3/8B Gardiner StreetDarwin City NT 0800
Property Details for 3/8b Gardiner St, Darwin City
Last Listing description (January 2023)
8 Gardner Street is on the corner of Gardiner Street and Knuckey Street, this building is known as Evolution which is one of the most recognizable landmarks in the Darwin CBD. It is a modern building and one of the tallest buildings in the CBD being roughly 30 stories high. Evolution is mainly executive and prestige apartments and includes a number of commercial tenancies on the ground floor.
- 250m to Darwin Post Office.
- 430m to Smith Street pedestrian Mall.
8 Gardner Street, Darwin City is recognized as "Evolution" it primarily a high-rise residential tower including executive and premium apartments and was built in about 2009.
The ground floor of this building is a sub-body corporate, this includes five commercial tenancies which capitalize on the street exposure to Knuckey Street and McMinn Street.
Units 3 and 4 are positioned at the corner of the building, unit 3 includes 173 square metres under title including three exclusive car parks and unit 4 is 222sqm under title including 4 exclusive use car parks. These units have glazed walls to the external of the building and are fit out to a very high standard of a medical grade, including multiple sinks, infrastructure for medical equipment and medical grade finishes such as vinyl flooring.
These properties are currently leased to Smile Partners (NT) Pty Ltd on a five year lease which runs until 27 November 2024. The current passing income is $117,706.25 plus GST per annum net.
For more information please contact Lee Doyle on 0403 348 243 lee@northcommercial.com.au or Sam Moore on 0484 923 077 sam@northcommercial.com.au.
Property History for 3/8b Gardiner St, Darwin City, NT 0800
- 01 Aug 2022Listed for Sale SOLD - Price Withheld
- 11 Jun 2009Sold for $529,100
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0About 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 5,330 properties. Over the last 5 years, Houses in Darwin City have seen a -4.37% decrease in median value, while Units have seen a 27.89% increase. As at 31 October 2024:
- The median value for Houses in Darwin City is $484,197 while the median value for Units is $410,767.
- Houses have a median rent of $590 while Units have a median rent of $600.
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