The subject site is located just off the intersection of Daly Street and McMinn Street via Finnis Street offering excellent convenience and locality to the Darwin CBD.
The site also offers great access outbound via the Stuart Highway and Tiger Brennan Drive.
Positioned only one km to the Smith Street mall, with convenient access to Darwin Waterfront, Cullen Bay, and Mindil Beach.
The subject site is a diamond shaped allotment of 3,630m with a Low-Medium Density Residential (LMR) zoning. There was previously a Development Approval in place for eleven three-bedroom townhouses that could be reactivated.
This offering represents an outstanding opportunity to secure a development site positioned at the entrance to the CBD.
For sale via 'Expressions of Interest' closing Wednesday the 2nd of October 2024 at 4pm (if not sold prior).
For more information, please contact Ryan Doyle 0405 192 389 or Lee Doyle 0403 348 243 at LJ Hooker Commercial North.
The size of The Gardens is approximately 1.8 square kilometres. It has 5 parks covering nearly 51.3% of total area. The population of The Gardens in 2011 was 742 people. By 2016 the population was 718 showing a population decline of 3.2% in the area during that time. The predominant age group in The Gardens is 20-29 years. Households in The Gardens are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gardens work in a professional occupation. In 2011, 35.8% of the homes in The Gardens were owner-occupied compared with 33.2% in 2016..
The Gardens has 453 properties. Over the last 5 years, Houses in The Gardens have seen a 31.25% increase in median value, while Units have seen a 45.98% increase. As at 31 July 2024:
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