902/16 Harvey Street

Darwin City NT 0800

With a secure long term DHA lease in place, this modern property is ideally suited for the investor looking for a stress free investment that will offer a healthy yield, strong long term growth prospects and excellent re-sale value in the future.

Situated in one of the most popular recently constructed buildings on the fringe of Darwin’s CBD.

Currently returning $675 per week with lease expiring March 24th 2031 plus option for DHA to renew for up to a further 3 years to March 24th 2034. Rent is reviewed annually on Dec 31st and is calculated at market rate or rent at time of lease commencement March 2022 which was $645 (Whichever is the greater)

A fantastic 2 bedroom, 2 bathroom, 2 car park. Situated on the 9th floor apartment within a building which has proven very popular and is one of the most recent addition’s to Darwin's Skyline. The building is synonymous with high build quality, great communal facilities and being kept in immaculate condition.

• Genuine and ultra safe set and forget investment
• Fantastic tax depreciation write off benefits for investors being relatively new
• Rent paid 52 weeks per annum, even if vacant
• Great growth upside in fast gentrifying location on city fringe
• Positioned on the 9th floor of an immaculate inner-city apartment complex
• Fantastic views over Darwins CBD and to water at Fannie bay
• Located on front left corner of building
• Strategically located to take advantage of future Darwin plans
• Constructed by award winning GT Builders in 2016
• High end finishes everywhere you look
• Stone bench tops and porcelain floor tiles throughout
• High quality Ariston & Euromaid appliances
• Expansive outdoor terraces showcase year round alfresco living
• Communal podium terrace with built-in BBQ and recreational pool & gymnasium
• Short walk to a vibrant dining and shopping precinct
• Each unit comes with its own lock up basement storage along with 2 carparks
• Leased at $675 a week currently, which looks likely to hold or rise a fraction over coming years with no new unit developments and Darwin’s housing shortage putting upwards pressure on rental prices particularly for modern, well located apartments.

Nothing needs to be done to the unit and if it did, DHA take care of it with their property maintenance (management) fees. You can relax and when it is time to sell, be assured that the property will be given back to you in good order, re-painted and any wear and tear rectified as per the lease.

Harvey Street offers a peaceful yet convenient location that continues its rapid gentrification on city fringe ideally positioned to take advantage of future Darwin plans. Great access to major arteries in and out of town with the recent addition of Garramilla Boulevard. The property is also located close to the Water Front area, Cullen Bay Marina, the CBD of course and has access to bus routes and public amenities.

This unit is in a low risk price bracket representing one of the safest, smartest & stress free options currently available for those looking to purchase a modern unit in and around Darwin's CBD.

A really smart time in the Darwin property cycle to purchase an inner city apartment. Darwin is currently the cheapest capital city in Australia to buy and the 2nd most expensive to rent making it a ‘no brainer’ for investors. Rents have risen far faster than prices for inner city units in Darwin resulting in by far the best yields on offer of any capital city in Australia.

If you are looking for a great set and forget capital growth investment which also boasts really healthy rental income then you’ll be hard pressed to find better than this one!

Investing with DHA - This property is for sale on behalf of a DHA lessor and has a DHA (Defence Housing Australia) lease in place. Visit dha.gov.au to learn about the benefits of investing in DHA property.

DHA regulations mean that this property will be available for private inspection only and to prequalified buyers only.

The rent displayed is the current rental figure. Photos supplied are for illustration purposes only.

Outgoings include: DHA management/maintenance fee of 13% (inc GST)
Body Corp Rates: $1,411 admin $134 sinking per quarter (includes building insurance, water, on site caretaker)

Lease renewal option 1 x up to 36 months
Note: The option to renew is at DHA’s discretion
DHA to make good any wear and tear before handing back property at lease end.

Council Rates: $1,900 per annum (approx.)
Date Built: 2016
Area Under Title: 135 square metres
Zoning Information: CB (Central Business)
Status: Tenanted with DHA at $675 per week until March 2031 (annual rental reviews)
Body Corporate: Whittles Body Corporate
Body Corporate Levies: $1,545 per quarter
Easements as per title: None found