9 Hidden Valley Road is situated approximately 13kms northeast of Darwin CBD.
Located in Berrimah, the property boasts an exceptional location in the epicentre of Darwin with clean and easy access to Darwin CBD, Northern Suburbs and Palmerston and the rural area. It is located just off the Stuart Highway to the north and has easy access to Tiger Brennan Drive to the south.
The property was developed circa 1988 and offers well positioned and functional improvements. There is a steel portal frame metal clad warehouse of approximately 562sqm and an air-conditioned office/showroom of approximately 133sqm. There is a well-appointed caretaker's residence on the ground floor and above on a mezzanine level. There is a concreted area to the side of the caretaker's residence and private courtyard to the front facing Hidden Valley Road.
The land area is 5,050sqm. The car park is open to the front and shared with the adjoining property and is not fenced. There rear of the block is fully fenced and there is an abundance of area for external storage and given the size of the block there is genuine potential for additional development to the rear with the potential to build an additional shed or two and increase the income that can be generated from this property. The front half of the site is bitumen sealed and the back half is laid with gravel. The property has a 40m frontage to Hidden Valley Road and is approximately 125m deep.
The property is zoned LI - Light Industry.
The property is being offered for sale with a short-term lease back to Hidden Valley Auto Repairs. The current net rent is $78,000 per annum plus GST with the tenant responsible for all property out-goings. The lease is month to month and the tenant is to be given 6 months' notice to vacate.
Summary:
• Short term lease-back
• Current net rent of $78,000 per annum plus GST
• Land area of 5,050sqm
• Improvements of 828sqm (approx.)
For sale at $1,600,000 (to be sold as a going concern for GST purposes)
Further information can be obtained by contacting exclusive marketing agents Knight Frank on 08 8982 2500 or Matthew Knight on 0413 058 020 or Michelle McRae on 0448 882 399.
