405/130 Esplanade, Darwin City NT 0800

Corner apartment, harbour views, oversized floorplan, low owner turnover | 245sqm internal, third floor, secure parking, resort facilities | Owner-occupied building, limited rental stock, executive appeal | Walk to CBD, Larrakeyah catchment, Bicentennial Park This unit competes on scarcity of size and position within a well-regarded building. The 245sqm internal floorplan is rare for a three-bedroom apartment in Darwin, and the corner aspect with retractable doors and harbour exposure delivers a genuine indoor-outdoor living experience that appeals to executives or downsizers prioritising space over land. The building’s 80% owner-occupier ratio signals stable management and lower turnover risk, which supports both lifestyle use and capital preservation. The property suits a buyer seeking a primary residence with strong liveability, or a low-management investment targeting long-term executive tenancy rather than short-stay yield. The primary risk is pricing at the top end of the estimated range, where comparable three-bedroom units in the building have taken 84 days to sell. The vacant listing and recent price adjustment suggest some negotiation room, but the buyer should verify strata health and any upcoming special levies given the building’s 2009 construction. The 6.6% rental yield is achievable only if the property is let near the top of the $1,000–$1,105 weekly range, which requires consistent tenant quality. Hold as a long-term residence or rent to a single executive tenant to minimise vacancy; avoid short-term letting unless strata permits it.