2024/55 Cavenagh St, Darwin City, NT 0800

Set And Forget Investment Opportunity

Currently leased by Metro Hotel until January 2027 with additional 5-year options for renew.

Positioned on the second floor is this fantastic dual key apartment consisting of a 1 bedroom apartment with its own balcony and a studio apartment which can be connected via an internal lockable door potentially creating a 2 bedroom apartment. With the long-term lease in place this property is the perfect set and forget investment.

Features Include:
� Dual key consisting of a one-bedroom apartment and studio on the one title
� Modern bathrooms
� Generous sized bedrooms
� Split-system air conditioning throughout
� Pool in popular city centre apartment complex
� Furniture is owned by hotel
� Annual CPI rent reviews

Ideally set in the popular Metro Apartments complex, walking distance to a huge range of bars, restaurants and cafes in the heart of the city.

Year Built: 2004
Area under title: 100m�
Body Corporate Manager: Network pacific
Body Corp Admin Fund: Paid by Metro Hotel under current lease.
Body Corp Sinking Fund: $552 approx. twice per annum.
Council Rates: $1,600 approx. per annum.
Status: Leased at approx. $1,336 p/month until Jan 2027

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