140 Niceforo Road, Lansdowne NT 0850

Rural block near Katherine | 3-bed fully air-conditioned | Tenanted until mid-2026 | School bus and bore water included This property offers a rare combination of immediate rental income and long-term rural lifestyle positioning. The tenancy until June 2026 at $550 per week provides predictable cashflow while the estimated rental potential of $735 suggests significant upside upon vacancy. The 8-hectare block with established bore, rainwater storage, and low-maintenance gardens appeals to buyers seeking acreage without heavy upkeep. Full air-conditioning and tiled interiors reduce maintenance concerns. Location 15 minutes from Katherine with school bus access suits families or investors targeting the rural residential market. The property’s zoning and lack of overlays simplify future use. Key risk is the below-market current rental, costing roughly $9,600 annually in lost income until 2026. Buyers should factor this into hold period calculations. The NBN Sky Muster satellite is functional but slower than urban connections, though not a prime deterrent. Opportunity lies in repositioning the lease at renewal or occupying the house to capture lifestyle value. For an investor, hold for the fixed income period then reassess rent. For an owner-occupier, the bore and school bus make this a practical rural family home.