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Block of Units for Sale in Parap, NT121 and123 Playford St

121 and123 Playford Street, Parap, NT 0820
121 and123 Playford StreetParap NT 0820 AUS
-12.428617 130.848605
$1,590,000
18 Beds
8 Baths

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Six Figure Income Stream!

Property ID 1845019
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)