Under Offer 05/03/2024
UNDER CONTRACT
agency logo

85 Progress Drive, Nightcliff NT 0810

Apartment
119
Block size: 1744 m² approx.

Great investment in central location!

Looking for a solid investment property in a sought after, central location?

85 Progress Drive is now on the market. Just minutes from the renowned Nightcliff Markets, close to the forshore/beachfront and a short drive or ride away from Charles Darwin University, Royal Darwin Hospital and several major shopping centres, these apartments will always be a popular choice for tenants.
There are great bike paths along the foreshore for leisure or commute and a quicker way to get to the Northern suburbs, with the Rapid Creek cyclist/pedestrian bridge providing a shortcut to the university and Hospital.

The building is made up of the following:
7x 1-bedroom apartments (bedsit/studio)
2x 2-bedroom apartments (impression of layout in photos)

Together these bring in $2,830 rent per week, coming in at just over $147,000 per annum.

There is on site parking available and the property sits on a large block of 1740 sqm.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Rick Trippe to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
11
Bathrooms:
9
Property type:
Apartment
Block Size:
1744 *

Other Details

Parcel:
1861
Legal description:
550//1861/
 Knight Frank Northern Territory

Maps and area information

Block information
Block size: 1744 (approx)
Legal description: 550//1861/
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Property history

We couldn't find any history for this property.
See Nightcliff's suburb profile

Nightcliff suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
36 years
Population
3,884
Listing ID: 182138235. This listing has been viewed 31 times. It was first displayed on 01/12/2023 and last updated on 05/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.