OFF MARKET

7/14 Makagon Road
Berrimah NT 0828

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 461m2
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Property Details for 7/14 Makagon Rd, Berrimah

Building Type
Commercial
Land Size
461m2
Local Government
Darwin

Last Listing description (February 2020)

Long Term Tenant. Great Investment Opportunity.

Leased until January 2020 with a further 5 year option, this tenant has been happily leasing this property and providing the owner with a secure income- currently $23,724.73pa. Priced at only $320,000 it shows a healthy return of 7.4%.

Offering ample yard space (fully fenced!!) of 289m2, as well as a warehouse of 172m2 which features dual roller door access allowing exceptional cross ventilation, high clearance, clear span internal space and full kitchen and bathroom facilities with shower.

A great affordable investment, you can add to or start your own industrial investment portfolio today.

Call Martin 0417 850 933 to arrange an inspection.

Property History for 7/14 Makagon Rd, Berrimah, NT 0828

A timeline of how this property has performed in the market
  • 31 Jan 2019
    Listed for Sale $320,000
  • 21 Apr 2017
    Listed for Sale $320,000

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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.

Suburb Insights for Berrimah 0828

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.