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1,3,5,7,8/17 First Street
Katherine NT 0850
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1,3,5,7,8/17 First Street Katherine NT 0850

  • Offices
  • 54 - 89 m²
  • For Sale, Expression of Interest closing Thu 2/5/24 at 4PM

Five Commercial Strata Units - Investment/occupier opportunity

    Knight Frank (Northern Territory) under Mortgagee instructions is pleased to bring to the market these five well located units within a commercial strata premises in the heart of Katherine (NT). The 5 units are well maintained, of good quality and are contained within an impressive group of 8 commercial units in a body corporate. There is ample on site carparking, an attractive garden and paved area between the units (breeze way & common property) The properties are situated close to Katherine Local Court.
    Two of the units are vacant and three units are currently rented;

    Unit 1 - 89sqm* (rented)
    Unit 3 - 57sqm* (rented)
    Unit 5 - 57 sqm*
    Unit 7 - 73sqm*
    Unit 8 - 54 sqm* (rented)
    Total - 330 sqm*

    The units are for sale (in one line or separately) and are suitable for owner occupiers as well as investors. This is a small investment and repositioning opportunity with the flexibility given the vacancy and monthly tenure.

    The units enjoy strong occupancy and interest due to the significant car parking at the rear of the building situated on common property, and the exposure to First street.

    These units would be attractive for self-managed superannuation funds - it's a good way to invest and grow your fund. Rental rates are usually higher than mortgage repayments, even in the current market. New construction in town is expensive so there is little development / competition in the foreseeable future. There are also limited alternative sites to accommodate a relocation from the property.

    The Katherine Region is a suitable place to invest due to significant investment in Defence, Mining, Oil & Gas and Tourism in and around region. Tindal RAAF base is located not far South and Katherine is the main and only town close by.

    More details are set out in an Information Memorandum which can be provided to interested parties upon competition of a Confidentiality Deed.

    Mortgagee Sale
    For Sale by Expression of interest (in one line or separately) closing on Thursday 2nd May 2024 at 4pm - Knight Frank office, Ground Floor 46 Smith Street Mall Darwin.

    Open inspection will be held on:
    Friday 12th & Saturday 13th April 2024 12pm to 2pm
    Friday 19th & Saturday 20th April 2024 12pm to 2pm

    Please contact agents to confirm your attendance or interest.

    Property Highlights

    Floor Area54 - 89 m²
    Land Area330 m²
    Energy0-star NABERS Energy rating
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2019147200
    Category
    Last updated  2 Apr 2024
    Map for 1,3,5,7,8/17 First Street Katherine NT 0850

    Property Highlights

    Floor Area54 - 89 m²
    Land Area330 m²
    Energy0-star NABERS Energy rating
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2019147200
    Category
    Last updated  2 Apr 2024
    46 Smith St Darwin City NT 0800

    More Offices for Sale in Katherine NT

    For SaleExpression of Interest closing Thu 2/5/24 at 4PM
    1,3,5,7,8/17 first street,katherine, NT 0850
    54 - 89 m²
    Offices

    Property FAQs

    The agent has not listed a sale price for 1,3,5,7,8/17 First Street Katherine NT 0850. Contact the agent for a price guide.
    The floor area for 1,3,5,7,8/17 First Street Katherine NT 0850 is 54 - 89 m².
    There is no on-site parking availability specified for 1,3,5,7,8/17 First Street Katherine NT 0850. For more information about parking, contact the agent.
    1,3,5,7,8/17 First Street Katherine NT 0850 is currently vacant.
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