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Double digit returns

31 George Cr, FANNIE BAY NT 0820

266
$1,800,000

Opportunities like this are extremely rare.

Located in the highly sought after Fannie Bay and occupying 1,030sqm of prime real estate is an investment opportunity unlike any other in Darwin.

The longstanding Bayview Lodge comprises 26 single accommodation rooms. All rooms are airconditioned equipped with single bed, desk and TV.

The managers quarter has its own bathroom and kitchenette.

The ground level is home to the common living area as well as communal kitchen which is well equipped and fully functional. Laundry facilities include two coin operated washing machines and dryers and externally is an undercover seating or dining area as well as an in ground spa.

Male and female bathroom facilities are located on level one.

This whole site has been extremely well maintained both inside and out and is ready to reignite as budget accommodation. Given the current rental market this could prove to be extremely popular and present an extremely healthy return.

Property Features
  • Block Of Units
  • 26 bed
  • 6 bath
  • Land is 1,050 m²
  • Built In Robes
  • Broadband
  • Outdoor Entertaining
  • Split System Aircon
  • Satellite
  • Street View
Real Estate Agent
Frank Schembri
Director
0425 254 641