1506/31 Woods Street, Darwin City NT 0800

15th-floor harbour views | secure Oaks building with resort pool | 87sqm including balcony | tenanted under management with 7% gross return The unit’s high-floor positioning in a full-service building with 24/7 reception and on-site café gives it a clear edge over standard CBD apartments. The 87sqm floorplan is generous for a one-bedroom, and the open-plan living with balcony oriented toward Frances Bay and Mindil Beach captures a view corridor that is hard to replicate. This property suits an interstate or local investor seeking a set-and-forget holding with monthly income from the existing Oaks lease, or a buyer who wants a lock-and-leave city base with resort amenities and immediate rental cover. The main risk is the body corporate levy at nearly $1,400 per quarter, which cuts into net yield and will be harder to pass through if the management lease is terminated. The current tenancy under Oaks gives income certainty but caps upside if the market lifts. A buyer should verify the lease terms and whether the building allows short-stay or independent letting. The property is best held as a medium-term income play with the option to move into owner-occupancy once the lease ends, using the secure parking and walk-to-waterfront location as lifestyle leverage.