45/14 Salonika Street, Parap NT 0820

Elevated 3-bed in Parap complex | Resort pool & secure parking | Strong yield potential | Owner-occupier and investor appeal This three-bedroom apartment in a well-regarded Parap complex offers a rare combination of size, security, and lifestyle convenience. The 169sqm internal layout with two dedicated car spaces and a generous entertainer’s balcony positions it well above typical apartment offerings. For a buyer seeking low-maintenance living without sacrificing space or amenity, the property’s configuration and complex features—including lift access and a resort-style pool—create a clear competitive edge. It is best suited to professionals or downsizers who value proximity to the CBD and coastal attractions, and to investors targeting a gross yield near 7% based on achievable rent of $900 per week. The primary risk lies in body corporate costs and potential special levies, which must be verified before proceeding. The property last transacted in 2006, so condition and finish quality should be inspected closely. Overlay data appears incomplete, so independent checks on flood or heritage status are prudent. The opportunity is a well-priced entry into a sought-after suburb with strong rental demand and limited comparable stock, provided the building’s financial health and physical condition support the asking price.