Investment Highlights
Anchored by long term leases to proven tenants
Young, vibrant regional hub with a fast-growing future
Strong trading centre seamlessly adjoining a "ALH Group" Hotel
Strong and certain income growth across all tenancies with annual, fixed compounding increases
Located 20kms* from the Territory's capital Darwin
Description
Four Tenancies all Leased
Net Rental Income: $240,800* pa + GST
Property area of 1,390* sqm and G.L.A of 768sqm
Average lease expiry is 3 years*, plus all tenants have options to extend
All shops on one title, possible to strata subdivide (S.T.C.A)
No Land Tax payable in Northern Territory
Modern ground level commercial strata asset in an established and proven development.
Single strata title configured as six shops, currently fully occupied by four different tenants.
Established modern suburb, the site has easy access from 3 roads with good exposure to passing traffic.
This near new retail property is part of a UDIA award winning master planned development consisting of 70 apartments, restaurants, Hair & Beauty, Cafe´s, Bottle Shop, Office space & the Bell Bar and Bistro. Positioned to a busy main road with 3 street frontages and 64 on site car spaces.
Location:
BELLAMACK: Modern, established residential area on the fringe of Palmerston. The second largest city in the Northern Territory, Palmerston is a young, vibrant regional hub with a fast-growing future. Located 20kms* from the Territory's capital Darwin, Palmerston is a diverse community with many young families calling the city home.
* approximately
Outlines on images are indicative only
For Sale
Price= $2,999,990
Offers Welcome. Must Be Sold.
Disclaimer
The sales team has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by the sale team toward the recipient regarding the use of this information and all information given is given without responsibility.
