25 Gilruth AvenueThe Gardens NT 0820
Property Details for 25 Gilruth Ave, The Gardens
Last Listing description (October 2019)
Colliers International is pleased to exclusively present to the market Little Mindil one of Darwins most exclusive and prized development sites. The commanding 51,300m2 land parcel features approx. 200m of pristine beach frontage overlooking Fannie Bay. The area is recognised as one of Darwins best stretches of coastline.
The location is exceptional - situated between the Casino Resort and Myilly Point while also having direct proximity to Cullen Bay, Larrakeyah, The Gardens and Darwin CBD.
Improvements currently include a fully landscaped and serviced car park (230 bays), pedestrian access paths and open lawned beachfront convention and entertainment area.
With outstanding tourism and lifestyle amenity on the doorstep of the site the property has exceptional views with ocean to the West and tropical parklands and Gardens Park golf course to the South and East. Little Mindil is well positioned for a variety of development outcomes including hotel, resort, tourism, lifestyle and commercial applications.
The key attributes of this opportunity include:
51,300 m2 site
Prime beach front location
Multi zone site with the majority zoned Tourist Commercial (TC)
Adjacent to Casino Resort and Myilly Point
Walking distance to CBD, Cullen Bay & Larrakeyah
Scale of site enables development diversity
FOR SALE
For further information contact the exclusive marketing agents at Colliers International.
Property History for 25 Gilruth Ave, The Gardens, NT 0820
- 10 Aug 2022Sold for $11,550,000
- 18 Mar 2019Sold for $10,291,388
- 02 Feb 2019Listed for Sale Not Disclosed
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About The Gardens 0820
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 451 properties. Over the last 5 years, Houses in The Gardens have seen a 12.57% increase in median value, while Units have seen a 40.55% increase. As at 31 October 2024:
- The median value for Houses in The Gardens is $649,190 while the median value for Units is $442,756.
- Houses have a median rent of $560 while Units have a median rent of $575.
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