59/21 Cavenagh St, Darwin City NT 800

Located right in the heart of Darwin CBD and approximately 300m to the CDU Darwin City Campus, is this currently tenanted studio apartment producing an attractive 8.7% gross return.

This apartment should continue to represent a healthy return on investment as the new CDU campus ramps up and rental accommodation becomes even more scarce.

Its simplicity and location make it an attractive option for investors looking for cash flow with minimum fuss.

The apartment offers the occupant intercom access, level three position, with easy lift access and withing close proximity to supermarkets, cafes, restaurants, GPO, GP facilities as well as all Darwin CBD has to offer.

There isn't much more to say about this apartment. The numbers and location tell story.

Body Corporate Manager: Elite Strata Management
Body Corporate Levies: $1,202.50/qtr
Council Rates: Approximately $1,900p.a.