SOLD
Sold on 25 Mar 2024 for $620,000

1/5 Tang Street
Coconut Grove NT 0810

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 263m2
Land area: 1266m2
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Property Details for 1/5 Tang St, Coconut Grove

Building Type
Commercial
Floor Size
263m2
Land Size
1266m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 8911/S 81/147

Last Listing description (August 2017)

This is so affordable that you will need to call today. Compare this property to what ever else is available in Darwin and you will know you have got yourself a bargain space for your business needs.
Located in the Coconut Grove industrial precinct between Dick Ward Drive and Bagot Road and strategically positioned with close proximity to the Northern Suburbs, Darwin International Airport, and the CBD.
Complete with reception area, 2 offices all air conditioned, warehouse 150m 2 approx and an exclusive yard area, along with 4 customer car parking spaces on site.

The space also includes internal amenities with showers, and a kitchenette.
This property is available immediately and can be viewed by appointment.

Property History for 1/5 Tang St, Coconut Grove, NT 0810

A timeline of how this property has performed in the market
Last Sold
$620,000
25 Mar 2024
Listed for Rent
$48/w
11 Aug 2017
  • 25 Mar 2024
    Sold for $620,000
  • 16 Jan 2017
    Listed for Rent $24,000 / year
  • 28 Oct 2015
    Listed for Rent $24,000 / year
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About Coconut Grove 0810

The size of Coconut Grove is approximately 1.7 square kilometres. It has 8 parks covering nearly 22.6% of total area. The population of Coconut Grove in 2011 was 2,849 people. By 2016 the population was 3,064 showing a population growth of 7.5% in the area during that time. The predominant age group in Coconut Grove is 30-39 years. Households in Coconut Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coconut Grove work in a professional occupation. In 2011, 37.4% of the homes in Coconut Grove were owner-occupied compared with 37.4% in 2016.

Coconut Grove has 1,871 properties. Over the last 5 years, Houses in Coconut Grove have seen a 24.06% increase in median value, while Units have seen a 14.07% increase. As at 31 July 2024:

  • The median value for Houses in Coconut Grove is $588,568 while the median value for Units is $332,311.
  • Houses have a median rent of $760 while Units have a median rent of $500.
There are currently 16 properties listed for sale, and 4 properties listed for rent in Coconut grove on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Coconut grove.

Suburb Insights for Coconut Grove 0810

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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.