OFF MARKET

69 Mitchell Street
Darwin City NT 0800

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 363m2
Land area: 7620m2
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Property Details for 69 Mitchell St, Darwin City

69 Mitchell St, Darwin City is a 0 bedroom, 0 bathroom House. The property has a land size of 7620m2 and floor size of 363m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Floor Size
363m2
Land Size
7620m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 6587/S96/184

Last Listing description (March 2022)

Colliers on behalf of Jamie Harris and Anthony Connelly of McGrathNicol in their capacity as Receivers and Managers of GAJ Nominees Pty Ltd (Receivers and Managers Appointed) are pleased to exclusively offer for sale the Darwin Transit Centre located at 69 Mitchell Street, Darwin, NT, 0800.

Occupying a prominent corner site in the centre of Darwin's CBD, this significant holding offers a multitude of outcomes through either redevelopment, refurbishment or repositioning the existing tenant mix.

The key investment attributes are as follows:

- 7,740sqm* CBD landholding
- Significant holding income of approximately $1.4 million plus GST
- Dual street frontages with high exposure to passing traffic
- Diversified tenant mix including hospitality, tourism, retail-sector tenants
- Anchored by the renowned 'Shennanigans' tavern, an Australian Venue Co facility;
- 2 x licensed backpacker facilities with approximately 475 beds;
- Multiple development outcomes including subdivision or redevelopment with a 90 metre height limit (subject to Planning Commission approval).

The Darwin Transit Centre is being sold by Expressions of Interest closing 4:00pm, Thursday 22nd July 2021. For further information or to arrange an inspection please contact the marketing agents below.
*Approximately

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Property History for 69 Mitchell St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$16,250,000
14 Sep 2021
Listed for Rent
$523/w
12 Sep 2023
  • 14 Sep 2021
    Sold for $16,250,000
  • 08 Jun 2021
    Listed for Sale Please contact agent
  • 17 Feb 2016
    Listed for Rent - Price not available
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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 5,362 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 75 properties listed for sale, and 59 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 297 properties were sold in the past 12 months in Darwin city.

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