5 Mackillop StreetParap NT 0820
Property Details for 5 Mackillop St, Parap
Last Listing description (June 2022)
The Para Vista Motel is located a short stroll from the Parap Village Markets, Parap Hotel and only few minutes from Fannie Bay race course and Darwin City.
19 rooms plus a 3 bedroom cottage, pool, BBQ area and ample car parking on a 1530 sqm block.
Great opportunity to purchase a freehold and perhaps in the future consider selling the lease and retire.
* Exceptional investment opportunity with a very high net profit
* Recent renovations and upgrades to all 19 rooms
* Outstanding guest reviews (8.0 Superb Booking.com) assuring repeat clientele
* Short walking distance to restaurants, markets and Parap hotel
* Very popular motel with consistent year on year income & profits
* Air-conditioned, satellite TV and free Wi-Fi
* In house laundry service and guest kitchen
* Ancillary income from communications tower with a perpetual lease
With the local real estate market booming, the Para Vista Motel presents a perfect opportunity to purchase a rock solid freehold motel in area with very little budget accommodation.
Make your enquiry today and receive more information on the motel, why not book an inspection and take a look around town while you are here, you're sure to be impressed.
Nearby Attractions
Parap Market: 0.6 km. Museum & Art Gallery of the Northern Territory: 1 km. Darwin Botanic Gardens: 1.1 km. George Brown Darwin Botanic Gardens: 1.1 km. Fannie Bay Race Course: 1.2 km. Aquascene: 2.9 km. Darwin Entertainment Centre: 2.9 km. Crocosaurus Cove: 3 km. Mindil Beach: 1.3 km.
Restaurants & cafes...
Restaurant Parap Tavern: 0.3 km. Raging Bull Steakhouse: 0.3 km. Oka Teppanyaki Restaurant: 0.8 km. Darwin Sailing Club: 1.2 km.
Property History for 5 Mackillop St, Parap, NT 0820
- 14 Apr 2021Listed for Sale $2,238,000
- 04 Nov 2020Listed for Rent $500 / week
- 12 May 2017Listed for Sale Expressions of Interest
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About Parap 0820
The size of Parap is approximately 1.1 square kilometres. It has 11 parks covering nearly 11.7% of total area. The population of Parap in 2011 was 1,975 people. By 2016 the population was 2,759 showing a population growth of 39.7% in the area during that time. The predominant age group in Parap is 30-39 years. Households in Parap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parap work in a professional occupation. In 2011, 45.6% of the homes in Parap were owner-occupied compared with 34.1% in 2016.
Parap has 1,833 properties. Over the last 5 years, Houses in Parap have seen a 21.57% increase in median value, while Units have seen a 27.70% increase. As at 31 October 2024:
- The median value for Houses in Parap is $779,500 while the median value for Units is $325,196.
- Houses have a median rent of $750 while Units have a median rent of $575.
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