A phenomenal once in a generation opportunity to secure a block of 6 strata titled units!!

IN-ROOM AUCTION | THURSDAY 22ND AUGUST, 12PM
Location: Ray White Darwin (36 Parap Road, Parap)

Property Specifics:

Year Built: Post Const - issued in 1995
Council Rates: Approx. $11,640 per year for all 6 units
Area Under Title: 1370 square metres
Rental Estimate: Approx. $380-$420 per week
Vendor's Conveyancer: Cassandra Mammino
Preferred Settlement Period: 30-45 days from the contract date
Preferred Deposit: 10%
Easements as per title: None found
Zoning: LMR (Low-Medium Density Residential)
Status: Tenanted

CURRENT ARRANGEMENT
- All 6 units are strata titled
- There is no body corporate
- All units are being auctioned as one sale on Thursday 22nd of August at 12:00pm
- There is an agreed option for unit 1
- Shared common laundry area
- Undercover parking
- Pool in complex

Lease Details:
1/12: Lease end - month to month | $780 FM
2/12: Lease ends - 14/09/24 | $760 FN
3/12: Lease ended - Month to month |$760 FN
4/12: Lease ends - 14/09/24 | $760 FN
5/12: Vacant
6/12: Lease ends - 23/12/24 | $760 FN
NB: All tenants are interested in sigining leases with the new owner.

This is a phenomenal opportunity to secure a stand alone block of 6 strata titled units, on a prime 1370 sqm of land. This complex backs onto Bayview Park and is just moments from East Point Reserve.

The complex has one undercover parking for each unit and two visitor car parks. Each unit has been allocated it's own private veggie patch, which has been built from a water tank.

Friendly long term tenants who are wanting to sign extended leases.

Opportunities of this calibre in this location do not come on the market and are generational properties.

AUCTION TERMS
30 day settlement | 10% deposit

Auction will be held In Room and online. Bidding can be in person at the Ray White Darwin office, over the phone, or via online app if you interstate.

Registrations: Please contact Andrew Harding 0408 108 698

Explore the area

School catchments

SEDA College NT Secondary 10-12 Independent 0.77km
Parap Primary School Primary T-6 Government 1.7km
Darwin Middle School Secondary 7-9 Government 2.3km
Darwin High School Secondary 10-12 Government 2.3km
Northern Territory School of Distance Education Secondary 9-12 Government 2.4km
Ludmilla Primary School Primary T-6 Government 2.5km
St John's Catholic College Secondary 7-12 Catholic 2.6km
Stuart Park Primary School Primary T-6 Government 2.8km
SEDA College NT - Waratah Club campus Secondary Independent 3.2km
Millner Primary School Primary T-6 Government 4.1km
St Paul's Catholic Primary School Primary T-6 Catholic 4.4km
Larrakeyah Primary School Primary T-6 Government 4.4km
Nightcliff Primary School Primary T-6 Government 4.5km
St Mary's Catholic Primary School Primary T-6 Catholic 4.6km
The Essington School - Senior Campus Secondary Independent 4.7km
Nightcliff Middle School Secondary 7-9 Government 4.8km
The Essington School Combined T-12 Independent 4.8km
SEDA College NT - Tennis NT campus Secondary Independent 5.4km
Jingili Primary School Primary T-6 Government 5.6km
Moil Primary School Primary T-6 Government 6.1km
Casuarina Senior College Secondary 10-12 Government 6.2km
SEDA College NT - St Mary's Club campus Secondary Independent 6.2km
SEDA College NT - Terriory Rugby League Stadium campus Secondary Independent 6.3km
Alawa Primary School Primary T-6 Government 6.4km
Wagaman Primary School Primary T-6 Government 7.0km
Anula Primary School Primary T-6 Government 7.1km
Nakara Primary School Primary T-6 Government 7.2km
Sanderson Middle School Secondary 7-9 Government 7.8km
Dripstone Middle School Secondary 7-9 Government 7.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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