Prime position – 905sqm CBD Freestanding office

Highlights

• 905sqm office on 932sqm 'CB' zoned land
• Scope to significantly increase income

Description

The subject property sits on a prominent corner site on Smith Street and Lindsay Street, less than 250 radial metres to the Darwin GPO and less than 400 metres to the Smith Street mall.

The property is positioned directly opposite the China Town car park.

84 Smith Street is a presentable freestanding office building over two levels with a total GFA of 1,115sqm (approx.) and 13 separate offices with sizes ranging from 28sqm up to 195sqm, and an NLA of 905sqm (approx.).

The site area is 932sqm with a frontage of 39m to Smith Street and 24m to Lindsay Street. The property is zoned ‘Central Business’ offering excellent future development potential.

The building was refurbished around 2016. There is an opportunity to reposition the property through further refurbishment such as new plant and equipment and altering tenancy configurations to increase efficiencies.

The building is currently 53% leased to longstanding Tenants with a current passing income of $127,744 + GST, and scope to increase the income to reflect a strong return.

For a detailed Information Memorandum please contact exclusive marketing agents Ryan Doyle 0405 192 389 or Lee Doyle 0403 348 243 at North Commercial NT.