OFF MARKET

8 Third Street
Katherine NT 0850

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 99m2
Land area: 2020m2
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Property Details for 8 Third St, Katherine

Building Type
Commercial
Floor Size
99m2
Land Size
2020m2
Local Government
Katherine
Lot/Plan
Loc 425 Lot 101/OP 001445

Last Listing description (June 2023)

Prime land Zoned Central Business (CB), this 2020 square metre block is positioned in a well-established central location, only a short drive or walk to the Katherine CBD.

Ample office space with large individual rooms, toilet amenities with wheelchair access and a 290-metre square shed. The block is fully fenced and secured.


Surrounding business's include Mechanics, Tyre Repair Services, Roadhouse, Car Wash, etc.

This is an excellent site to develop a much-needed local business to serve our growing community or to buy as an investment.

Property History for 8 Third St, Katherine, NT 0850

A timeline of how this property has performed in the market
Last Sold
$600,000
08 May 2023
  • 08 May 2023
    Sold for $600,000
  • 22 Feb 2022
    Listed for Sale Offers Over $650,000.00
  • 24 Sep 2013
    Sold for $435,000
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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.