Magnum - 6% net return
- 8.5 years remaining on Lease
- 6% nett return
Conveniently positioned in the heart of the CBD on Woods Street just off Knuckey Street.
Magnum is located close to the corner of Woods Street and Knuckey Street in the heart of the Darwin CBD.
North Commercial NT are proud to present this unique offering of 12 units at Magnum, 44 Woods Street, Darwin City for sale in one line or individually. Each property is secured by a long-term lease to national accommodation provider, RNR Serviced Apartments.
Magnum is a new boutique 40 unit residential development with a combination of one bedroom plus study and two bedroom plus study apartments.
The asking price reflects a net return of 6% and there is 8.5 years remaining on the first term, with 4 x 5 year options.
Apartment 104 is a 2 bedroom unit returning $28,530 and the asking price is $475,500 including $7,500 for the furniture package.
For more information please contact exclusive agents Ryan Doyle 0405 192 389 or Lee Doyle 0403 348 243 at North Commercial NT.