120/15 Musgrave Crescent, Coconut Grove, NT 0810

Unit 120 presents an exceptional chance for investors seeking strong, secure returns in a modern and well-located complex. Built in 2015 and leased to the NT Government until February 2026 (with a renewal option until 2031), this two-bedroom, two-bathroom apartment offers peace of mind with guaranteed rental income.

Stylishly designed and well presented, the apartment boasts a generous open-plan layout with quality finishes throughout. A sleek kitchen with stone benchtops, stainless steel appliances, and ample storage flows seamlessly into the living space and out to a private balcony overlooking lush, tropical surrounds perfect for relaxing or entertaining.

Both bedrooms feature mirrored built-in robes and their own bathrooms, making this a functional and appealing layout for tenants. Split-system air conditioning and glossy tiled floors provide year-round comfort and easy-care appeal.

Set within a secure complex, residents also enjoy access to resort-style facilities including a 25-metre swimming pool, BBQ area, and community room. Two secure car parks and a lockable storage room add to the convenience.

Property Highlights:
- Leased to the NT Government at $2,383.33 per calendar month until February 2026, with renewal option until 2031
- 2 spacious bedrooms, each with its own bathroom
- Open-plan living flowing to a leafy private balcony
- Quality kitchen with stone benchtops, modern appliances & ample storage
- Fully air-conditioned with split systems throughout
- Secure complex with gated entry, pool, and community facilities
- Two car spaces plus a lockable storage unit
- Moments from the Nightcliff Foreshore and Jetty, walking distance to Nightcliff Shopping Centre and local markets, just 5 minutes to Casuarina Square and 15 minutes to Darwin CBD

Additional Information:
Year Built: 2015 
Area Under Title: approx. 100 sqm
Council Rates: approx. $1,430 per annum
Body Corporate Fees: $1,430 per quarter approx.
Body Corp Manager: Altitude Management
Status: Tenanted until Feb 2026 at $550 per week, with 5 year option to extend 
Zoning: MR (Medium Density Residential)

Whether you’re an experienced investor or starting your portfolio, Unit 120 offers the ideal combination of low-maintenance, high-yield returns in a sought-after location.

Contact Abi Wheeler today to secure this set-and-forget investment.