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