1-15 Fannie Bay Place, FANNIE BAY, NT 0820

sale - Sold
Property Features
  • Zoning - Commercial
  • Floor Area is 5,698 m²
SOLD! Exclusive Mixed Use Precinct

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.

To request an Information Memorandum or any other queries, please contact exclusive selling agent Nigel Sharp at NTC Property on 0422 275 920.

Property Agent