56 Smith Street, DARWIN CITY, NT 0800

sale - For Sale For Sale - Please Contact Agents
Property Features
  • Zoning - Central Business
  • Land is 3,800 m²
  • Floor Area is 3,910 m²
Leased CBD Investment

NTC Property & JLL, under instructions from the Agents for the Mortgagee in Possession (KordaMentha), are pleased to offer for sale 56 Smith Street, Darwin NT.

56 Smith Street Darwin, Lot 2322 from plan(s) OP 001210A, is one of the most recognisable and well-known properties within the heart of the Darwin CBD. The property was Darwin’s original Woolworths and Big W stores and is still known to locals as the “old Woolies” building. It is now home to Charlie’s of Darwin, which was recently named in the top 20 bars to visit in the world in 2021 by UK newspaper, The Telegraph.

Positioned on a corner location at the intersection of Knuckey Street and Smith Street and occupying 3,800sq.m*, the property lends itself to potential future redevelopment (STA).

The two-storey building provides 3,910sq.m* of gross lettable area with the potential to refurbish an additional 1,447sq.m* of level 1 space as required (STA).

Key features of the property include:
– Gross Income $1.4 million* per annum
– 3,800sq.m* regular shaped allotment
– GLA 3,910sq.m*
– Diverse tenancy mix of retail, convenience and hospitality
– 97% occupancy of refurbished areas
– Negotiations in place with incumbent tenants improving lease profile
– Flexible Central Business (CB) zoning and three street frontage
– Potential ability to increase GLA (STA)
– Frontage to Austin Lane, an area of activation and enhancement by the NT Government
– Potential redevelopment or repositioning opportunity (STA)

56 Smith Street, Darwin is offered for sale via private treaty.

For more information or to arrange an inspection, please contact exclusive marketing agents, NTC Property 0422 275 920 or JLL.

Property Agent
Nigel Sharp