OFF MARKET

99 Mitchell Street
Darwin City NT 0800

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2020m2
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Property Details for 99 Mitchell St, Darwin City

Building Type
Land
Land Size
2020m2
Local Government
Darwin
Lot/Plan
Loc 200 Lot 620/B 000292

Last Listing description (October 2023)

This property is located on Mitchell Street only 100 metres from Daly Street and only one block back from the Esplanade. At the northern end of the Central Business District this location provides great access to the main office precinct but also allows for easy access to the Stuart Highway to get to the Northern Suburbs, Palmerston or rural areas.

Planning developments in recent years have opened the door for much higher population density east of Mitchell Street. This combined with the recent completion of the 105 Mitchell Apartments will see a significant increase of the population in this area. We expect this will have a dramatic effect on the potential for this site.

This prime 'Central Business' zoned block of land is situated between the mixed use strata titled development, Northgate Plaza at 101 Mitchell Street and Globetrotters, the bar and backpackers establishment at 97 Mitchell Street.

The property offers 32 metres of frontage to Mitchell Street with a depth of 63 metres.

As the allotment is situated in the Darwin CBD precinct and is zoned 'Central Business' the height control restrictions for the property are 90 metres above ground level. This is as per the planning guidelines that outline the Central Darwin Core area between Bennet Street on the south eastern, running parallel the allotments between the Esplanade and Mitchell Street, along Daly Street on the north western side, and along the north eastern side of McMinn Street.

The property is currently leased to Bargain Car Rentals on a year on year basis. They are paying $80,000 per annum.

To discuss what we can do for you, call Ankita Rayal today on 0400 428 900.

Property History for 99 Mitchell St, Darwin City, NT 0800

A timeline of how this property has performed in the market
Last Sold
$3,000,000
14 Sep 2004
  • 27 Sep 2022
    Listed for Sale For Sale
  • 27 Aug 2015
    Listed for Sale By Negotiation
  • 14 Sep 2004
    Sold for $3,000,000
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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 5,326 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 85 properties listed for sale, and 64 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 298 properties were sold in the past 12 months in Darwin city.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.