34 Cavenagh Street, Darwin City NT

SOLD | $2,051,000 | 814 sqm Allotment                                           

Rare Freehold CBD Opportunity

  • Sought After Location
  • Occupy, Develop or Invest
  • Central Business Zoning

NTC Property is pleased to present 34 Cavenagh Street, Darwin to the market.

The property sits in a high profile location near the intersection of Cavenagh St and Knuckey St only metres from Smith Street Mall, Darwin GPO, Woolworths and the under construction CDU Campus.

Currently leased as 2 x 202sqm tenancies to Diverseco and Smokeland, under a short and long term arrangement there is the option to occupy one of the tenancies in late 2023, develop the site or undertake value add opportunities.

Very rarely do stand-alone freehold opportunities of this size become available in the CBD.

Features of the property include:

  • 814sqm regular shaped allotment
  • 404sqm NLA
  • 2 street frontage
  • ample on-grade car parking
  • proximity to the under construction CDU campus
  • gross holding income of approx. $112,000pa with potential uplift

Expressions of Interest closing Thursday 9 March at 4pm (ACST).

Contact selling agent:

Nigel Sharp – Director
0422 275 920