OFF MARKET

35 Miles Road
Berrimah NT 0828

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2850m2
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Property Details for 35 Miles Rd, Berrimah

Building Type
Commercial
Land Size
2850m2
Local Government
Darwin
Lot/Plan
Loc 055 Lot 6416/LTO2011/114B

Last Listing description (January 2019)

This property is a real opportunity for an astute investor delivering strong long term rental yields along with depreciation opportunities. Attractive in design and consists of two separate office and warehousing tenancies purpose built for the long term for the tenants requirements. 35 Miles Road Berrimah is a 2850m2 block prominently located on the corner of Dixon Road and Miles Road in the ever growing Berrimah Business Park. Berrimah is now widely considered the geographic centre of the greater Darwin Region positioned midway between Darwin, the Northern Suburbs and Palmerston via the Stuart Highway.
With secure long term tenants and the added benefits of depreciation this is a surely a fantastic buying opportunity.
Call to find out more information on the tenants, lease details and depreciation shedules.

Property History for 35 Miles Rd, Berrimah, NT 0828

A timeline of how this property has performed in the market
Last Sold
$4,000,000
14 Jan 2019
Listed for Rent
01 May 2019
  • 14 Jan 2019
    Sold for $4,000,000
  • 18 Jul 2018
    Listed for Sale Price on Application

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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, 46 properties were sold in the past 12 months in Berrimah.

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