10 Frances Bay DriveDarwin City NT 0800
Property Details for 10 Frances Bay Dr, Darwin City
Last Listing description (July 2022)
Once in a lifetime opportunity to secure a 36,700m2 waterfront development supersite overlooking Frances bay in Darwin City. This exceptional waterfront development opportunity is set to feature strategically in Darwins prosperous future given the locations calculated inclusion into the Darwin City Centre Masterplan. The prime location is ultimately intended to accommodate a mixture of commercial, residential, tourism, marine and lifestyle applications afforded by visionary SD9 Zoning.
This truly exceptional waterfront supersite offers the opportunity to stage a development incorporating short, medium and long term opportunities. Further adding to the appeal is the potential of significant holding income stemming from various existing occupants trading in marine, transport and logistics operations.
Darwin City has an emerging and diversified economy with increasing opportunities to leverage its proximity Asia. The Frances Bay supersite represents an exceptional opportunity for a sophisticated developer to establish an unprecedented positon in the market, which offers scope to influence and further improve Darwins reputation as a sophisticated Global hub.
Key Highlights:
Prime waterfront property
Darwin City Location
Lot 5500 - 3.67 ha Allotment
Potential for holding income
Outstanding development potential
Integral to Darwin City future
For further information or to arrange an inspection, please contact Craig Inkster or Chris Hyland.
Property History for 10 Frances Bay Dr, Darwin City, NT 0800
- 09 Sep 2024Sold for $1,520,000
- 09 Sep 2024Sold for $400,000
- 30 Nov 2020Listed for Sale Please contact agent
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About Darwin City 0800
The population of Darwin City in 2011 was 4,545 people. By 2016 the population was 6,479 showing a population growth of 42.6% in the area during that time. The predominant age group in Darwin City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation. In 2011, 26.6% of the homes in Darwin City were owner-occupied compared with 22.8% in 2016.
Darwin City has 5,328 properties. Over the last 5 years, Houses in Darwin City have seen a 12.95% increase in median value, while Units have seen a 22.09% increase. As at 30 September 2024:
- The median value for Houses in Darwin City is $543,443 while the median value for Units is $419,217.
- Houses have a median rent of $600 while Units have a median rent of $600.
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