PRICE SLASHED - REDUCED TO SELL

Zoned MR - possibility to build 14 x 2 bedroom apartments, 4 storeys. Subject to town planning.

LARGE 1020 Square Metre allotment ; Easement Free. CORNER BLOCK;

Lucrative Opportunity to purchase 7 LEASED units in beachside suburb; Rapid Creek. No Body Corporate. Good cash flow which gives you plenty of options

6 x 2 Bedroom and 1 x 1 bedroom apartment with returns of OVER 6%.
Council Rates: $8584 per annum

The current complex comprises of 3 x downstairs units and 3 x upstairs units; one stand alone, all with their own balconies off the living areas


Other features you will LOVE about the apartments;
>>Solid Brick construction
>> Well maintained complex/units.
>> Each unit is spacious, airy, TWO large bedrooms, Roomy living areas, Robes and Air conditioning
>> Communal laundry with some room for bicycles (daily rides along the foreshore any one???!)
>> 1x car park per unit with additional room for second vehicle or guest parking.
>> Centrally located; the complex is within walking distance to beach, local schools and shops, public transport, weekend markets and short drive to Darwin CBD or Casuarina.

With this future High Rise Opportunity, In this fantastic beachside suburb with a significant holding income from day one... What else could you ask want?

Additional Features: Insect Screen, TV Antenna, Close to transport/shops/school/park/beach,