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Knight Frank (NT) - Darwin

28 Albatross Street Winnellie, NT 0820

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28 Albatross Street,
Winnellie, NT 0820

Warehouse, Factory & Industrial • Shop & Retail

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Sale - Expression of Interest

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Knight Frank (NT) - Darwin
Matthew Knight
Michelle McRae

Knight Frank (NT) - Darwin

Level 2, 46 Smith Street Mall
DARWIN CITY, NT 0800
Knight Frank (NT) - Darwin
28 Albatross Street
Winnellie, NT 0820

Map of 28 Albatross Street

Directions
  • Bus stops within 5 km of 28 Albatross Street, Winnellie, NT 0820Distance
    Kokoda Industries0 m
    Stuart Highway343 m
    Catterthun Street377 m
    Albatross Street462 m
    Mataram Street488 m
    POWERED BY HERE ©
POWERED BY HERE ©

Central Industrial Holding with a multitude of uses

Knight Frank is pleased to be able to offer this fantastic centrally located industrial holding situated at the western end of Albatross in the very central industrial suburb of Winnellie. Winnellie is Darwin's largest and most well-established industrial suburb and contains a variety of industrial and commercial use properties. The suburb sits between the Stuart Highway to the north and Tiger Brennan Drive to the south, the two main thoroughfares in and out of Darwin.

The site is regular in shape and is relatively level with a slight fall to the rear of the block. The site has a 76m frontage to Albatross Street and is approximately 70m deep. There is a 3.05m sewerage easement across the rear southern boundary. The site is fully serviced and is connected to town power, water and sewerage and NBN is also available. The site is fenced to three sides but is not fenced across the frontage to Albatross Street.

Constructed on the eastern and western boundaries are two free standing residential unit blocks each with 4 x 1 bedroom units. The units are of block construction with concrete stairs and balconies and metal clad roof. The units are older in style and some have had some upgrades over the years. All of the units are currently leased.

To the rear of each of these unit blocks are some industrial warehouses which offer three individual tenancies. These tenancies are all leased.

The total site area is 5,260sqm and there remains additional development opportunity through the middle and rear of the block. The property is zoned GI - General Industry.

The current gross income generated from the property (fully leased) is approximately $210,000 per annum with an estimated net income of $174,000.

Summary:
- Land area of 5,260sqm.
- 8 x 1 bedroom units
- Two industrial warehouses creating 3 tenancies.
- Additional land for future development.
- Estimated fully leased current net income $190,000 per annum.

Contact Knight Frank on 8982 2500, Matthew Knight on 0413 058 0... or Michelle McRae on 0448 882 3...

Property ID: 504039083Last Updated: 30 Jun 2022

Knight Frank (NT) - Darwin
Level 2, 46 Smith Street Mall
DARWIN CITY, NT 0800
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