LOT 3208/2 Second Street, Katherine, NT 0850 | Commercial for sale | OnTheHouse
 
FOR SALE
$3,300,000 Exc GST

Lot 3208/2 Second Street
Katherine NT 0850

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 4050m2
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Katherine Tenanted Investment 6.83% return - includes 1,810m2 vacant land

This offering provides the purchaser a fantastic opportunity to acquire a large holding of 4,050m2 with three street frontages in the heart of the Katherine CBD. Approximately 2,240m2 of this prime real estate is currently developed, and the remainder is vacant. Established on the land is EG Ampol Service Station and Katherine Laser Wash, both of which are tenanted. The property is generating an annual net income of $225,438.94 and the vacant land has solid potential for development.
Area Under Title 4050m2
Prime CBD Location
Three street frontages
Tenanted service station and car wash.
Annual net income currently $225,438.94
Approximately 1,810m2 vacant land.
This property is an absolute gem and right in the heart of Katherine CBD. Take advantage of the unique opportunity to purchase this prime Katherine real estate with wonderful development potential while pocketing a healthy return.
For more information or to arrange an inspection, please John Grant on 0429 982540 or jgrant@ljhnc.com.au or David Loy on 0418 897104 or dloy@ljhookerdarwin.com.au

Property Details for Lot 3208/2 Second St, Katherine

Building Type
Commercial
Floor Size
400m2
Land Size
4050m2
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About Katherine 0850

The size of Katherine is approximately 4.2 square kilometres. It has 9 parks covering nearly 8.1% of total area. The population of Katherine in 2016 was 1488 people. By 2021 the population was 1254 showing a population decline of 15.7% in the area during that time. The predominant age group in Katherine is 20-29 years. Households in Katherine are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Katherine work in a professional occupation.In 2021, 43.20% of the homes in Katherine were owner-occupied compared with 43.80% in 2016.

Katherine has 1,221 properties.

    There are currently 20 properties listed for sale, and 3 properties listed for rent in Katherine on OnTheHouse. According to Cotality's data, 49 properties were sold in the past 12 months in Katherine.

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    LJ Hooker Commercial Darwin
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