18 George Crescent
Fannie Bay, NT 0820

Overview

Smart investment with exceptional potential

This one-bedroom apartment, tenanted until March 2027, presents an effortless investment opportunity in a prime location. Nestled quietly on the fringes of East Point Reserve, it is just moments away from the foreshore and the shops of Fannie Bay.

• Located in a small, quiet complex
• Positioned on the first (top) floor
• Features neutral tones and tiled floors throughout
• Generous bedroom with built-in robes
• Bathroom equipped with shower and integrated laundry
• Air-conditioned with louvres for airflow
• Small balcony at the front of the unit
• Allocated parking space for one car
• Excellent location in a sought-after suburb

This apartment is ideal for investors, with a tenant already in place, making it a solid addition to your portfolio. There is also potential for value-adding through updates.

Situated on the top floor of a double-storey complex, the apartment offers a peaceful and private living space in a fantastic location. The layout is compact yet practical, designed for low maintenance and minimal upkeep.

High ceilings create a light and airy atmosphere in both the open-plan living area and the spacious bedroom. The kitchen is neatly arranged, seamlessly connecting to the open-plan space for easy interaction.

The bedroom features a wall of built-in storage, and the bathroom includes an integrated laundry. Additional features include air conditioning, louvres, and a small balcony at the front of the unit. Parking is allocated for one vehicle.

Location is a significant advantage here. The apartment is within walking distance to the foreshore, where scenic pathways lead to Lake Alexander and East Point Reserve.

It is also a short stroll to the iconic Fannie Bay Coolspot and its surrounding amenities, as well as the Sailing and Trailer Boat Clubs. Parap is nearby, and Darwin CBD is just a 10-minute drive away.

Status: Leased until March 2027 at $330 per week
Area under Title: Approximately 70 square metres
Year built: Approximately 1992
Body Corporate Fees: Approximately $1,185 per quarter
Darwin City Council Rates: Approximately $1,800 per annum
Zoning: LMR (Low-Medium Density Residential)

Location