2037/55 Cavenagh Street, Darwin City, NT 0800-Image

For Sale

2037/55 Cavenagh Street, Darwin City, NT 0800

Offers Over $530,000

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Bathrooms

Parkings

Last updated on Saturday, July 11, 2026 ( See property details for 2037/55 Cavenagh Street, Darwin City, NT 0800)

Offers Over $530,000

Shyam Thapa - Real Estate Agent - Wealthmax Real Estate - MILLNER

Shyam Thapa Director / Principal / Licensee

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-key apartment in the heart of Darwin CBD offering immediate rental income, resort-style amenities, and flexible living or investment opportunities.

🏡 Property Highlights

Dual-key title with two separately leased apartments for flexible living and investment options
Currently generating a combined gross rental income of $850 per week ($44,200 annually)
Prime CBD location within walking distance to Darwin's amenities, waterfront, and marina
Resort-style facilities including a swimming pool, gym, BBQ area, and secure lobby access
Modern, move-in-ready apartments with split-system air conditioning and full-sized kitchens
Potential for rental growth as leases are renewed and current leases are close to expiry

✨ Key Features

Air Conditioning
Open-Plan Living
Built-in Robes
Swimming Pool
Security Screens / Gates
Outdoor Area / Balcony
Gym
Ceiling Fans
Open-Plan Living
Waterfront / Views

Suburb and Property Insights of Darwin City, NT 0800

Darwin CBD offers vibrant city living with easy access to cafes, restaurants, retail outlets, and the waterfront. The area boasts strong rental demand, excellent amenities, and a lively lifestyle. Its central location ensures convenience for residents and investors alike, with proximity to Cullen Bay Marina and the Darwin Waterfront. The neighbourhood combines modern urban living with tropical lifestyle benefits, making it highly desirable for tenants and owners. The area’s ongoing development and strong community vibe contribute to its appeal as a premier investment and lifestyle destination.

Frequently Asked Questions

What are the current lease terms and potential for rental increase?

The apartments are currently leased at $500 and $350 per week, with potential rental increases to approximately $600–$650 and $400–$420 per week respectively upon lease renewal, subject to market conditions.

Are there any restrictions on future use or modifications of the dual-key property?

Future use or modifications are subject to council approvals and zoning regulations; the property is zoned CB (Central Business), which may influence permissible alterations.

What are the ongoing costs associated with the property?

Annual costs include approximately $1,758 in council rates, $2,491.65 quarterly in admin fund, and $409.63 quarterly in sinking fund contributions.

Is the property suitable for owner-occupiers or only investors?

The property is highly versatile, suitable for owner-occupiers seeking dual living arrangements or investors looking for immediate rental income with potential for growth.

What management options are available for the property?

Investors can manage the property independently or engage reputable management agencies; Metro Advance Apartments offers on-site management for hassle-free operation.

What to ask about this property to agent?

Are there any upcoming council or development plans in the area that could affect the property’s value or usage? What are the terms of the existing leases, and are there any restrictions on sub-leasing or future tenancy changes? Are there any known defects, repairs, or maintenance issues with the apartments or building infrastructure? Is the property compliant with all building codes and safety regulations, including fire safety and accessibility? Are there any easements, covenants, or zoning restrictions that could limit future modifications or use? What are the strata or body corporate rules, fees, and special levies applicable to the complex? Is there any planned construction or development nearby that could impact privacy, noise, or views? What are the flood, bushfire, or other environmental risks associated with the property’s location? Are there any additional costs or fees not disclosed, such as special levies or upcoming repairs? What is the process for renewing or increasing the current leases, and are there any restrictions?

2037/55 Cavenagh Street, Darwin City, NT 0800 - More Details

Offers Over $530,000

Type: Unit
Bedrooms: 3
Bathrooms: 2
Parkings: 1
House Size: 113 m²

Interactive Property Floorplan - 2037/55 Cavenagh Street, Darwin City, NT 0800

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2037/55 Cavenagh Street, Darwin City, NT 0800 - Point Of Interest

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Your Commute at a Glance: 2037/55 Cavenagh Street, Darwin City, NT 0800

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2037/55 Cavenagh Street, Darwin City, NT 0800

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