FOR SALE
$932,000

22&27/90 Frances Bay Drive
Stuart Park NT 0820

Bedrooms: -
Bathrooms: -
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Floor area: 248m2
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Tenanted investment with strong covenant

Units 22 and 27 are 96m and 152m of commercial office space, totaling 248m. Unit 22 is located on the Tiger Brennan side of the complex and includes full height glass partitioning with excellent natural light. Unit 27 is positioned on the first floor and is on the marina side of the building, it includes a balcony that looks over the marina.
Leased to multinational firm, Turner Townsend on a three year lease that commenced 1 January, 2024 and runs till 31 December, 2026. The current passing rent is $86,800 + GST, and the net annual income is $65,246 + GST.
France Bay Village, 90 Frances Bay Drive is a two story commercial complex on approximately 6,690 square metres of Specific Use Darwin 10 zoned land. The complex optimizes the frontage to Frances Bay Drive with the building positioned along the building including 20 60 degree car parks directly accessed from France Bay Drive. This complex offers 67 off street car parks so there are always car parks available.
Tipperary Waters is a tidal locked marina estate, offering marina berths, low and medium residential, and commercial office and retail properties. Frances Bay Village is positioned on the western side of Tipperary Waters Marina Estate, it enjoys the frontage to France Bay Drive which acts as a service road to Tiger Brennan Drive and links through to the water body of the marina.
Tipperary Waters Marina Estate is a highly sought after location at the eastern most side of Stuart Park. Positioned on the eastern side of Tiger Brennan Drive.
This location is convenient for both in bound and out bound travelers with signalized intersections of Tiger Brennan Drive and Gonzales Road to the north and Frances Bay Drive to the south. Located within the Frances Bay precinct this location is a strong balance of waterfront commercial activities and prestige residential properties.
1.3 radial kilometres north east of the Darwin CBD.
Adjacent to the east of Tiger Brennan Drive.
For more information on this outstanding investment please contact Lee Doyle 0403 348 243 ldoyle@ljhnc.com.au or Ryan Doyle 0405 192 389 rdoyle@ljhnc.com.au.

Property Details for 22&27/90 Frances Bay Dr, Stuart Park

Building Type
Commercial
Floor Size
248m2

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About Stuart Park 0820

The size of Stuart Park is approximately 2.3 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Stuart Park in 2011 was 3,748 people. By 2016 the population was 4,159 showing a population growth of 11.0% in the area during that time. The predominant age group in Stuart Park is 20-29 years. Households in Stuart Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stuart Park work in a professional occupation. In 2011, 40.7% of the homes in Stuart Park were owner-occupied compared with 37.2% in 2016.

Stuart Park has 2,661 properties. Over the last 5 years, Houses in Stuart Park have seen a 21.38% increase in median value, while Units have seen a 29.18% increase. As at 31 August 2024:

  • The median value for Houses in Stuart Park is $818,936 while the median value for Units is $432,116.
  • Houses have a median rent of $650 while Units have a median rent of $575.
There are currently 44 properties listed for sale, and 21 properties listed for rent in Stuart park on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Stuart park.

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Lj Hooker Commercial North Nt
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LJ Hooker Commercial Darwin
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