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Description: A rare opportunity in the tightly held Darwin inner-city precinct.
Currently used as a city home for the very long-term owners. This property could be your own home or perhaps a rental investment, whilst you prepare your redevelopment plans.
The home has 3 bedrooms upstairs and a large rear verandah overlooking the yard. There are further rooms downstairs plus a second bathroom.
The property has excellent off-street parking, both undercover and in the open. Access is available via two driveways along the Shepherd Street frontage.
The home is fully post-cyclone coded.
The CB, or Central Business zoning is a very flexible zoning, allowing the land to be developed with highrise units, offices, retail and more.
This corner site location opens up any future development to some wide-ranging views to the North and East. It also provides the opportunity to have excellent natural light coming into the building.
As the neighbour at 33 Lindsay Street is also listed for sale, there is a possibility to secure both properties and have a substantial consolidated site with 3 street frontages.
Details -
* 683sqm
* No easements on the title
* 24.38m frontage to Shepherd St
* 28m frontage to McMinn Street
* Zoned CB - Central Business
* Potential for multi-storey development, subject to planning approval
* Comfortable elevated home can provide a good holding income
* House and additions built to post-cyclone code
* Dual driveway access
* Walk 650m to the Darwin GPO
* Just 900m walk to The Mall
* Potential to buy the adjoining site at 33 Lindsay Street.
* That could reduce setback issues and allows excellent access/egress options
* DCC rates are $8550p.a, including garbage collection
Darwin CBD land is currently very affordable by historical standards.
Now is the time to secure the site for your next development.
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