Property Description

Positioned high on the 16th floor of the iconic Oaks Building at 31 Woods Street, Apartment 1605 captures sweeping 180-degree views beginning over Darwin’s Inner Harbour (Frances Bay), extending across the city skyline and perfectly oriented to enjoy cool morning sunrises. The outlook continues across to Mindil Beach, Fannie Bay, and East Point, with Nightcliff and Casuarina visible in the distance.

A standout feature of this apartment is its exceptionally large balcony, exclusive to Apartments 05 and 07 on each floor. Much more spacious than a typical building balcony, it offers generous usable space and is directly accessible from both the living room and the master bedroom. It’s the perfect setting for outdoor dining, entertaining, or simply relaxing while soaking in the expansive views.

Unlike many apartments on the CBD and harbour side of the building, Apartment 1605 is protected from the intense afternoon sun. This means you can comfortably enjoy the balcony and the stunning harbour views every afternoon and evening, without the harsh heat.

The Oaks Building offers residents and guests a full suite of resort-style amenities including 24/7 reception with secure lobby access, an on-site café and restaurant, a fully equipped gym, and a sparkling resort-style swimming pool. Located in the heart of the Darwin CBD, you’re just a short stroll to shopping, dining, and entertainment, with the Darwin Waterfront Precinct and Mitchell Street only minutes away.

The Property –

A well-appointed 2-bedroom, 2-bathroom apartment with internal laundry, designed for comfortable, low-maintenance living in the heart of the CBD. The standout larger balcony enhances both liveability and value, with direct sliding door access from the living room and master suite, creating seamless indoor-outdoor flow.

The apartment is modern and contemporary throughout, fully tiled and air-conditioned, and features a spacious kitchen with dishwasher, two generously sized bedrooms, two functional bathrooms, and a practical internal laundry.

Investment & Lifestyle Options –

1. Leave As-Is / Set-and-Forget Guaranteed Income with No Vacancy
Leased back to Oaks Building Management, the apartment offers an estimated gross return of 6.0%, paid monthly regardless of occupancy. This is a true hands-off investment with no vacancy risk.

2. Private or Short-Term Rental
Rent the apartment privately or utilise short-term accommodation platforms such as Airbnb. This option offers flexibility and the potential for higher returns depending on market conditions. A 90-day notice period applies to transition from the Oaks management lease, with the benefit of continued monthly rental income during this notice period, providing a smooth and income-secured transition to vacant possession.

3. Owner-Occupier Lifestyle
Move in and enjoy the low-maintenance CBD lifestyle, making full use of the larger balcony, resort-style facilities, and prime location. A 90-day notice period applies to transition from the Oaks management lease, with rental income continuing throughout this period, offering a clear and financially supported pathway to vacant possession and future owner’s occupation.

Other Important Property Information –
• Year Built: 2015
• Area Under Title: 116m²
• Status: Tenanted – Oaks Hotels & Resorts (Ongoing Lease, No Expiry)
• Council Rates: $439.50 per quarter (approx.)
• Body Corporate Levies: $1,744.12 per quarter (approx.)

For further information or to arrange a private inspection, contact Simon Connelly from Agency HQ NT on 0411 210 744 or email simon@agencyhq.net.au

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Simon Connelly

1300 009 247 0411 210 744 simon@agencyhq.net.au