Stone House, 33 Cavenagh Street, Darwin City, NT, 0800

NTC Property & JLL, under instructions from the Agents for the Mortgagee in Possession (KordaMentha), are pleased to offer for sale 33 Cavenagh Street Darwin NT.

33 Cavenagh Street Darwin, Lot 2328 from plan(s) OP 001210A, is a well-positioned property rich in history and comes with future development potential (STA). Built in the late 1800’s, the property is associated with the establishment of the Chinese community many years ago. It is now heritage listed and known to the locals as Stone Houses.

The property benefits from frontage to Austin Lane and Spain Place and is located in one of the most active areas of the Darwin CBD, with the activation and enhancement of certain laneways a priority of the Northern Territory Government.

The building is currently 100% occupied by 4 tenants and there is a residual land component of approximately 1,100sq.m which may be suitable for future development (STA).

Key features of the property include:
- Gross Income $120,000* per annum
- 1,861sq.m* regular shaped allotment
- Character heritage listed improvements
- GLA 500sq.m*
- Major tenant being Stone House Wine Bar & Kitchen
- Negotiations in pace with incumbent tenants improving the lease profile
- Flexible Central Business (CB) zoning
- On-grade car bays
- Three street frontages
- Potential redevelopment or repositioning opportunity (STA)
- Heritage listed property
*Approximate

33 Cavenagh Street, Darwin is offered for sale via Expressions of Interest closing Thursday, 18 November 2021 at 4pm (ACST). It is being offered for sale separately or 'in one line' with 56 Smith Street, Darwin.

For more information or to arrange an inspection, please contact exclusive marketing agents, NTC Property of JLL.

Remember to mention you found this property on DevelopmentReady