For Sale

Suite 1, 25 Parap Road, PARAP 0820

  • Building Area 506 m²
  • Sale Price $2,200,000

Leased Investment

Highlights

  • 5 +5 +5 year lease
  • Longstanding, highly regarded business

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” has recently undergone a complete redevelopment and now in addition to providing valuable local amenity it meets world competition 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 1 is on the ground floor of the building on the eastern side and has a northerly aspect. This unit includes a total of 588 square metres under title which also includes six car parks, two on grade at the front of the building and four under cover on the first floor, excluding the car parks this property has a gross floor area of 506 square metres. This unit is essentially a regular shape with the exception of a common fire escape corridor from the internal stairs. This tenancy includes glazing on three sides, which allows plenty of natural light into the tenancy. This unit is fit out with a ‘top quality’ fit out, including mostly glass partitioning, carpet tiles and a modern kitchen area and toilets.

LJ Hookers Darwin has been recognised as a market leading Northern Territory real estate office for decades and includes a strong commercial department and office in Alice Springs.

LJ Hooker Darwin have a new five (5) year commencing on 1 February 2020, with a passing rent of $170,000 + GST + Outgoings per annum and CPI reviews annually.

For more information lease call Lee Doyle on 0403 348 243 or Ryan Doyle on 0405 192 389.

Zoning Commercial Council

City of Darwin

Tenure

Tenanted Investment

Pricing

All prices are indicative plus GST (if any).

Sale Car Spaces

6

Building Area 506 m² Land Area 1,532 m²
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