Block of Units for sale

5 Nation Crescent,

Coconut Grove, NT

8 6 0
$1,200,000

A rare opportunity to buy 6 units in one block

Auction Location: 5 Nation Crescent, Coconut Grove.

Why buy one - when you can have them all!! Located in the thriving suburb of Coconut Grove - minutes from the city and Casuarina - this is an investors dream opportunity to secure not one, but 6 apartments that produce $92,000 in returns per year!.

This solid brick complex boasts features that not many do - like secure gated entry to the property, parking at the rear for each apartment, renovated interiors with a fresh modern approach and a clean and tidy communal area that the tenants all maintain nicely.

Upstairs are three apartments that each have balcony access at the rear. There are one and two bedroom options so the rental potential is diverse. Downstairs apartments share a communal courtyard which also has the clothes lines and access to the communal laundry on the ground level.

Each apartment is renting between $270.00 and $350.00 and there are 6 leases in place to ensure ongoing returns.

Downstairs consists of 2x1 bedroom units and 1x2 bedroom unit- has a modern kitchen layout, new tiles, two large bedrooms with built in robes and a modern bathroom as well as an open plan design.

Upstairs consists of 2x 1 bedroom units and 1x2 bedroom unit with open plan living and dining, balcony access, bathroom and hallway linen press, bedroom with built in robe and full sized kitchen with breakfast bar.

Leases in place for all 6 apartments
The units have recently been renovated and freshly painted
1 and 2 bedroom options for versatile renters
The units are fully air-conditioned
Upstairs apartments have balcony access
Off street parking for 6 cars at rear of property
Communal laundry
Communal courtyard spans the length of the property
Low maintenance garden
Secure gated entry (no PA system)
Solid brick building
Located 15 minutes to the Darwin CBD and Casuarina
Great location and very sought after rental premises due to the convenient location


Council Rates $8,106 per annum
Electricity approx $200 per annum
Water approx $5,300 per annum
Last updated: 05:28PM on Sep 16th 2017
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