61 Aralia St Nightcliff is one of the best offerings on the market. Unit complexes don’t come up in their entirety very often, so this presents a unique opportunity for the right investor.
The property’s location is perfect. It is, across from the shops, on public transport routes, near public parks, and just set back from Nightcliff Foreshore.
Want de Rowe Real Estate currently manages the asset and knows it well. The complex is well-maintained and fully tenanted and makes around 7.7% returns (against the asking price). It’s ready to make money the moment keys are handed over.
There is a development opportunity. The block itself is large 1020sm, and is zoned MR. This means that there is potential for a multi-story, multi-dwelling development of the site. With much larger returns.
The Property
In Real Estate, it is location, location, location. It is hard to find a better spot in Darwin. It is across the road from the Aralia Street shops, it is on public transport routes, it has walking access to local parks, and is less than a minute by foot to the Nightcliff foreshore.
The complex is a 2-storey redbrick building with 10 Individual 2-bedroom units. The complex is currently fully tenanted and has extremely low vacancy rates. The complex has been well-maintained with no major works needed and a new roof put on recently. Units are all fully air-conditioned and have modern flooring and kitchens.
It sits on a 1020sm block. Units have access to a communal laundry block and clothes lines. There is also a recreational grassed area around the back for play.
What you need to know
Location: 61 Aralia Street, Nightcliff NT
Land Size: 1,020 sqm
Zoning: MR (Medium Density), offering development potential
Units: 10 x 2-bedroom, 1-bath units, each with a single car park and communal laundry
Year Built: 1983, with recent upgrades completed in August 2025
Current Status: Fully tenanted with an average rent of $440 per week per unit
Annual Income: Approximately $224,120
Financials
Asking Price: $2.9 million
Current Return: Approximately 7.73% based on income
Expenses:
Council rates: $16,700/year
Building insurance: approx. $14,000/year
Water: $12,000/year (~$3,000 per quarter)
Maintenance: approx. $14,000/year
Management: Managed with a 10% + GST management fee
Recent Improvements
New roofing to both buildings (August 2025)
Installation of one new solar hot water system (August 2025)
New awnings to the back doors of all ground-floor units
Prime location close to Nightcliff foreshore, dining, shopping, and sporting facilities
Why you are buying it.
Location -Short walk to primary and middle schools, shops, esplanade, and transport.
Excellent tenant demand with low vacancy rates and quality yield.
Development opportunity with MR zoning.
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