687 Stuart HighwayBerrimah NT 0828
Property Details for 687 Stuart Hwy, Berrimah
Last Listing description (September 2023)
Expressions of Interest Closing on Monday 18th September at 4.00pm
Landmark Site | 22,200m2 Freehold title zoned Service Commercial (SC) outbound on the Stuart Highway approximately 15 radial kms from Darwin GPO/CBD boasting passing income and enormous development potential.
Prime Location | Located on cnr Stuart Hwy and Berrimah Road, arguably Darwin's busiest intersection with in excess of 20,000 cars passing daily, Berrimah is centrally located almost equally between Darwin CBD, Palmerston, The Northern Suburbs and East Arm Port. Further complimented by the current Berrimah Road overpass of Tiger Brennan Road - which will make the site more accessible from and to East Arm.
Significant value add opportunity | Approximately 5000m2* currently under lease to fuel giant with opportunities to further expand or develop retail/office/recreation in this prominent corner location.
High Exposure | 230m of Stuart highway frontage and 75m frontage to Vanderlin Drive provides one of the greatest exposure sites in the Northern Territory and the area is already known for it large National tenants such as Harvey Norman, Super A-Mart, Joyce Mayne, JB HiFi, Chemist Warehouse, Bet360 just to name a few.
Direct Stuart Highway access | One of the very rare sites on Stuart Highway that has direct access rather than via a service road.
Being offered For Sale for the first time since it was acquired from the Railway some 30 years ago, this land should be considered by anyone or any organisation with plans for something significant in the Northern Territory either now or into the future!
Expressions of Interest
EOI's should be submitted in writing or by requesting the prescribed EOI form which can be requested from our office.
Contact:
Judy Truong
0412 892 462
Jeremy O'Donoghue
0407 080 067
Property History for 687 Stuart Hwy, Berrimah, NT 0828
- 19 Jul 2022Listed for Sale $15,500,000
- 22 Jun 2015Listed for Sale Not Disclosed
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0About 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.
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