SOLD
Sold on 06 Aug 2024 for $250,000

4/1 Buffalo Court
Darwin City NT 0800

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 100m2
Land area: 102m2
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Sold By
Knight Frank (Northern Territory)
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Property Details for 4/1 Buffalo Ct, Darwin City

Building Type
Commercial
Floor Size
100m2
Land Size
102m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 5341/S 84/189

Last Listing description (October 2024)

Ready to take your growing and established business to the next step? Then this office could be for you!
It has a modern fit out, versatile working spaces, great natural light and storage.

The current tenant is relocating, opening up the opportunity to lease this space!

The office is located in Raffles Plaza; a mixed-use building with several commercial tenancies located on ground level and level one, while the upper levels are residential units.
Under title this 102sqm unit includes one designated and sign posted car parking spot and a balcony which overlooks the pool. The internal 80sqm office has 2 separate offices, a generous sized board room and open plan working space. It also has a small kitchenette and storage/filing space with a welcoming reception area to round out all your office needs.

FOR SALE at $250,000 + GST. Contact agent for lease price

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Property History for 4/1 Buffalo Ct, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$250,000
06 Aug 2024
Listed for Rent
$28k/w
23 Nov 2023
  • 06 Aug 2024
    Sold for $250,000
  • 01 Aug 2024
    Listed for Sale UNDER CONTRACT
  • 02 May 2024
    Listed for Sale UNDER CONTRACT
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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 5,324 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.
There are currently 83 properties listed for sale, and 66 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 299 properties were sold in the past 12 months in Darwin city.

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