58 Katherine TerraceKatherine South NT 0850
Property Details for 58 Katherine Tce, Katherine South
Last Listing description (February 2019)
Katherine is at the Crossroads of Northern Australia, and this property at the junction of the Stuart Hwy, connecting North and South to the West, via Victoria Hwy.
This site is seen as a premium location in the Katherine CBD with excellent vision from all directions into the main street.
1120m2 total size allotment.
Block and steel construction building. Security fencing.
Secure Lease to July 2022 + 5 year option. (5yr + 5yr + 5yr) Current 9.2% return. Established business in the Katherine region for over 20 years - secure tenant.
Property History for 58 Katherine Tce, Katherine South, NT 0850
- 05 Mar 2019Sold for $720,000
- 02 Aug 2018Listed for Sale Not Disclosed
- 28 Sep 2017Listed for Sale Not Disclosed
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0About 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 18.78% increase in median value, while Units have seen a -6.00% decrease. As at 30 September 2024:
- The median value for Houses in Katherine South is $328,988 while the median value for Units is $193,785.
- Houses have a median rent of $445 while Units have a median rent of $325.
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