89 Casuarina Street
Katherine NT 0850
- 4 Bed
- 3 Bath
- 3 Toilet
- 4 Parks
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THE KATHERINE EXECUTIVE: Architectural Landmark & 7.5% Yield
89 Casuarina Street, Katherine East, NTFOR SALE: $890,000+
Crown Jewel of Casuarina St and Ultimate Cash Flow Asset
Positioned in Katherine East, 89 Casuarina Street is a sophisticated investment vehicle currently delivering an elite $1,290 per week in rental income. Widely regarded as a premier residence on Casuarina Street, it offers a superior build quality and lifestyle appeal unmatched in the local market.
Architectural Excellence & The Ultimate Entertaining Space
Originally commissioned by an architect, the property boasts a design focused on Top End living:
Seamless Indoor/Outdoor Living: The main living area, featuring stunning vaulted high ceilings, flows seamlessly onto a large, sheltered entertainment deck at the same level, overlooking the private garden.
Split-Level Mastery: A dynamic floor plan provides distinct zones for living and privacy-perfect for executive shared housing.
Investment Grade Specifications
The 4x3 Advantage: A high-demand 4-bedroom, 3-bathroom layout. The inclusion of a third bathroom makes this the preferred choice for high-ranking RAAF personnel and corporate contractors, maximizing occupancy and rental premium.
Superior Cash Flow: Commanding $67,080 per annum, representing a powerful 7.5% gross yield-outperforming metropolitan assets and regional medians.
Strategic Location: Minutes from the RAAF Base Tindal gates, ensuring near-zero vacancy in a 1.6% vacancy market.
Asset Features
Substantial 870m² land holding in the premier "Casuarina" pocket.
Architecturally designed with premium finishes and vaulted ceilings.
The large, covered rear deck is an essential asset for Top End climate living and entertaining, flowing directly from the main living area.
The most significant street presence and appeal in Katherine East.
Secure the Record-Setter
With a proven history of commanding record-tier rents (peaking at $1,500/week), 89 Casuarina Street is the definitive choice for the investor seeking high yield, maximum depreciation, and a trophy asset.
Step into immediate positive cash flow and unparalleled lifestyle appeal.
Contact Alison Ross on 0417 847 950 to secure a professional information memorandum or to arrange a private site inspection.
Features
General Features
- Property Type: House
- Bedrooms: 4
- Bathrooms: 3
- Living Areas: 1
Indoor Features
- Toilets: 3
Outdoor Features
- Open Car Spaces: 2
- Carports: 2
Can I afford 89 Casuarina Street?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
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Elders Real Estate Katherine
Enquire about 89 Casuarina Street, Katherine, NT, 0850