FOR SALE
$3,300,000 Exc GST

Lot 3208/2 Second Street
Katherine NT 0850

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 4050m2
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Katherine Tenanted Investment 6.83% return - includes 1,810m2 vacant land

This offering provides the purchaser a fantastic opportunity to acquire a large holding of 4,050m2 with three street frontages in the heart of the Katherine CBD. Approximately 2,240m2 of this prime real estate is currently developed, and the remainder is vacant. Established on the land is EG Ampol Service Station and Katherine Laser Wash, both of which are tenanted. The property is generating an annual net income of $225,438.94 and the vacant land has solid potential for development.
Area Under Title 4050m2
Prime CBD Location
Three street frontages
Tenanted service station and car wash.
Annual net income currently $225,438.94
Approximately 1,810m2 vacant land.
This property is an absolute gem and right in the heart of Katherine CBD. Take advantage of the unique opportunity to purchase this prime Katherine real estate with wonderful development potential while pocketing a healthy return.
For more information or to arrange an inspection, please John Grant on 0429 982540 or jgrant@ljhnc.com.au or David Loy on 0418 897104 or dloy@ljhookerdarwin.com.au

Property Details for Lot 3208/2 Second St, Katherine

Building Type
Commercial
Floor Size
400m2
Land Size
4050m2

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About Katherine 0850

The size of Katherine is approximately 4.2 square kilometres. It has 9 parks covering nearly 8.1% of total area. The population of Katherine in 2011 was 1,376 people. By 2016 the population was 1,490 showing a population growth of 8.3% in the area during that time. The predominant age group in Katherine is 20-29 years. Households in Katherine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Katherine work in a professional occupation. In 2011, 42.3% of the homes in Katherine were owner-occupied compared with 43.8% in 2016.

Katherine has 1,219 properties. Over the last 5 years, Houses in Katherine have seen a 17.00% increase in median value, while Units have seen a 17.52% increase. As at 30 November 2024:

  • The median value for Houses in Katherine is $347,086 while the median value for Units is $209,356.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 18 properties listed for sale, and 5 properties listed for rent in Katherine on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Katherine.

Suburb Insights for Katherine 0850

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John Grant
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David Loy
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LJ Hooker Commercial Darwin
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.