SOLD
Sold on 02 Sep 2024 for $700,000

1/17 First Street
Katherine NT 0850

Bedrooms: 5
Bathrooms: 1
Car spaces: -
Land area: 89m2
Sold By
Knight Frank (Northern Territory)
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Property Details for 1/17 First St, Katherine

Building Type
Commercial
Land Size
89m2
Local Government
Katherine
Lot/Plan
Loc 425 Lot 51/OP 001444

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.

Major Services Connected - Mains supply water, sewerage, telephone and electricity. Common Amenities in the complex
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

A timeline of how this property has performed in the market
Last Sold
$700,000
02 Sep 2024
  • 02 Sep 2024
    Sold for $700,000
  • 15 Aug 2016
    Listed for Sale $970,000
  • 16 Apr 2007
    Sold for $700,000

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About 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 10.63% increase in median value, while Units have seen a 10.24% increase. As at 30 September 2024:

  • The median value for Houses in Katherine is $346,112 while the median value for Units is $194,753.
  • Houses have a median rent of $500 while Units have a median rent of $385.
There are currently 24 properties listed for sale, and 7 properties listed for rent in Katherine on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Katherine.

Suburb Insights for Katherine 0850

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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.