10/25 Parap Road, Parap is an outstanding opportunity for a discerning and astute investor to purchase a high quality commercial property that is leased to a multinational engineering and consulting firm. Jacobs is listed on the New York Stock Exchange and has offices in 40 countries, with a annual turnover of approximately $12 Billion Dollars.

Located only 3kms north of the Darwin CBD, Parap is one of the most sought after residential suburbs in Darwin. Parap Village is also a very established precinct and includes a range of amenities and services ranging from professional services such as accountant and solicitors, medical suites, veterinarian and boutique groceries plus many more.

25 Parap Road is a modern three story office building, completed in 2011, on possibly the most prominent corner of Parap, the corner of Parap Road and Gregory Street. This building includes 11 strata-titled commercial units which range in size from 71 square metres up to 935 square metres and have a combined gross floor area of 2,835.5 square metres, there are 36 car parks on the individual unit titles and a generous number of common car parks on the ground level at the front of the building.

Unit 10 is on the first floor of the building on the eastern side and has a northerly aspect. This unit includes a total of 450 square metres under title which also includes four car parks, one on grade at the front of the building and three under cover on the first floor. The gross floor area for this property is 395 square metres. This unit is a regular shape and includes glazing on three sides which allows plenty of natural light into the tenancy. There are two small balconies, one on the north western corner and one on the north eastern corner. This unit is fit out with a ‘top quality’ fit out, including mostly glass partitioning, carpet tiles and a large modern kitchen area and toilets.

This property is occupied by international Engineering and Consulting Company Jacobs, Jacobs have an established and mature branch in Darwin and have been in this building for approximately 15 years.

Jacobs is currently paying $153,365 plus GST per annum and the current lease runs till 1 March 2028 with a three year option to extend.

For more information please contract Lee Doyle on 0403 348 243 or Ryan Doyle on 0405 192 389.