2 Second StreetKatherine NT 0850
Property Details for 2 Second St, Katherine
Last Listing description (October 2024)
Auction Location: LJ Hooker Darwin Boardroom, Suite 1, 25 Parap Rd Parap NT 0820
This offering provides the purchaser a fantastic opportunity to acquire a large holding of 4,050 m2 with three street frontages in the heart of the Katherine CBD. Approximately 2,240m2 of this prime real estate is currently developed, and the remainder is vacant. Established on the land is EG Ampol Service Station and Katherine Laser Wash, both of which are tenanted. The property is generating an annual net income of $218,361.70 and has solid potential for development.
Area Under Title 4050m2
Prime CBD Location
Three street frontages
Tenanted service station and car wash.
Annual net income currently $218,361.70
Approximately 1,810m2 vacant land.
This property is an absolute gem and right in the heart of Katherine CBD. Take advantage of the unique opportunity to purchase this prime Katherine real estate with wonderful development potential while pocketing a healthy return.
For more information or to arrange an inspection, please John Grant on 0429 982540 or jgrant@ljhnc.com.au or David Loy on 0418 897104 or dloy@ljhookerdarwin.com.au
Property History for 2 Second St, Katherine, NT 0850
- 23 Jul 2024Listed for Sale $3,300,000 Exc GST
- 22 Dec 2020Listed for Sale 3,7000,000 GST Exclusive
- 06 Jul 2004Sold for $233,200
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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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