2037/55 Cavenagh Street

This unique second-floor dual-key title offers an exceptional opportunity to secure two separately contained apartments in the heart of Darwin CBD. Comprising Apartment 2037A a spacious 2-bedroom residence, and Apartment 2037B a well-appointed 1-bedroom apartment, this property provides outstanding flexibility for investors, owner-occupiers, and buyers seeking versatile dual-living options. Whether you are looking for a high-performing investment with two income streams, a home where you can offset your mortgage through rental income, or a flexible living arrangement for extended family, guests, or a private workspace, this property presents a rare opportunity in one of Darwin's most convenient locations. Both apartments are positioned on the second floor and enjoy excellent natural light and pleasant city outlooks. Apartment 2037A offers a generous open-plan living and dining area with comfortable bedroom accommodation, while Apartment 2037B provides a practical and low-maintenance layout ideal for singles, couples, or tenants wanting the convenience of CBD living. Each apartment features: Full-sized kitchen facilities Split-system air conditioning throughout Carpeted living areas and bedrooms Tiled wet areas Low-maintenance interiors suitable for both owner-occupation and investment purposes Residents enjoy access to an impressive range of resort-style facilities, including: Swimming pool with shade sails Fully equipped residents' gym Poolside entertaining area with BBQ facilities Staffed reception desk Secure lobby and lift access Located in the heart of Darwin CBD, the property places you within walking distance of cafés, restaurants, retail shopping, offices, and Woolworths. The Darwin Waterfront Precinct and Cullen Bay Marina are approximately five minutes away, offering easy access to dining, entertainment, and waterfront lifestyle options. Investment Highlights: Dual-key title with two separately contained apartments Two separate rental income streams Strong demand for CBD accommodation Excellent potential for future rental growth Flexible ownership options retain as a dual-income investment or occupy one apartment while leasing the other (subject to existing tenancy arrangements) Current Leasing: 2037A: Currently leased at $500 per week, with the lease ending soon. 2037B: Currently leased at $350 per week on a periodic lease. The property is currently returning a gross rental yield of approximately 8.34%. Estimated Current Rental Potential: 2037A: Approximately $650$750 per week 2037B: Approximately $400$450 per week Based on these estimated rental figures, the property has the potential to achieve a gross rental yield of approximately 11%. Rental estimates are indicative only and should be independently verified by prospective purchasers. Management Flexibility: Owners have the flexibility to appoint their preferred property management agency or utilise Metro Advance Apartments for a streamlined investment experience. Metro Advance Apartments currently manages numerous serviced apartments within the complex, providing experienced on-site management, guest services, and property maintenance support. Property Details: Area Under Title: 124 sqm Year Built: 2004 Council Rates: Approx. $1,758 per annum Admin Fund: Approx. $2,491.65 per quarter Sinking Fund: Approx. $409.63 per quarter Water usage and electricity included within Body Corporate levies Zoning: CB (Central Business) Settlement: 45 days (or variation by agreement) Deposit: 10% (or variation by agreement) Easements: None found Don't miss this rare opportunity to secure a dual-key property offering immediate income, strong rental potential, and unmatched flexibility in the Darwin CBD. Contact Shyam Thapa from Wealthmax Real Estate on 0414 287 500 to arrange your inspection or attend a scheduled open home. Disclaimer: All information has been sourced from providers believed to be reliable; however, interested parties should conduct their own independent enquiries. Rental figures and potential returns are estimates only and are based on current market conditions, comparable rental evidence, and available information at the time of preparation. Actual rental income may vary depending on market conditions, tenant demand, vacancy rates, and the final rental agreement achieved. Prospective purchasers should obtain their own rental assessment and make independent enquiries before making any purchasing decisions.