Nightcliff NT 810

These two units have been a great investment for the late owner. But now after 25 years of continuous ownership they are coming to the market and the instructions are clear. Liquidate these units. Currently leased by long term tenants and returning $600 per week the numbers stack up for this one. Set only one street back from the popular Nightcliff foreshore the location is hard to beat. Solid clay brick with concrete roofs they originate from a bygone era when things were built to last. Set out in Duplex style there is one unit in front of the other. The rear unit has a large open back yard which is fully fenced. The front unit has a fenced yard also and also enjoys the front garden facing the street. Originally there were 4 unit on this site but the top two were blown away in Cyclone Tracy. The zoning LMR would allow more units to be constructed under this zoning however the size of the allotment 780m2 may limit this option. Technical planning advice would be required to explore this possibility. Off street parking is provided for a number of vehicles.
This property will go under the hammer on site on 29th January 2022. For more information and inspection call Roxley Pearce 0418 895 345