Auction Location: On Site.

On offer is 5,970 m2 of land, part of which is leased until January 2039 for $148,500G pa + GST. The property is located in the Darwin Suburb of Berrimah and is zoned CP (Community Purpose). The location benefits from good access to arterial roads leading to the Darwin CBD, Palmerston and the Northern Suburbs.

The property is currently divided into two separate tenancies namely 107A & 107B, tenanted by Milkwood Steiner School Association Inc. and NT Explorers Pty Ltd (Child Care Centre) respectively. Tenancy 107A is approximately 3812m2, Tenancy 107B is approximately 1520m2 and the common property that lies between the tenancies is some 638m2.

Tenancy 107B (Child Care Centre) is currently leased until January 2039 for $148,500G pa + GST. The improvements owned by the landlord include a 373m2 (approx.) corrugated steel cladded building, 140m2 (approx.) of which is timber decked verandah space. Inside features 2 x offices, 2 x storerooms, 2 x bathrooms, sleep room, sick room, kitchen, locker room, meal room and large playroom. The yard features a fenced swimming pool, sand pit and grassed areas, much of which is protected by shade cloth. Located near the entrance of the centre is a raised transportable office with a covered raised walkway leading into the main building. The tenancy is fully fenced.

With respect to the school, the lease has recently expired and has rolled on as a month to month lease, with rent at $5,000 per month GST incl + outgoings. The improvements at the school are transportable buildings owned by the tenant. The tenancy is fully fenced.

Tenancy 107B – NT Explorers Pty Ltd – Child Care Centre
Leased until January 2039
Rent $148,500G pa + GST
1520m2 (approx.)
373m2 building owned by vendor
Swimming pool

Tenancy 107A – Milkwood Steiner School Association Inc.
Month to month Lease
Rent $5000N per month GST included
3812m2 (approx.)
Improvements owned by tenant

Make no mistake, this is a rare opportunity to secure a solid investment currently generating rent of more than $148,500 pa + GST until 2039. Invest now and reap the rewards.

For further information or to arrange an inspection contract the agent or email darwin@ljhc.com.au.