OFF MARKET

7/3 Verrinder Road
Berrimah NT 0822

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Property Details for 7/3 Verrinder Rd, Berrimah

Building Type
Commercial
Local Government
Palmerston
Lot/Plan
Loc 055 Lot 6472/UTS2012/013

Last Listing description (June 2023)

Modern industrial warehouse with adjoining office, taking a net annual income of $65,000, currently leased until February 2026. The property is located within a complex of eight units, in the well-established industrial suburb of Berrimah. It is one of two larger units positioned at the front of the complex. The complex is of good design and quality, having wide concrete driveways with good run-off to drainage, and ample parking. The front of the property is well landscaped and attractive. Centrally located, the location provides for easy access to arterial roads to Darwin City, Palmerston, Casuarina and rail & port network.

The subject property is 492m2 under title, and comprises a high clearance, clear-span warehouse of approximately 347m2, with an adjoining office of some 146m2. The warehouse is of portal steel frame construction with metal cladding and has an apex height of approximately 6 metres and an eve height of some 4.8 metres. Good access is provided via 4-metre-high motorised roller door to the side, and 3-metre-high roller door to the rear. The wall on the southern side of the warehouse has louvres installed, providing for good ventilation. Within the warehouse is a mezzanine of some 50m2, on which is installed three offices, with plasterboard walls and ceilings, carpeted floor coverings and split-system air conditioning. Access is provided to the mezzanine via a steel framed staircase. The warehouse has toilet and shower facilities and a 9.5 kW solar power system on the roof.

The adjoining office is of good construction and is fitted out with large reception area, three partitioned offices, boardroom, general office area with IT section and two glass partitioned offices, lunchroom facilities and toilets. The office is equipped with cassette air conditioning has recessed lighting, and a combination of carpeted and tiled floor coverings.

Net annual income $65,000
3 year lease
Well established tenant
Area under title 492m2
Warehouse area 347m2 (approx.)
Front office 146m2 (approx.)
Mezzanine offices 50m2 (approx.)
9.5 kW solar power system
Airconditioned office
Lunchroom facilities
Toilets & shower
Solid investment

Now is the time to secure this solid investment opportunity with net annual income of $65,000 and leased until January 31, 2026.

For more information or to arrange an inspection contact the agent or email:
darwin.ljhcommercial.com.au

Property History for 7/3 Verrinder Rd, Berrimah, NT 0822

A timeline of how this property has performed in the market
Last Sold
$780,000
24 Apr 2023
  • 24 Apr 2023
    Sold for $780,000
  • 07 Dec 2022
    Listed for Sale 850,000 GST excluded

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About Berrimah 0822

The population of Berrimah in 2011 was 1,240 people. By 2016 the population was 769 showing a population decline of 38.0% in the area during that time. The predominant age group in Berrimah is 10-19 years. Households in Berrimah are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Berrimah work in a trades occupation. In 2011, 32.7% of the homes in Berrimah were owner-occupied compared with 39.3% in 2016..

Berrimah has 222 properties. As at 30 September 2024:

  • The median value for Houses in Berrimah is $360,983 while the median value for Units is $370,467.
There are currently no properties listed for sale, and no properties listed for rent in Berrimah on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Berrimah.

Suburb Insights for Berrimah 0822

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Disclaimer
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.