SOLD
RECENT ADVICE
Sold on 24 Sep 2024 for $3,530,000

65 Jessop Crescent
Berrimah NT 0828

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2440m2
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Sold By
Matthew Knight
Knight Frank (Northern Territory)
Peter Mcvann
Knight Frank (Northern Territory)
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Property Details for 65 Jessop Cres, Berrimah

Building Type
Commercial
Land Size
2440m2
Local Government
Darwin
Lot/Plan
Loc 055 Lot 7285/LTO2015/094

Last Listing description (October 2024)

Knight Frank NT is pleased to offer to the market this exceptional quality, tenanted investment property in the growth area of Berrimah, Berrimah Business Park.

With a strategic position just off the Stuart Highway, and perfectly positioned between Darwin and Palmerston CBD's and only 13min* to Darwin CBD and 8min* to Darwin International Airport, this property is perfectly located for the future growth of Darwin.

The Berrimah area is now home to numerous household names including Harvey Norman, JB Hi-Fi, Amart Furniture, Petstock, BBQ's Galore, Joyce Mayne and many more.

Constructed in 2021, this property would be an excellent addition to any investor's portfolio. The property itself sits on a prominent corner site of 2,440sqm, with a 966sqm* office and warehouse. It is occupied by SAGE Group, a global organisation with a long-term presence in the Northern Territory. The current lease expires in Nov 2031 and the tenant has 2 x 5 year options.

The property enjoys easy connection to the Stuart Highway, Amy Johnson Avenue (via Castillon Road) and Tiger Brennan Drive towards East Arm.

Now is the time to invest in the Northern Territory: The new Charles Darwin University is set to open later this year, over $8 Billion in future defence spending confirmed, Darwin's new ship lift is under construction, Santos is underway with the latest expansion of their LNG project and Darwin's Middle Arm precinct is a step closer to becoming a reality. Darwin is primed for growth.

Contact agents for more information.

*Approx.

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Property History for 65 Jessop Cres, Berrimah, NT 0828

A timeline of how this property has performed in the market
Last Sold
$3,530,000
24 Sep 2024
  • 24 Sep 2024
    Sold for $3,530,000
  • 15 Jul 2024
    Listed for Sale UNDER CONTRACT
  • 16 Dec 2019
    Sold for $832,040
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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 -1.12% decrease in median value, while Units have seen a 6.78% increase. As at 30 September 2024:

  • The median value for Houses in Berrimah is $436,917 while the median value for Units is $396,006.
  • Houses have a median rent of $780 while Units have a median rent of $415.
There are currently 10 properties listed for sale, and 13 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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