16 Dawson Street East Arm NT 0822

For Sale
16 Dawson Street, East Arm, NT, Australia

JLL are pleased to offer the opportunity to acquire 16 Dawson Street, East Arm, NT as part of The Southern Cross Portfolio.

The property provides a high quality facility and strong tenant covenant to nationally recognised Northline with a WALE of 7.9 years (as at Sept 2019). Comprising a large facility utilised for transport purposes, includes modern warehouses with central breezeway and office accommodation. Additionally the site benefits from surplus hardstand area of 8,265sqm* and full drive around capability.

Key investment highlights include:

- Fully leased to national transport tenant Northline
- 14,410sqm of office and warehouse improvements
- Significant site of 4.0* hectares
- Long secure lease term with a 7.9 year WALE (as at Sept-19)
- Fixed annual rental increases of 3.0%
- Rental income of $2,443,013* p.a. net (as at 29 Aug 2019)
- Provides large warehouse areas with a central breezeway, office component and large hardstand areas capable of facilitating multi-tenant occupation
- Modern (2015) improvements completed by Vaughan Constructions, a Tier 1 national industrial builder
- Large surplus hardstand component of 8,265sqm*
- Located within an area with history of high tenant retention
- Strategically located within Darwin Business Park which historically has strong take up of available land and is home to major logistics users such as Toll, TNT, Qube and Metcash
- The asset provides convenient access to complementary services including major arterial Stuart Highway, North Shell Island (Darwins main industrial freighting port) and Darwin Passenger Railway
- Low site coverage ratio of 36% provides future development upside
- Strategic location for Northline having established their business based on this route over 30 years ago
- Approved route for road trains and B-quads, together with B-triples and B-doubles

*approx.