This large 1300sqm prime re-development block is located in the heart of one of Darwin's premier suburb.
It is currently holding an old 1960s pre-cyclone elevated home, which has had a two bedroom unit built under, there is a large shed and an in-ground pool, the property would suite handy man or builder as the home needs lots of T L C or is ready for re development, Zoned for Multiple Dwelling (formerly R2) and located minutes drive to the new wharf precinct and Darwin's vibrate city, This represents a rare and an amazing opportunity given the severe land shortage.
Approx rental income of $600 per week
Year Built: 1960
Zoning: MD
Council Rates: approx $2,700.00 (per annum)
Vendor's Conveyancing Agent: Conveyancing Plus
