Property Features
- Zoning - General Industry
- Floor Area is 900 m²
- 40 Car Spaces
UNDER CONTRACT
UNDER CONTRACT…..
NTC Property are pleased to offer a 100% freehold interest in 4 Albatross Street, Winnellie via Expression of Interest.
4 Albatross Street, Winnellie is a commanding 3,600 sqm corner allotment with a ground level brick masonry constructed office building providing approximately 900 sqm of office space over multiple tenancies. The property was purpose built for ANZ in 1983 with the bank occupying of a portion of the premises until 2019.
Winnellie is only 6 kilometres from Darwin’s CBD and has great accessibility given it is positioned between Darwin’s two main arterial roads being the Stuart Highway and Tiger Brennan Drive.
The property is currently divided into 3 tenancies with Tenancy 1 having a long-term lease in place to West Daly Regional Council (WDRC) however tenancies 2 & 3 can be combined for a larger tenant or owner occupier. Tenancy 3 currently has a short-term lease in place.
The property has undergone some major refurbishments over the past two years, with a brand new fitout constructed for WDRC in tenancy 1 in 2021 and a more recent refurbishment taking place in tenancy 2.
The property delivered a NOI over $150,000 in 2022/23 however could achieve well over $220,000 if fully leased.
A rare opportunity to secure a solid property in highly sought after Winnellie. For more information please contact Nigel Sharp at NTC Property.
Property Agent
