OFF MARKET

331 Bagot Road
Coconut Grove NT 0810

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 250m2
Land area: 1560m2
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Property Details for 331 Bagot Rd, Coconut Grove

Building Type
Commercial
Floor Size
250m2
Land Size
1560m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 1850/S 78/028

Last Listing description (September 2018)

Here is an extremely rare opportunity to secure a unique commercial site. BP Bagot Rd, Coconut Grove, has been operating as a service station since the 1960 s and has not changed hands since 1979.
Situated on a corner block with dual street access and 1,662sqm of land on title, this site offers high exposure, easy access and an abundance of scope for growth.
Currently operating Monday Friday, with driveway service and mechanical workshop, this is being sold Freehold plus SAV.

The site consists of the main building which houses the counter and retail space as well as the three bay mechanical workshop with hoists, and storeroom. The 106sqm canopy keeps customers dry whilst fuelling up.
In addition there is a 115sqm holding yard which is fenced and lockable as well as ample customer parking.
Below ground are six tanks comprising of three diesel, one Premium ULP, one ULP and one zoom25 not in use.
A summary of benefits include;
? High rate of drive by traffic
? High exposure
? Easy vehicular access
? Ample customer parking
? 2 hoists
? Loads of potential to grow
? An extremely rare offering
? Motivated vendor

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Property History for 331 Bagot Rd, Coconut Grove, NT 0810

A timeline of how this property has performed in the market
Last Sold
$466,666
21 Nov 2003
  • 06 Mar 2018
    Listed for Sale Not Disclosed
  • 19 Oct 2016
    Listed for Sale Offers over $2,500,000
  • 21 Nov 2003
    Sold for $466,666

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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 1,865 properties. Over the last 5 years, Houses in Coconut Grove have seen a 22.88% increase in median value, while Units have seen a 14.26% increase. As at 30 September 2024:

  • The median value for Houses in Coconut Grove is $571,878 while the median value for Units is $319,209.
  • Houses have a median rent of $680 while Units have a median rent of $485.
There are currently 11 properties listed for sale, and 6 properties listed for rent in Coconut grove on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Coconut grove.

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