Knight Frank is pleased to bring to the market this excellent development opportunity, well located on McMinn Street on the fringe of the Darwin CBD with very good exposure.
The property is ripe to be repositioned or redeveloped as Darwin continues to grow and develop.
It is a 1,650 sqm block located only 700m to Darwin GPO and the Smith Street Mall. The property is zoned Central Business (CB) with a development potential for up to 90m height.
There are some residential apartment blocks on the street behind (Carey Street) and some commercial properties along the remainder of McMinn Street.
It is in close proximity to the water/sea based businesses along Frances Bay Drive and the 'Golden Mile' along the Stuart Highway, with most main brand car dealerships, gyms and several other businesses.
On the property itself there is a two storey office building, situated to the front of the site with an awning and warehouse out to the rear. The site drops away to the south and the west and there is an extensive retaining wall which creates some additional sub ground storage.
There is a vacant block of land of 1,492sqm to the rear of the property, which Knight Frank NT also has available for sale. The 2 blocks could be connected for more development opportunities in the future. Contact the agents today to find out more about this opportunity!
Summary of improvements on 16 McMinn Street:
- Ground floor office estimated at 160 sqm*
- First floor unlined/unfinished office space of approximately 160 sqm*
- First floor 2-bedroom caretaker's residence
- Awning to rear of offices of approximately 110 sqm*
- Warehouse of 580 sqm* to the rear of the site
Note: None of the improvements are up to code and do not have any Permits to Occupy.
This property will be sold vacant.
It is for sale by Expression of Interest closing 6th June 2024 at 4pm (ACST)
* Approx.
