46 Katherine TerraceKatherine South NT 0850
Property Details for 46 Katherine Tce, Katherine South
Last Listing description (December 2020)
Here is your opportunity to purchase 1,430m2 of absolute prime real estate in Katherines main street- location does not get better than this!
Lease 1 is 163.20m2 office space leased at $39,770.29 per annum
Lease 2 is 717m2 ground level and 747m2 mezzanine (used as storage) and leased at $157, 327.08
Parking for 16 at the back of the complex
Shop front parking for 12
Mezzanine area has 3 offices, bathroom amenities, a lunchroom and a florist preparation area
Katherine is located south of Darwin, approx. 310 kilometres and the cross roads to Western Australia, Queensland and South Australia. The population is approx. 10,000 people, which increases considerable in the Dry Season (May Oct). Katherine is a pivotal point for those travelling northern Australia by road, many turn off at Katherine to proceed to W.A instead of continuing onto Darwin.
The town has a large RAAF Base attached, Tindal is consists of a Squadron of F18 Fighter Jets. The Federal Government have planned to base a further Squadron of Fighter Jets, along with support aircraft. There is also talk of locating a squadron of Drones at Tindal. It is speculated to increase the population of Katherine by a further two thousand plus people.
Tourism, Agriculture and Horticulture still plays a large part in Katherines economics.
Contact Olivia Thompson 0438 845 460 from Landmark Katherine for more information.
Property History for 46 Katherine Tce, Katherine South, NT 0850
- 21 Oct 2020Sold for $1,700,000
- 28 Sep 2019Listed for Sale OFFERS OVER $1,899,000
- 15 Feb 2019Sold for $1,850,000
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About Katherine South 0850
The size of Katherine South is approximately 6.2 square kilometres. It has 9 parks covering nearly 19% of total area. The population of Katherine South in 2011 was 1,405 people. By 2016 the population was 1,494 showing a population growth of 6.3% in the area during that time. The predominant age group in Katherine South is 30-39 years. Households in Katherine South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Katherine South work in a professional occupation. In 2011, 34.4% of the homes in Katherine South were owner-occupied compared with 38.8% in 2016.
Katherine South has 731 properties. Over the last 5 years, Houses in Katherine South have seen a 17.25% increase in median value, while Units have seen a 12.51% increase. As at 31 October 2024:
- The median value for Houses in Katherine South is $321,883 while the median value for Units is $233,072.
- Houses have a median rent of $443 while Units have a median rent of $325.
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