70 Cavenagh StreetDarwin City NT 0800
Property Details for 70 Cavenagh St, Darwin City
Last Listing description (November 2023)
There are four tenancies over two levels totaling 910sqm, they feature an extensive fit-out. There is reception areas and meeting rooms with separate offices complete with glass partitioning. There is also a large boardroom, storeroom, and a large open plan areas.
Additionally there are toilet facilities and a kitchenette with each tenancy.Ten secure car parks in total.
Property is fully Leased returning $165,000 + GST per annum
This is a unique opportunity to secure a prime land holding in Darwin CBD on Cavenagh Street with excellent development potential.
For more information please contact Ryan Doyle 0405 192 389 or Lee Doyle 0403 348 243 at North Commercial NT.
Property History for 70 Cavenagh St, Darwin City, NT 0800
- 29 May 2019Listed for Sale By Negotiation
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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.
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