OFF MARKET

28 Pruen Road
Berrimah NT 0828

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2520m2
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Property Details for 28 Pruen Rd, Berrimah

Building Type
Commercial
Land Size
2520m2
Local Government
Darwin
Lot/Plan
Loc 055 Lot 1877/S 73/061B

Last Listing description (February 2019)

A rare freehold warehouse site in this tightly held location.
Midway between our 2 major population centres - Darwin and Palmerston.
Located just moments from the Stuart Highway and the busy Berrimah Road.

Also close to the new North Crest residential development.
The property offers the following -
* 2520sqm land
* 36m frontage to Pruen Road
* Land dimensions 36m wide x 70m deep
* Main warehouse totals 333sqm
* Includes office and amenities of 41sqm
* 3 x roller doors for access
* Second smaller store shed of 42sqm
* Securely fenced yard
* Substantial rear portion ideal for extra development at some future time
The property is currently let from February 2018 on a 2 + 2 + 2 lease, with a net return at around 5.5% of the asking price.

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Property History for 28 Pruen Rd, Berrimah, NT 0828

A timeline of how this property has performed in the market
Last Sold
$280,000
12 Apr 2005
Listed for Rent
05 Apr 2018
  • 29 Aug 2018
    Listed for Sale $780 000 + GST
  • 03 Apr 2018
    Listed for Rent $6,720,000 / year
  • 02 May 2017
    Listed for Rent $6,720,000 / year
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About Berrimah 0828

The size of Berrimah is approximately 9.8 square kilometres. It has 6 parks covering nearly 2.3% of total area. 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 1,113 properties. Over the last 5 years, Houses in Berrimah have seen a 3.46% increase in median value, while Units have seen a 5.50% increase. As at 31 October 2024:

  • The median value for Houses in Berrimah is $428,025 while the median value for Units is $407,692.
  • Houses have a median rent of $765 while Units have a median rent of $415.
There are currently 9 properties listed for sale, and 14 properties listed for rent in Berrimah on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Berrimah.

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