This is a rare opportunity to purchase a large freehold property, that is close to the beach, zoned MD (multiple dwelling), and already showing outstanding cash flow.
Bay View Lodge is located in sought-after Fannie Bay, a popular, well established beachside suburb, close to Darwin CBD, and boasting a pretty foreshore setting.
Fannie Bay Beach is part of the East Point Reserve, with its lovely nature walks and BBQs, and there's easy access to the white sands of Lake Alexander, shops, restaurants, medical services and transport.
Bay View Lodge currently offers budget accommodation, comprising weekly or long-term single rooms, and is a well established, strong yielding property, with several long-term permanent residents in place.
Located on 1030sqm - zoned MD - the property includes 25 guest rooms plus a manager's apartment. Communal facilities include a kitchen, dining area and recreational lounge.
At a glance:
• Property has recently been updated, with new flat screen TVs and split system air-conditioners
• Off-street parking for 13 vehicles
• Popular residential location close to Lake Alexander and East Point Reserve
Clearly this freehold property is a key location is a very wise investment, offering instant income, as well as huge potential for the future.