4/8 Banyan Street, Fannie Bay NT 820

A rare opportunity to purchase an entry level property in a prestigious location, moments to the iconic East Point Reserve. This affordable one-bedroom unit offers ticks all the boxes and offers low maintenance living in fabulous Fannie Bay. It is perfectly suited to an individual or a couple looking to enjoy the simple pleasures of life and call it home or a savvy investor looking to take advantage and add to the portfolio.

This affordable one bedroom, one-bathroom unit is within walking distance to the ever-popular East Point Reserve and beach, the Fannie Bay Shopping Village and the ever-popular Cool Spot Cafe. Within easy reach of the Parap primary and pre-schools, the Aquatic Centre, Parap Shopping Village, Darwin Middle school and the Trailer Boat Club as well as a myriad of other lifestyle pursuits.

The Darwin CBD is only minutes away and Public transport is close by if required.

The Saturday markets at the Parap Village are operating throughout the year offering some of the best south east Asian cuisine Darwin has to offer or some arts and crafts.

With a total of 53 square metres under title, the unit is in reasonably good condition and a blank canvas that provides the option to renovate further if required. The bathroom was recently refurbished and carpets were also replaced throughout. Split-system air conditioning is also featured throughout.

An open living / kitchen area provides an inviting and homely ambience and leads to the dining area which is the perfect space to entertain dinner guests and friends.

The unit is in a quiet and friendly neighbourhood in a complex of 11 and includes a shared laundry and a single carpark.

The lease agreement runs till 29/07/2020 and is currently leased for $200 per week.

This is undoubtedly a great opportunity for an investor to keep the current tenant on and extend their lease or perhaps move in and enjoy the benefits of living in one of Darwin's most exclusive suburbs at a fraction of the normal cost.

Elders will be practising all required safety measures during an inspection and where possible will provide gloves and hand sanitiser.