92 Woods Street, Darwin City NT 800

This centrally located block of 8 units is up for auction. Bidding expected to start at $1.2 million.

The property is comprised of 7 studio apartments and a 2-bedroom apartment, all solidly constructed and requiring little to no maintenance. Each features kitchen and bathroom facilities, a private courtyard, airconditioned and comes fully furnished. There is off street parking for each unit and common laundry and washing facilities are also provided.
These units produce an excellent rental return as are always easily rented out. Bringing in about $100,000 per annum.

The options are endless with this property. The new purchaser could return the property back into a hotel/motel, keep as is and easily rent out to produce a year-round income, hold onto as a land bank, start fresh and develop as there is zoning to build up to 30 storeys, or put into a super fund.

The location is second to none being so close to all the amenities the CBD has to offer. Restaurants, shops, beaches, Casinos, Gardens, gyms, schools, University and Waterfront precinct.

- Each unit is fully strata titled
- Total of 8 self-contained units
- 7 x studios and 1 x 2-bedroom unit
- Communal washing facilities
- Off street parking
- Great income potential
- Fantastic development opportunity
- Desirable location
- 876 sqm under title
- Zoned CB (Central Business)

For any more details regarding this property give Rick Trippe a call on 0411 234 567.