12/16 Houston Street
Larrakeyah, NT 0820

Positioned in one of Darwin's most sought-after suburbs, this beautifully presented apartment offers an excellent blend of lifestyle, location, and investment potential.

The property currently enjoys a rental income of $625 per week until 6th July 2026, with a new lease signed for $675 per week from 7th July 2026 until 6th July 2027, providing a gross return on investment of approximately 7.5% per annum. The body corporate levies are low, at approximately $1,437 per quarter.

Overlooking the lush fairways of the Gardens Golf Course and capturing stunning sunset views across Mindil Beach and beyond, this apartment represents a rare opportunity to secure a quality property in a tightly held pocket of Larrakeyah.

The apartment has been thoughtfully renovated throughout, featuring a clean and contemporary white palette, updated kitchen and bathrooms, and solid brick construction designed to endure. Ocean breezes flow effortlessly through the home, creating a relaxed tropical atmosphere year-round.

Located just moments from the Darwin CBD, Mindil Beach Markets, the Waterfront Precinct, restaurants, cafes, and entertainment venues, the lifestyle appeal is undeniable.

For investors, the numbers are compelling. A long-term tenancy is already in place, with tenants recently committing to a further 12-month lease until July 2027. Returning $675 per week and delivering an impressive 7.5% ROI, this is a genuine set-and-forget investment in a proven growth location.

Property Highlights:

• 2 bedrooms and 2 bathrooms
• 1 car park on title
• Spectacular golf course and sunset views
• Ocean breezes and tropical lifestyle
• Updated kitchen and bathrooms
• Modern white colour palette throughout
• Solid brick construction
• Long-term tenants secured until July 2027
• Rental return of $675 per week
• Approximate 7.5% gross rental yield
• Premium Larrakeyah location close to Darwin CBD, Mindil Beach, and The Gardens

Whether you are looking to grow your investment portfolio or secure a quality property in one of Darwin's premier suburbs, this opportunity should not be missed.

Additional Details:

• Council Rates: Approximately $1,800 per annum
• Area Under Title: 75 square metres
• Year Built: 1984
• Zoning: HR (High Density)
• Status: Tenanted until July 2027 for $675 per week
• Body Corporate Levies: Approximately $1,437 per quarter
• Settlement period: 45 days or variation on request
• Easements: As per title
• Deposit: 10% or variation on request