1/17 First StreetKatherine NT 0850
Property Details for 1/17 First St, Katherine
Last Listing description (September 2019)
Modern commercial premises in the heart of Katherine CBD. Long-term popular investment. 5 offices / retail units in total - 330m2 lettable area in total. Strata-titled office property.
Excellent pedestrial access - adjacent Katherine Cinema's, next door to McDonalds, around the corner from Katherine Post Office.
Off-street secure parking via single lane driveway to the eastern side of the lot boundary.
Brick veneer construction - 1995.
Unit 1 - 89m2
Unit 3 - 57m2
Unit 5-7 - 130m2
Unit 8 - 54m2
Total Annual income $111,043 gross.
Property History for 1/17 First St, Katherine, NT 0850
- 02 Sep 2024Sold for $700,000
- 15 Aug 2016Listed for Sale $970,000
- 16 Apr 2007Sold for $700,000
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0About Katherine 0850
The size of Katherine is approximately 4.2 square kilometres. It has 9 parks covering nearly 8.1% of total area. The population of Katherine in 2011 was 1,376 people. By 2016 the population was 1,490 showing a population growth of 8.3% in the area during that time. The predominant age group in Katherine is 20-29 years. Households in Katherine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Katherine work in a professional occupation. In 2011, 42.3% of the homes in Katherine were owner-occupied compared with 43.8% in 2016.
Katherine has 1,224 properties. Over the last 5 years, Houses in Katherine have seen a 16.43% increase in median value, while Units have seen a 28.77% increase. As at 31 October 2024:
- The median value for Houses in Katherine is $345,369 while the median value for Units is $233,652.
- Houses have a median rent of $485 while Units have a median rent of $380.
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