2-6/12 Bayview Street, Fannie Bay NT 820

IN-ROOM AUCTION | THURSDAY 22ND AUGUST, 12PM
Location: Ray White Darwin (36 Parap Road, Parap)

Property Specifics:

Year Built: Post Const - issued in 1995
Council Rates: Approx. $11,640 per year for all 6 units
Area Under Title: 1370 square metres
Rental Estimate: Approx. $380-$420 per week
Vendor's Conveyancer: Cassandra Mammino
Preferred Settlement Period: 30-45 days from the contract date
Preferred Deposit: 10%
Easements as per title: None found
Zoning: LMR (Low-Medium Density Residential)
Status: Tenanted


CURRENT ARRANGEMENT
- All 6 units are strata titled
- There is no body corporate
- All units are being auctioned as one sale on Thursday 22nd of August at 12:00pm
- There is an agreed option for unit 1
- Shared common laundry area
- Undercover parking
- Pool in complex

Lease Details:
1/12: Lease end - month to month | $780 FM
2/12: Lease ends - 14/09/24 | $760 FN
3/12: Lease ended - Month to month |$760 FN
4/12: Lease ends - 14/09/24 | $760 FN
5/12: Vacant
6/12: Lease ends - 23/12/24 | $760 FN
NB: All tenants are interested in sigining leases with the new owner.

This is a phenomenal opportunity to secure a stand alone block of 6 strata titled units, on a prime 1370 sqm of land. This complex backs onto Bayview Park and is just moments from East Point Reserve.

The complex has one undercover parking for each unit and two visitor car parks. Each unit has been allocated it's own private veggie patch, which has been built from a water tank.

Friendly long term tenants who are wanting to sign extended leases.

Opportunities of this calibre in this location do not come on the market and are generational properties.


AUCTION TERMS
30 day settlement | 10% deposit

Auction will be held In Room and online. Bidding can be in person at the Ray White Darwin office, over the phone, or via online app if you interstate.

Registrations: Please contact Andrew Harding 0408 108 698