5/6 Bamboo Street, Nightcliff, NT 0810

Potential Gross Rental Income of $70,720-$76,960 Per Annum -TWO SEPARATE Residences - Sought-After Coastal Location

A rare opportunity to secure two substantial homes on one title in one of Darwin's most tightly held and sought-after coastal suburbs.

After more than 40 years under the same ownership, 5/6 Bamboo Street and 6/6 Bamboo Street presents a genuinely unique proposition for investors, owner-occupiers and extended families seeking flexibility, income potential and a blue-chip Nightcliff location.

Upstairs 6/5 Bamboo St: This elevated residence features three bedrooms, a spacious deck and a relaxed tropical feel, with fresh paintwork, new lighting and fans throughout. The roof was replaced in 2023.

But what truly sets this property apart is what lies beneath.

5/6 Bamboo St:  Built underneath is a second, substantial four-bedroom residence, also benefiting from fresh paint, new lighting and fans. With two distinct living spaces on one title, the possibilities are extensive.
For investors, each residence has an indicative rental appraisal of $680-$740 per week, providing a potential combined gross rental income of approximately $70,720-$76,960 per annum.

For owner-occupiers, the opportunity to live in one home and rent the other provides flexibility and the potential to offset mortgage commitments.
For extended families, the two-home configuration offers substantial accommodation while retaining a degree of independence and separation.
Both residences are complemented by practical living spaces, while the property has also benefited from new perimeter fencing and a secure gated entrance.

The location is equally compelling. Enjoy the best of the Nightcliff lifestyle with the foreshore, coastal walking and cycling paths, sporting facilities and Nightcliff Sports Club all close by. The popular Sunday markets, local shopping, schools, cafes and everyday amenities are also within easy reach.

Properties offering two genuine homes in this location are exceptionally rare. Whether you're seeking a strong investment, a home with additional income potential or a property with outstanding future flexibility, this is an opportunity worthy of serious consideration.

Inspection is highly recommended.

PROPERTY HIGHLIGHTS

• Two substantial residences on one title - Totally Independent of each other
• Elevated three-bedroom home with spacious deck upstairs
• Separate four-bedroom residence built underneath
• Indicative rental appraisal of $680-$740 per week for each residence
• Potential combined gross rental income of $70,720-$76,960 per annum
• Live in one and rent the other, or lease both residences
• Freshly painted throughout, with new lights and fans
• Roof replaced in 2023
• New perimeter fencing and secure gated entry
• Rare investment, owner-occupier and multi-generational living opportunity
• More than 40 years of ownership
• Sought-after Nightcliff coastal location
• Close to foreshore, markets, sporting facilities, shopping and schools

PROPERTY DETAILS
Body Corporate: Castle Real Estate
Body Corporate Fees: $3,239 per quarter
Reports: Status and pest reports available on request

Rental Appraisal: $680-$740 weekly for each residence