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 10 properties listed for sale, and 14 properties listed for rent in Berrimah on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Berrimah.

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