Block of Units for Sale

121 and123 Playford Street Parap, NT 0820

  • 18 Beds
  • 8 Baths

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Block of Units for Sale in Parap

Six Figure Income Stream!

  • 18 Beds
  • 8 Baths

This complex boasts a whopping $131,500* return per annum in the blue chip suburb of Parap. The property improvements include 6 x 2 bedroom units PLUS a 3 bedroom houses positioned PLUS a 2 bedroom house on 1,708sqm prime land. This complex is located close to the Fannie Bay Race Course, Fannie Bay Fore Shore, local shops, Schools, cafe's and the recently opened $15.5 million dollar Parap Swimming Pool.

  • Open plan 6 x 2 bedroom units
  • Large 3 bedroom house, detached with own courtyard
  • Separate 2 bedroom house
  • Strong cash flow of $131,500* per annum
  • Outstanding buy and hold opportunity
  • Solid brick construction
  • Open common grassed area
  • Private laundry facilities
  • Located close to the Fannie Bay Racecourse, local shops and East Point Reserve.
  • Convenient off-street parking for residents.

Annual Rental Income: $131,500*
Area Under Title: 1,708 Square Metres
Planning Scheme Zone: (SD) Single Dwelling
Easements: 121 Playford - Sewerage Easement to Commonwealth of Australia
Sewerage Easement to Power and Water Authority
123 Playford - Sewerage Easement to Power and Water Authority
Darwin Council Rates: $11,180 Per Annum (Approximately)







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