SOLD
Sold on 29 Feb 2024 for $820,000

37 Muramats Road
East Arm NT 0822

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 75100m2
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Property Details for 37 Muramats Rd, East Arm

Building Type
Commercial
Land Size
75100m2
Local Government
Darwin Rates Act Area
Lot/Plan
Loc 055 Lot 7917/LTO2020/001

Last Listing description (November 2023)

East Arm is one of the shining lights in the Darwin commercial property market. Its strategic location combined with logistics infrastructure make it the preferred location for the majority of industrial operators. Access to intermodal transport infrastructure including the Rail, Port and Road. The continual Road upgrades in this area and for the Roads leading to the port reinforce East Arms superior logistics function.
The discussed property is just 9 radial kilometres east of the Darwin CBD and 6.7 radial kilometres west of the Palmerston CBD.
37 Muramats Road is an extension to Muramats Road and is directly adjacent to Hudson Creek, there are only a small number of properties in East Arm that have this feature.

37 Muramats Road (Part of Section 6238, HUNDRED OF BAGOT), East Arm is a 75,000 square metres waterfront industrial property, originally designed to be in four stages the owner has decided to construct in two stages.
The initial stage (A and B) includes a gross area of 44,900 square metres, it includes 150 metres of road on the northern boundary, making the site area nett of the road 41,450 square metres. This block varies in depth from 273 metres up to 326 metres, the waterfront boundary is 150 metres and includes a massive barge loading dock, this dock is 130 metres deep and 75 metres across, this dock dramatically increases the sites water frontage.
The second stage (C and D) is an additional 30,100 square metres including 2,920 square metres of road. This stage includes 120 metres of water frontage and the block varies between 231 metres and 273 metres.
Both these stages combined have a an area nett of the road 68,630 square metres, 270 metres of water frontage and a depth of between 231 metres and 326 metres.

For more information or to arrange a site inspection please call Lee Doyle on 0403 348 243 or Ryan Doyle on 0405 192 389.

Property History for 37 Muramats Rd, East Arm, NT 0822

A timeline of how this property has performed in the market
Last Sold
$820,000
29 Feb 2024
  • 29 Feb 2024
    Sold for $820,000
  • 12 Jun 2020
    Sold for $825,000
  • 24 Oct 2017
    Listed for Rent $1,441,230 / year

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About East Arm 0822

The size of East Arm is approximately 11.8 square kilometres. The population of East Arm in 2011 was 7 people. By 2016 the population was 6 showing a population decline of 14.3% in the area during that time. The predominant age group in East Arm is 20-29 years. Households in East Arm are primarily childless couples and are likely to be repaying over $2000 per month on mortgage repayments. In general, people in East Arm work in a managers occupation..

East Arm has 185 properties. Over the last 5 years, Units in East Arm have seen a 29.28% increase in median value. As at 31 July 2024:

  • The median value for Units in East Arm is $621,323.
There are currently 1 property listed for sale, and 1 property listed for rent in East arm on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in East arm.

Suburb Insights for East Arm 0822

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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.