90 Virginia RoadVirginia NT 0834
Property Details for 90 Virginia Rd, Virginia
Last Listing description (June 2022)
Freehold opportunity - Leased to 2026 to highly regarded family owned operator 'Family First' Early Learning
Option to renew to 2031
Net Income: $124,800 pa + GST and outgoings
Annual CPI review and market review when first option expires 2026
Functional, purpose-built facility with significant on site infrastructure
Tenant pays all outgoings
Minimal competition for tenant in high growth area
Prominent 5 acre site with main road exposure in blue ribbon rural Suburb
Burgeoning location a stones throw to Coolalinga Central, a sub-regional shopping centre anchored by Coles and Kmart
A logical long term investment with healthy cashflow and exceptional capital growth prospects
Viewing available after hours to serious qualified buyers
Located on Virginia Road a main arterial road through the rural area and nearby to the Stuart Highway, the property is approx. 5 minutes from the Coolalinga Central Complex and about 10 minutes from Palmerston CBD.
On the property are multiple dwellings; at the front is an office and industrial kitchen along with wrap around verandahs that take in the views over the play ground with shade sails and a huge grassy play area with slides, swings and cubby play spaces for the kids. There are two minding rooms along with bathrooms, laundry room and plenty of parking as well.
A secondary building resides at the back of the property and also has an office and storage room along with another 2 minding rooms, outdoor play areas, verandahs that overlooks twin play ground spaces that all have secure fencing and shade gardens. There is a kids bike path under towering shade sails along with a chicken coop as well.
More than just another investment property, this is a key piece of real estate that assists the rural community with an essential service
Property History for 90 Virginia Rd, Virginia, NT 0834
- 21 May 2022Listed for Sale Under Offer
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About Virginia 0834
The size of Virginia is approximately 32.6 square kilometres. It has 1 park. The population of Virginia in 2011 was 2,042 people. By 2016 the population was 1,837 showing a population decline of 10.0% in the area during that time. The predominant age group in Virginia is 50-59 years. Households in Virginia are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Virginia work in a trades occupation. In 2011, 79% of the homes in Virginia were owner-occupied compared with 78% in 2016.
Virginia has 749 properties. Over the last 5 years, Houses in Virginia have seen a 28.38% increase in median value, while Units have seen a 68.03% increase. As at 30 November 2024:
- The median value for Houses in Virginia is $719,488 while the median value for Units is $465,951.
- Houses have a median rent of $798.
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