Property Features
- Zoning - Central Business
- Land is 814 m²
- Floor Area is 404 m²
- 12 Car Spaces
Rare Freehold CBD Opportunity
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
All enquiries can be directed to Nigel Sharp at NTC Property on 0422 275 920.
Expressions of Interest closing Thursday 9 March at 4pm (ACST).
Property Agent
