161 Mitchell StreetLarrakeyah NT 0820
Property Details for 161 Mitchell St, Larrakeyah
Last Listing description (October 2020)
Located on the corner of Lambell Terrace and Mitchell Street at the western entrance to Darwin City, this landmark property features outstanding exposure to passing traffic and has a range of potential uses from development to renovate with an Exceptional Development (EDP) currently in place and 759m2 of freehold title.
Previously known as the Larrakeyah Store and with a current supermarket Liquor license, this Landmark Real Estate offers approximately 300m2 of ground floor retail/office with accommodation upstairs and car parking on grade. Yes, there is some works to do to bring this property back to good condition, the location however says it all.
Exceptional Development Permit (EDP) is to build 19 x 1 bedroom and 1 x 2 bedroom apartments over 3 levels, with approximately 600m2 ground level retail and basement carparking designed by world class local architect Hully Liveris Design.
* 759m2 MD Zoned Land with EDP
* EDP to build 19 x 1 bed & 1x 2 bed pus retail & carpark
* Iconic landmark location at the entrance to Darwin City
* Existing building ideal to renovate for owner occupier
* Supermarket liquor license can pass with sale
* Realistic expectations
For Further information please contact Jeremy ODonoghue 0407 080 067.
For Sale by Expressions of Interest closing on Thursday 2nd July at 4pm.
Property History for 161 Mitchell St, Larrakeyah, NT 0820
- 26 May 2020Listed for Sale Expressions of Interest
- 09 Apr 2014Sold for $1,650,000
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0About Larrakeyah 0820
The size of Larrakeyah is approximately 2 square kilometres. It has 8 parks covering nearly 5.3% of total area. The population of Larrakeyah in 2011 was 3,242 people. By 2016 the population was 3,723 showing a population growth of 14.8% in the area during that time. The predominant age group in Larrakeyah is 20-29 years. Households in Larrakeyah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Larrakeyah work in a professional occupation. In 2011, 37.4% of the homes in Larrakeyah were owner-occupied compared with 32.3% in 2016.
Larrakeyah has 2,247 properties. Over the last 5 years, Houses in Larrakeyah have seen a 15.68% increase in median value, while Units have seen a 9.87% increase. As at 30 September 2024:
- The median value for Houses in Larrakeyah is $893,649 while the median value for Units is $438,170.
- Houses have a median rent of $800 while Units have a median rent of $580.
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