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LJ Hooker Commercial North

22&27, 90 Frances Bay Drive Stuart Park, NT 0820

Directions

22&27, 90 Frances Bay Drive,
Stuart Park, NT 0820

Offices

Price information

Sale

$870,000

Key property information

Floor area

Car spaces

Property extent

Municipality

Tenure type

Return

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$65,246
Number of Tenants
1 Tenant
Tenants / Type
Turner & Townsend

Private inspections

to arrange a private inspection.

Map of 22&27, 90 Frances Bay Drive

Directions
  • Bus stops within 5 km of 22&27, 90 Frances Bay Drive, Stuart Park, NT 0820Distance
    Tipperary Waters207 m
    Guy Street407 m
    Meigs Crescent595 m
    Gothenburg Crescent613 m
    Margaret Street700 m
    POWERED BY HERE ©
POWERED BY HERE ©

Tenanted investment with strong covenant

  • City fringe commercial investment
  • Nett income of $65,246 + GST p.a.
  • Abundant onsite car parking
Units 22 and 27 are 96m² and 152m² of commercial office space, totaling 248m². Unit 22 is located on the Tiger Brennan side of the complex and includes full height glass partitioning with excellent natural light. Unit 27 is positioned on the first floor and is on the marina side of the building, it includes a balcony that looks over the marina.

Leased to multinational firm, Turner Townsend on a three year lease that commenced 1 January, 2024 and runs till 31 December, 2026. The current passing rent is $86,800 + GST, and the net annual income is $65,246 + GST.

“France Bay Village”, 90 Frances Bay Drive is a two story commercial complex on approximately 6,690 square metres of “Specific Use Darwin 10” zoned land. The complex optimizes the frontage to Frances Bay Drive with the building positioned along the building including 20 60 degree car parks directly accessed from France Bay Drive. This complex offers 67 off street car parks so there are always car parks available.

Tipperary Waters is a tidal locked marina estate, offering marina berths, low and medium residential, and commercial office and retail properties. Frances Bay Village is positioned on the western side of Tipperary Waters Marina Estate, it enjoys the frontage to France Bay Drive which acts as a service road to Tiger Brennan Drive and links through to the water body of the marina.

Tipperary Waters Marina Estate is a highly sought after location at the eastern most side of Stuart Park. Positioned on the eastern side of Tiger Brennan Drive.
This location is convenient for both in bound and out bound travelers with signalized intersections of Tiger Brennan Drive and Gonzales Road to the north and Frances Bay Drive to the south. Located within the Frances Bay precinct this location is a strong balance of waterfront commercial activities and prestige residential properties.
• 1.3 radial kilometres north east of the Darwin CBD.
• Adjacent to the east of Tiger Brennan Drive.

For more information on this outstanding investment please contact Lee Doyle 0403 348 2... ldoyle@ljhnc.com.au or Ryan Doyle 0405 192 3... rdoyle@ljhnc.com.au.

Property ID: 504656336Last Updated: 22 Nov 2024

LJ Hooker Commercial North

Suite 1, 25 Parap Road
PARAP, NT 0820
LJ Hooker Commercial North
22&27, 90 Frances Bay Drive
Stuart Park, NT 0820

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