824-825/90 Esplanade, Darwin City NT 800

Investors take note. In the heart of Darwin, overlooking the city, with glimpses of Darwin Harbour and just a brief walk to the CBD and Darwin's buzzing entertainment hub, this delightful serviced apartment is a rare offering and hassle free set and forget investment opportunity for the savvy investor! The Esplanade is a part of Darwin's green belt and includes over a kilometre of lush maintained parkland with walking paths, playgrounds and great outdoor spaces for picnics, all while overlooking the stunning Darwin Harbour. The Esplanade in Darwin is the prime hotel strip in the area with a number of top hotels and resorts sharing this address. Currently being managed by Accor at Mantra on the Esplanade.

Positioned on the 8th floor (top floor) with magnificent city views, the dual key apartment features one traditional style (studio) hotel room with ensuite and one single bedroom apartment with ensuite, separate lounge, dining, well-appointed kitchenette and a breezy balcony. Both the studio and the one bedroom apartment are being sold fully furnished.

Financials:
July 2022 - Gross rent received was $19,958.90. Net rent was $15,161.24
Gross income for the 21-22 FY was approx. $73,521.80
Net returns for 21-22 FY was approx. $49,884.09
Management fees approx. 17% + GST

Please refer to the letting agreement for all other costs incurred.

Key features:
- Prime top floor dual key apartment
- 824 is a studio style 1 bedroom with a bathroom
- 825 is a 1 bedroom apartment with separate living/dining area, kitchenette & ensuite with a private balcony
- Pool in the complex
- Great city views

Please note that this opportunity is for investors only.

Viewing strictly by appointment only!

Council Rates: $1,580 p/a
Area Under Title: 86 square metres
Year Built: 1995
Zoning: CB (Central Business)
Body Corporate: Altitude Management
Body Corporate Levies: $3,421.90 p/q
Vendors Conveyancer: Lawlab
Settlement period: 30 days or negotiable
Deposit: 10% or variation on request
Easements as per title: None found