THE Precinct on Harvey, DARWIN NT 0800
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- 13 Sep 2016
Darwin's Best CBD Development Estate
Driven in part by recent major oil and gas projects and increased spending by Australian and U.S. defense forces thanks to Darwin's strategic location as the gateway to Asia, there is a robust economy for new development within the CBD where Darwin's younger population are wanting to live, work and play.
In response to this need for prime city land, the east side of the city has been undergoing a major transformation from its more industrial focused past to a vibrant location for trendy new housing, shops and offices. Bordering valuable open space on this side of the city the Precinct on Harvey development estate is strategically placed for any number of development options. Neighbored by recent residential development completions, this estate sits on the proposed Barneson Boulevard transport corridor into the city. Barneson Boulevard is about to become a reality as funds were set aside for its construction at the recent territory budget.
The 'Precinct on Harvey' presents six affordably priced hi-rise development sites around an exclusive culs de sac. Offering outstanding water and city views from this elevated land, these fully serviced allotments are now complete, with titles expected to be issued at any time. Identified in the CBD masterplan as a key new growth area in the city this land will eventually about the main road entrance corridor from Tiger Brennan Drive into the city heart.
Development parcels range from 1224m² - 1689m² in size which are ideal for medium size developments which are easily funded through local banks with pre-sales, or can be joined together to create a more significant development.
Harvey Street itself has also been undergoing some significant changes, with Power Water Corp remodeling the electricity substation and large towers and major overhead power lines associated with this land use have recently been removed. All of the low voltage poles and lines that previously lined this street have now gone and new street lighting has been erected in their place.
There is strong demand for aged and health care facilities in Darwin, with support from the NTG to see development in these fields. This may factor strongly in a development on this site.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
THE Precinct on Harvey DARWIN