Plaza Building, 41 Cavenagh Street, Darwin City, NT 0800

Highly prominent complex on the corner of Cavenagh Street and Searcy Street in the heart of Darwin's CBD, located opposite to the new Charles Darwin University, Australia Post, Chemist Warehouse and Woolworths. For sale for the first time in over 25 years!

Improvements consist of a single level building connected via a breezeway to a two-level building and comprises a lettable area of approximately 828sqm. The buildings have been divided into multiple tenancies and house a number of long-standing tenants.

This property represents excellent future development potential with existing holding income (with further upside potential) in a high demand location.  The new Charles Darwin University (CDU) Education and Community Precinct (which is currently under construction) is due for completion in late 2024.  It will feature learning and teaching areas, an interactive theatre room and an open plan workshop space and will be the home of the CDU Library, CDU Art Gallery, NT Library, and Territory FM.  The new student accommodation building is expected to house around 350 students and will be located across the road from the campus, also known as Education and Community Precinct (Danala), on a part of the site at 56 Woods Street Darwin. 

Area Under Title: 896sqm
Lettable Area: 828sqm
Zoning: CB (Central Business)

This offering is being sold via private treaty.

Qualified investors will be provided access to all available property and financial information. For more information or please contact Seth Chin (0411 178 888) or Victor Harris (0412 154 121).