1605 / 31 Woods Street
Darwin City, NT 0800

Overview

1605 / 31 Woods Street, DARWIN CITY NT 0800

Situated on the 16th floor of the renowned Oaks Building at 31 Woods Street, Apartment 1605 offers breathtaking 180-degree panoramic views starting from Darwin's Inner Harbour (Frances Bay) and stretching across the city skyline. The apartment is perfectly positioned to enjoy refreshing morning sunrises, with vistas extending to Mindil Beach, Fannie Bay, East Point, and distant views of Nightcliff and Casuarina.

A key highlight of this residence is its exceptionally spacious balcony, a feature exclusive to Apartments 05 and 07 on each floor. This balcony is significantly larger than typical building balconies, providing ample usable space. It is accessible directly from both the living room and the master bedroom, making it an ideal spot for outdoor dining, entertaining guests, or simply relaxing while taking in the expansive views.

Unlike many other apartments on the CBD and harbour side of the building, Apartment 1605 benefits from protection against the intense afternoon sun. This ensures comfortable enjoyment of the balcony and stunning harbour views throughout the afternoon and evening without the discomfort of harsh heat.

The Oaks Building provides residents and visitors with a comprehensive range of resort-style amenities. These include a 24/7 reception with secure lobby access, an on-site café and restaurant, a fully equipped gym, and a sparkling resort-style swimming pool. Located in the heart of Darwin's CBD, the apartment is just a short walk from shopping, dining, and entertainment options, with the Darwin Waterfront Precinct and Mitchell Street only minutes away.

The apartment itself is a well-designed 2-bedroom, 2-bathroom unit featuring an internal laundry, tailored for comfortable and low-maintenance living in the city center. The larger balcony enhances both the livability and value of the property, with sliding door access from the living room and master suite that creates a seamless indoor-outdoor flow.

Inside, the apartment boasts a modern and contemporary design, fully tiled floors, and air conditioning throughout. The spacious kitchen includes a dishwasher, and the two bedrooms are generously sized. Both bathrooms are functional, and the internal laundry adds to the practicality of the home.

Investment and lifestyle options for this property include:

• Leaving the apartment as-is with a set-and-forget guaranteed income through a lease back to Oaks Building Management. This arrangement offers an estimated gross return of 6.0%, paid monthly regardless of occupancy, providing a hands-off investment with no vacancy risk.
• Renting the apartment privately or using short-term accommodation platforms such as Airbnb. This option offers flexibility and the potential for higher returns depending on market conditions. A 90-day notice period applies to transition from the Oaks management lease, with continued monthly rental income during this period, ensuring a smooth and income-secured transition to vacant possession.
• Owner-occupier lifestyle, moving in to enjoy the low-maintenance CBD lifestyle, the larger balcony, resort-style facilities, and prime location. The 90-day notice period applies here as well, with rental income continuing throughout, providing a clear and financially supported pathway to vacant possession and future ownership.

Additional important property information includes:

• Year Built: 2015
• Area Under Title: 116 square meters
• Status: Tenanted under an ongoing lease with Oaks Hotels & Resorts, with no expiry date
• Council Rates: Approximately $439.50 per quarter
• Body Corporate Levies: Approximately $1,744.12 per quarter

Location