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The Herbarium, 4 Mansfield Street, Palmerston City, NT 0830

The Herbarium, 4 Mansfield Street, Palmerston City, NT 0830

Offices

  • For Sale
  • Expressions of Interest
  • Expression of Interest

10+ Year Government Leased Investment

  • First Time Offered to the Market
  • Rare Investment Opportunity
  • Major Refurbishment

  • Land Area
  • 940.00 m² (approx)
  • Floor Area
  • 1,510 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Dec 04, 2021
  • Zoning
  • Central Business

Interested in this property? Contact an Agent today

NTC Property - DARWIN CITY

GPO Box 1062

Darwin City NT 0800

10+ Year Government Leased Investment

4 Mansfield Street is a well presented two storey building in the heart of the Palmerston CBD. The property is known as The Herbarium given it holds over 270,000 plant specimens in a climate-controlled vault for the Northern Territory Government.

The property is wholly leased to the NT Government on a 10+ year lease which expires 31 March 2032 with the ground level occupied by Land Resource Management and Level 1 by NT Correctional Services.

The 1,510.3sqm building sits on a regular shaped allotment of 940sqm overlooking the picturesque Goyder Square. The address on title is 4 Mansfield Street however the front of building and main entrance is via The Boulevard.

The current gross passing income is $633,022 per annum with outgoings payable by the Landlord. The Landlord has only recently completed a major refurbishment in excess of $1.3M.

Very rarely does long WALE investments of this nature become available within the Darwin market and NTC Property is extremely excited to be exclusively offering this to opportunity via Expressions of Interest closing 28 October 2021 at 4pm (ACST).

Please direct all enquiries to Nigel Sharp on 0422 275 920

The Herbarium, 4 Mansfield Street, Palmerston City, NT 0830

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