A unique opportunity to secure a premium investment in the bustling service hub town of Katherine. St. Andrews Apartments is a well-established complex offering consistent short-term accommodation for tourists, transient workers, and pastoralist in town for school events or supplies.
Property Feature
Total Units: Fourteen units plus a manager's residence.
Construction: Robust block construction over two stories, featuring generous outdoor entertainment areas and dual access.
Amenities:
Reception area.
On-site in-ground pool.
Private shared outdoor kitchen and BBQ area.
Individual BBQ areas for ground floor units.
Industrial laundry area.
Well-fenced for added security with an automated gate.
Unit Details:
Spacious living areas.
Well-equipped kitchens.
Bathrooms and separate internal laundries.
Fully air-conditioned with ceramic floor tiles throughout.
Outdoor entertainment area.
Parking:
Off-street, shaded, and secured parking with automated access. Paved driveway with sufficient external lighting.
Additional Information
Zoning: Central Business District
Land Size: 2020m²*
Individual Unit Size: 78m²*
Investment Highlights
St. Andrews Apartments is a sound investment offering stable returns and significant growth potential. Its strategic location in the Central Business District, coupled with excellent amenities and robust construction, makes it an attractive option for savvy investors. Katherine is a key regional center in the Northern Territory of Australia, with a diverse economy supported by several significant industries, including:
Tindal RAAF Base: The Royal Australian Air Force Base Tindal is one of the most important military installations in Australia, providing substantial economic activity and employment opportunities in the region.
Pastoral Industry: The region around Katherine is known for its extensive cattle station operations, contributing significantly to the local economy through beef production and related agricultural activities. Katherine is a major service hub for this industry.
Tourism: Katherine is a gateway to many natural attractions, including Nitmiluk (Katherine Gorge) National Park, Edith Falls, Cuttta Cutta Caves, hot springs, and other scenic locations. Tourism is a vital industry, drawing visitors from around the world and supporting local businesses.
Mining: The mining sector also plays a role in Katherine's economy, with various minerals being extracted in the surrounding areas, contributing to economic growth and providing jobs.
Government and Public Services: As a regional center, Katherine hosts various government offices and public service institutions that support the local population and infrastructure, along with surrounding communities.
*Approximately
