1-15 Fannie Bay Place, Fannie Bay NT

SOLD | $17,800,000 | GLA 5,698 sqm | WALE circa 3 years                                           

NTC Property is excited to present for sale 1 – 15 Fannie Bay Place or the Fannie Bay Village – a prime retail and commercial strip complex.

The Fannie Bay Village sits on a high profile position and is an exclusive retail, commercial and residential precinct consisting of 11 stand-alone one and two storey buildings over 7 allotments.

This once in a generation opportunity has a combined island site of 4,389sqm with four street frontages and approximately 5,698sqm of gross lettable area over 35 tenancies.

Key features of the property include:

  • Substantial net annual income close to $1.6M
  • Currently 100% occupied (Easy Loans vacating in May 23)
  • Diverse tenancy mix: national, multi-national and local – professional services, medical, allied health, food & bev, supermarket and retail
  • Future development upside (STA)
  • Long term tenants in situ
  • Rental uplift opportunities

This represents an opportunity to acquire a truly unique mixed use property in the highly sought after Fannie Bay.
In order to not interfere with the tenants, we anticipate coordinating a one off inspection for all bona fide parties on 19 May at a time to be confirmed.

For sale via Expression of Interest closing 1 June 2023 at 4pm ACST.

Contact selling agent:

Nigel Sharp – Director
0422 275 920