SOLD
Sold on 12 Mar 2024 for $3,025,000

4 Carey Street
Darwin City NT 0800

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2620m2
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Property Details for 4 Carey St, Darwin City

Building Type
Land
Land Size
2620m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 1622/OP 001176

Last Listing description (March 2024)

4 Carey Street in Darwin's CBD is a prime development site located on the edge of the City. The elevated profile of the property overlooks Darwin Harbour and offers sweeping views of Frances Bay and Darwin city skyline.

The location is convenient to key CBD amenity with most areas of the city including Darwin Waterfront being within walking distance. The site has excellent connectivity to main road infrastructure being equidistant to both Tiger Brennan Drive and Garrimilla Boulevard.

Favourable Central Business (CB) zoning allows for a height limit of 90m* which provides exceptional development versatility and capacity to truly capture the stunning scenic beauty of the surrounds. A development permit for a 28 storey building on the property currently exists.

Confidence in the Darwin economy is growing at a rapid pace. 4 Carey Street is well positioned to cater for the future development demand that will come with anticipated growth.

Key Features:

* 2,620m2 development site
* Zoned (CB) Central Business
* Stunning water views
* Direct access to CBD and Waterfront precinct
* 90m height limit
* Prime development site with outstanding potential
* Existing Improvements provide scope for holding income
* Just 550m to new CDU City Campus
* Approved development application for 28 storey tower

Comments relating to zoning and development are all subject to Statutory Approvals.

For more information get in touch with Colliers exclusive marketing agents Mark Jagla and Matthew Meynell.

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Property History for 4 Carey St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$3,025,000
12 Mar 2024
  • 12 Mar 2024
    Sold for $3,025,000
  • 17 Jun 2022
    Listed for Sale SOLD
  • 23 Dec 2013
    Sold for $4,530,000

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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 5,383 properties. Over the last 5 years, Houses in Darwin City have seen a -3.25% decrease in median value, while Units have seen a 25.89% increase. As at 30 November 2024:

  • The median value for Houses in Darwin City is $457,354 while the median value for Units is $402,400.
  • Houses have a median rent of $585 while Units have a median rent of $600.
There are currently 78 properties listed for sale, and 70 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 314 properties were sold in the past 12 months in Darwin city.

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