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17 Finniss Street, Darwin City, NT 0800

17 Finniss Street, Darwin City, NT 0800

Hotel/Leisure Land/Development Other

  • For Sale
  • Auction Friday 30th July at 11am.
  • Auction

  • Land Area
  • 1520.00 m² (approx)
  • Floor Area
  • 1,520 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Sep 16, 2021
  • Car Spaces
  • 21

Interested in this property? Contact an Agent today

Knight Frank (NT) - Darwin

Level 2, 46 Smith Street Mall

Darwin City NT 0800

Superb CBD Investment with Development upside

Knight Frank is pleased to offer this sensational CBD site situated on the fringe of the Darwin CBD with enormous income potential.

The site has a total land area of 1,520sqm and is zoned CB - Central Business.

The property has two street frontages with the primary frontage being off McMinn Street with the secondary access off Finniss Street. The current owners have recently investigated the potential to sub-divide this site whereby leaving the motel and the 21 rooms on one title and creating smaller boutique lot for future development. No development application has been lodged however we have due diligence material on the investigations they undertook and from the reports and advise that they have received there is the possibility to sub-divide the property but this would of course be subject to town planning consents.

The property has substantial improvements situated on it. It is currently leased as short term accommodation as opposed to motel accommodation and is better known as Pacific Apartments. In total there are 21 rooms (plus a 4 bedroom caretakers residence) which range from simple studio rooms with toilet and shower as well as studio

17 Finniss Street, Darwin City, NT 0800

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