157/21-23 Cavenagh Street, Darwin City, NT 0800

Body Corp Fees - $1,383.89 per qtr
Council Rates - $1,721.86 (FY25)
Body Corp Manager - Elite
Property Manager - Darwin Property Group
Lease - expires June 2026
Rent - $500 per week

Situated in the heart of Darwin’s CBD, this stylish top-floor studio apartment presents an outstanding opportunity for the astute investor. Located within the popular Metro Building on Cavenagh Street, this fully furnished residence is leased until June 2026 at $500 per week, delivering a gross rental return of over 11%.

Beautifully refurbished and positioned on the top floor, the apartment enjoys an elevated and light-filled outlook. The open-plan studio layout offers a clever use of space, combining living, dining, and sleeping areas in a modern, low-maintenance design. The kitchen is well appointed with ample storage and appliances, and the interiors have been updated to offer a fresh and contemporary feel.

This is a true walk-in, walk-out investment, with quality furnishings included and a strong lease in place. A secure, allocated car space is an added bonus in the CBD, ensuring practicality for tenants and enhancing rental appeal. The Metro Building offers secure entry and lift access, providing comfort and peace of mind for residents.

Just steps from Darwin’s best cafes, restaurants, nightlife, and shopping, this inner-city location ensures high demand and consistent rental returns. With no further outlay required and strong income already secured, this property is a smart choice for investors seeking solid cash flow in a premium city setting.

Enquire today to secure one of the best value returns on the market.