34 Cavenagh Street, DARWIN CITY, NT 0800

sale - Sold
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