This property is located on Mitchell Street only 100 metres from Daly Street and only one block back from the Esplanade.
At the northern end of the Central Business District this location provides great access to the main office precinct but also allows for easy access to the Stuart Highway to get to the Northern Suburbs, Palmerston or rural areas.
Planning developments in recent years have opened the door for much higher population density east of Mitchell Street. This combined with the recent completion of the 105 Mitchell Apartments will see a significant increase of the population in this area. We expect this will have a dramatic effect on the potential for this site.
This prime 'Central Business' zoned block of land is situated between the mixed use strata titled development, Northgate Plaza at 101 Mitchell Street and Globetrotters, the bar and backpackers establishment at 97 Mitchell Street.
The property offers 32 metres of frontage to Mitchell Street with a depth of 63 metres.
As the allotment is situated in the Darwin CBD precinct and is zoned 'Central Business' the height control restrictions for the property are 90 metres above ground level. This is as per the planning guidelines that outline the Central Darwin Core area between Bennet Street on the south eastern, running parallel the allotments between the Esplanade and Mitchell Street, along Daly Street on the north western side, and along the north eastern side of McMinn Street.
The property is currently leased to Bargain Car Rentals on a year on year basis. They are paying $80,000 per annum.