397/12 Salonika Street, Parap NT 0820

Top-floor 1-bed in Parap | 89m² with resort complex | strong rental yield potential | no overlay risks The property offers a rare combination of generous internal area and premium complex amenities within a sought-after inner suburb. At 89m², this unit provides living space well above typical one-bedroom apartments, which strengthens its appeal to both professionals seeking comfort and investors targeting higher-quality tenants. The resort-style facilities and secure parking add tangible lifestyle and convenience advantages, positioning the unit well for consistent demand from owner-occupiers and renters alike. The absence of bushfire, flood, or heritage overlays simplifies due diligence and reduces long-term holding uncertainty. The main risk lies in the discrepancy between reported internal and title areas, which may affect financing or resale clarity and should be verified against the certificate of title. Body corporate fees and sinking fund health are critical unknowns that could materially impact net returns, particularly given the extensive common amenities. However, the estimated rental yield of 7.6–8.4% on the asking price is notably strong for a modern apartment, and comparable sales within the building support the price point. For a buyer comfortable with strata due diligence, this represents a low-maintenance entry into a well-located, amenity-rich property with solid income potential.