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FOR SALE

Level 1 Suite 10, 25 Parap Road, PARAP, 0820

Leased Investment - 8.4% net return

Property ID# 114323

Highlights
  • Prime City Fringe Location
  • Modern Commercial Building
Description
Only 3.2 radial kilometres north of the Darwin CBD, Parap is one of the most sought after residential suburbs in Darwin, it near city location and access to extensive foreshore allow for a fantastic lifestyle. Due to the era this area was developed the land lots are typically large, larger than 1,000 square metres and very green with established well maintained gardens.

Parap Villiage is also a very established precinct and includes a range of amenities and services ranging from professional services such as accountant and solicitors, medical suites, veterinarian and boutique groceries plus many more. Parap is renowned for its year-round Saturday markets, Parap Primary School is highly regarded and the “Parap Swimming Pool” is currently undergoing a complete redevelopment which once complete will mean that it meets world standards.

25 Parap Road is a modern three story office building, completed in 2011, on possibly the most prominent corner of Parap, the corner of Parap Road and Gregory Street. This building includes 11 strata-titled commercial units which range in size from 71 square metres up to 935 square metres and have a combined gross floor area of 2,835.5 square metres, there are 36 car parks on the individual unit titles and a generous number of common car parks on the ground level at the front of the building.

Unit 10 is on the first floor of the building on the eastern side and has a northerly aspect. This unit includes a total of 450 square metres under title which also includes four car parks, one on grade at the front of the building and three under cover on the first floor. This unit is a regular shape and includes glazing on three sides which allows plenty of natural light into the tenancy. There are two small balconies, one on the north western corner and one on the north eastern corner. This unit is fit out with a ‘top quality’ fit out, including mostly glass partitioning, carpet tiles and a large modern kitchen area and toilets.

For more information or to arrange an inspection please call Lee Doyle on 0403 348 243 or Ryan Doyle on 0405 192 389.
Area
400 sqm
Sale Price
$1,428,571
Tenure Type
Tenanted Investment
Zoning
Commercial
GST
All prices quoted are exclusive of GST.
Lee Doyle

Lee Doyle

P: (08) 8981 1088

M: 0403 348 243

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Lee grew up in Darwin and then moved to Brisbane to further his education and establish a career in commercial real estate. Lee brought back to Darwin a B. Commerce (Economics) and 6 years’ experience from industry leasing companies ‘King & Co. property consultants’ and ‘CBRE’. Quick to make his mark in Darwin Lee was awarded ‘2011 Commercial Sales agent of the year’ from the REINT. Lee enjoys working closely with his clients to identify market opportunities in the commercial property sector and to maximize and protect the value of their assets.
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Ryan Doyle

Ryan Doyle

P: (08) 8981 1088

M: 0405 192 389

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Ryan holds a Bachelor of Business degree majoring in Management and began his real estate career focusing on the Port of Brisbane area where he worked for Colliers International in the industrial department. Ryan then returned home to Darwin in 2010 to work with his brother, Lee in the Darwin commercial market specialising in commercial and industrial sales and leasing. Throughout his career Ryan has successfully brokered a number of significant transactions for key clients such as Goodman International, ANZ Bank, Swire Group, and Commonwealth of Australia. Ryan is excited about being a part of the emerging Darwin market and believes in the long term prospects of Darwin moving forward.
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