211-212/90 Esplanade

DARWIN CITY

For Sale

$399,000

Investor only special. 10% Return.

The Esplanade in Darwin is the prime hotel strip in the area with a number of top hotels and resorts sharing this address. Currently managed by the Mantra Group, who managed 2 CBD hotels in Darwin, this property produces solid returns. The Esplanade is a part of Darwin's green belt and includes over a kilometer of lush maintained parkland with walking rails, playgrounds and great places for picnics, all while overlooking the stunning Darwin Harbour.

The hotel is also walking distance to many attractions such as Crocosouras Cove, The deck chair cinema, Parliament House and the Mitchell ST entertainment district. The amazing location and quality management ensures this property get the lions share of visitors to the Darwin Area.

This is a twin key unit essentially doubling the income potential of the property. This unit from November 2020 - May 2021 (seven months) has a gross income of over $37,000. Income statement and breakdown of expenses are available on request.

Note: This property is available for investors only.

Area under title: 99m²
Body Corporate Manager: Altitude Management
Body Corporate Fees: $2559 (approx) per quarter
Council Rates: $1,550 (approx) per year
Easements: Nil on title
Status: Investors only