1506 / 31 Woods Street
Darwin City, NT 0800

Overview

1506 / 31 Woods Street, DARWIN CITY NT 0800

Positioned on the 15th floor of the iconic Oaks Elan Darwin building at 31 Woods Street, this apartment offers sweeping panoramic views across Darwin’s Inner Harbour and Frances Bay. The orientation is perfect to enjoy stunning Darwin sunrises and expansive high-rise vistas that extend to Mindil Beach, Fannie Bay, Eastpoint, with Nightcliff and Casuarina visible in the distance.

This property provides an ultimate low-maintenance lifestyle in the Darwin CBD, ideal for professionals, downsizers, or investors seeking a secure lock-and-leave address in the heart of the city.

The Oaks Elan Darwin features resort-style amenities including 24/7 reception with secure lobby access, an on-site café and restaurant, a fully equipped gym, and a sparkling outdoor swimming pool. Building management takes care of day-to-day upkeep, ensuring genuine hands-free ownership. The prime CBD location places shopping, dining, entertainment, the Darwin Waterfront Precinct, and Mitchell Street all within easy walking distance.

The apartment itself is modern and well-appointed, comprising one bedroom and one bathroom. It includes an internal laundry and an open-plan living and dining area that flows seamlessly onto a spacious balcony, designed to maximize the stunning inner harbour and coastal views. The balcony is an ideal spot to start the day with breakfast while watching the sunrise over Frances Bay and the Inner Harbour, offering a daily ritual of tropical serenity perfect for relaxing, entertaining, or simply soaking in the scenery.

The interior is fully tiled and air-conditioned throughout, featuring a contemporary kitchen equipped with a dishwasher and ample cupboard storage. The master bedroom is generously sized, complemented by a functional bathroom with internal laundry facilities.

Buyers have two clear pathways: a secure investment with guaranteed income or flexible living options for higher potential returns.

• Set-and-Forget Investment (Oaks Management Leaseback): The apartment is currently leased under the ongoing Oaks Building Management lease, offering an estimated gross return of 6.9% ROI. The lease payments are made monthly regardless of occupancy, eliminating vacancy risk. The lease has no fixed expiry date, providing a hassle-free and secure investment opportunity.
• Owner-Occupy or Independent Leasing: After the required notice period per the letting agreement, the owner can take vacant possession to live in the apartment or lease it independently. Leasing options include long-term residential tenancy or short-stay (Airbnb-style) accommodation, which is already established and permitted in the building. Market conditions suggest private long-term rentals may achieve a slightly higher gross ROI, while short-stay rentals have strong potential for significantly higher returns during peak seasons, subject to occupancy, demand, and management, but also market fluctuations and vacancy risk.

Additional property information includes:

• Year Built: 2015
• Area Under Title: Approximately 87 square meters (including balcony)
• Status: Tenanted under Oaks Building Management with an ongoing lease and no expiry
• Council Rates: Approximately $439 per quarter
• Body Corporate Levies: Approximately $1,387.37 per quarter

Internal photos shown are of an identical apartment on a lower floor and are for illustrative purposes only.

Location