OFF MARKET

38 Mcminn Street
Darwin City NT 0800

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 70200m2
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Property Details for 38 Mcminn St, Darwin City

Building Type
Land
Land Size
70200m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 5649/S 87/280

Last Listing description (October 2018)

Colliers International is extremely pleased to be able to offer to the market 38 McMinn Street, Darwin. This huge development site is being offered to the market for the first time and has been and an opportunity like this will never be repeated again in Darwin.
38 McMinn Street is located only 400 metres form the Darwin GPO and with future plans to expand Barneson Road will become one of the main thoroughfares to the Darwin CBD. These plans can be found on the Darwin City Centre Master Plan.

The Northern Territorys economy has been growing due to numerous infrastructure & construction projects including the Ichthys LNG Project, Marine Supply Base, Defence expansion, Palmerston Hospital, Darwin Prison plus many more. It is not anticipated that this growth will cease any time soon with plenty in the pipe line.
38 McMinn Street is unlike any other site, with the key features being:

70,200sqm site
400 metres from the Darwin GPO
Central location
Poised to become an integral site with future road expansions into the CBD
Many mixed use opportunities
Fantastic views
CB (Central Business) Zoning

The NT Government is renowned for encouraging construction and all regulatory authorities are eager to have 38 McMinn Street developed. Previously there were 90 metre height restrictions however this can now be appealed with approvals from certain regulatory/government groups.

This is a rare opportunity to purchase the largest privately owned site in Darwin.

For further information, please contact exclusive selling agent.

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Property History for 38 Mcminn St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$22,402,340
18 Feb 2019
  • 18 Feb 2019
    Sold for $22,402,340
  • 18 Feb 2019
    Sold for $22,402,340
  • 30 Nov 2018
    Sold for $22,402,340
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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.
There are currently 79 properties listed for sale, and 64 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 291 properties were sold in the past 12 months in Darwin city.

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