208/130 Esplanade, Darwin City NT 0800

Sea-view end unit | premium 243m² floorplate | dual parking | leased income locked in This is a rare configuration in Darwin’s apartment market. The 243m² internal area under title is substantially larger than typical three-bedroom units, and the end position with triple-opening balcony doors gives it the feel of a freestanding residence. The current lease at $950 per week until July 2025 provides immediate holding income, while the complex’s pool, gym, and tennis court reduce the need for external memberships. The property suits a buyer seeking a city base with resort amenities, or an investor wanting a high-yield hold in a precinct where median unit prices have grown 7.8% over the past year. The 2009 build date means modern construction standards and NBN FTTP connectivity, which supports remote work or tenant appeal. The main risk is the body corporate cost: $2,760 per quarter in admin fees plus $572 for sinking fund, totalling over $13,300 annually. This eats into the gross rental yield and must be factored into any cash-flow projection. The 30-day settlement and 5% deposit are standard, but the vendor’s nominated conveyancer should be reviewed independently. On the opportunity side, the property last transacted in 2009, so the current list price likely reflects significant capital gain. There is no flood or heritage overlay, and the land zoning is straightforward residential. Hold this property for the long-term income and capital growth; the lease provides cover while you assess whether to occupy or refinance after July 2025.