For more property information text 337KIT to 0488 810 057 337/19 Kitchener Drive offers the ultimate in high-return investing and executive waterfront living. Perfectly positioned in Darwin’s thriving Waterfront Precinct, this luxury two-bedroom two-bathroom apartment has been one of the most successful holiday rentals at the Waterfront over the last 10 years. With a consistent gross income of $117,478 over the past 12 months to 30 June 2025, this investment delivers an impressive gross yield of 11% - a very rare opportunity in today’s market. Whether you’re an investor seeking strong, consistent returns or a lifestyle buyer wanting the buzz of the city with the serenity of the sea, this property delivers the best of both worlds. ________________________________________ Key Features: • Two-bedroom luxury apartment with premium finishes throughout • Wall-to-wall sliding glass doors open to a full-width double sized balcony overlooking the Darwin Wharf and Harbour • Sip Champagne while watching the largest cruise ships berth right out in front! • Stylish kitchen with stone benchtops, island and breakfast bar • Upgraded Kitchen & Bathrooms x 2 circa 2022 • Open plan living/dining with tiled floors and effortless flow to outdoor entertaining • Security screens to main balcony from bedrooms • Ducted Airconditioning throughout • Master with walk-in robe and ensuite; both bedrooms with balcony access • Quality window furnishings and roller blinds tastefully decorated with matching pelmets • Dedicated home office workstation and ample storage throughout (basement storage cage) • Internal laundry, intercom entry, secure fob access and 2 x garage parking • Complex feature landscaped parklands and guest parking • Pet-friendly apartment, perfect for city professionals or couples ________________________________________ Investment Appeal: • Operating successfully as a premium short-stay rental for the last 10 years • Proven annual gross income of $117,478 year on year • 11% Gross Yield – Outstanding investment with consistent holiday rental income • Sold Fully Furnished (worth $15,000) with optional extra Motor Vehicle (Toyota Corolla Hatch extra $10,000) • Ready to move in or take over holiday rental bookings • Currently managed by Top End Short Stays at 15% + GST Management Agreement for the next 12 months • Turnkey-ready – live in, rent out long-term or continue as a high-yield holiday let Location Highlights: • Situated in the vibrant Darwin Waterfront Precinct • Directly above buzzing cafes and restaurants – ideal for brunch or late-night dining • Stroll to the wave pool, lagoon, and water park • Minutes to the CBD, Mindil Beach and the Botanic Gardens • Easy access to Wharf Precinct and bustling Smith & Mitchell Streets Secure one of Darwin’s top-performing waterfront investments and enjoy the flexibility of a high-income asset with unbeatable lifestyle appeal. Enquire today – opportunities like this don’t last long. The finer points: • Council Rates: Approx. $1,760 per annum • Area Under Title: 130 meters squared • Year Built: 2009 • Zoning: CB (Central Business) • Body Corporate: North Management • Body Corporate Levies: Approx. $2,112 per quarter • Body Corporate Special Levies: $1,190 quarter 3 & 4 2025 only • Settlement period: 45 days or variation on request • Easements: As per title • Deposit: 10% or variation on request
Email enquiry to Real Estate Central - DARWIN CITY
Property ID: 148349756
Original Property ID: 148349756