3/24 Harry Chan Avenue
Darwin City, NT 0800

Overview

3/24 Harry Chan Avenue, Darwin City NT 0800

Offered for sale is the highly successful Darwin Executive Studio, a high-end, fully-furnished holiday apartment that has generated consistent income for over 15 years. With a consistent gross income of $41,313 for the past 12 months, this investment delivers a strong 10%+ gross yield, representing a rare opportunity in today's market.

Located within the sought-after 24 Harry Chan Avenue complex, this spacious studio apartment blends modern sophistication with unbeatable convenience. It is perfectly suited for city professionals, executive renters, or the astute investor seeking strong returns and minimal upkeep.

Property Highlights:

• Elegant and tastefully decorated in timeless design.
• Elevated ground-floor studio with city and ocean views.
• Secure complex featuring fob key entry, intercom system, and elevator access.
• Generous open-plan layout combining living, dining, and sleeping areas.
• Full-sized kitchen with ample bench space and overhead cabinetry.
• Mirrored built-in robe offering smart storage solutions.
• Sleek bathroom with integrated laundry in a space-saving design.
• Private balcony ideal for enjoying Darwin's sunrises and wet-season storms.
• Undercover parking, tropical gardens, and complex swimming pool.
• Ideal for owner-occupiers, interstate owners with short-stay arrangement, or long-term renters.

Investment Appeal:

• Operating successfully as a premium short-stay rental for over 15 years.
• Proven annual gross income of $41,313.
• Strong return on investment with a 10%+ gross rental yield for a low-maintenance property.
• One of the lowest body corporate rates in the city for this high-rise, at only $2,640 per annum.
• Sold fully furnished (valued at $8,000) and ready to rent or move in.
• Includes the business name "Darwin Executive Studio" and associated website.
• Currently managed under a 15% management agreement for the next 12 months.

Lifestyle & Location:

• Situated right in Darwin's CBD, within walking distance to cafes, shops, restaurants, and nightlife.
• Minutes from Darwin Waterfront, Smith Street Mall, Mitchell Street, and other key precincts.
• Close proximity to Darwin Wharf and Waterfront precinct.
• Enjoy city living with refreshing sea breezes and stunning sunrises from the balcony.

This is a rare chance to secure a premium apartment in a high-demand location offering consistent returns and luxurious appeal. Whether expanding an investment portfolio or seeking the ultimate city retreat, this property delivers on every front.

The Finer Points:

• Council Rates: Approximately $1,794 per annum.
• Area Under Title: 71 square meters.
• Year Built: 1999.
• Zoning: Central Business (CB).
• Pool Status: In Complex.
• Status: Holiday Let Bookings.
• Body Corporate: Ace Body Corporate.
• Body Corporate Levies: Approximately $660 per quarter.
• Settlement period: 45 days or variation on request.
• Easements: As per title.
• Deposit: 10% or variation on request.

Location