1/1 Travers StreetCoconut Grove NT 0810
Property Details for 1/1 Travers St, Coconut Grove
Last Listing description (May 2026)
This unit is a prime leased investment with high exposure to Dick Ward Drive, leased to the long-term tenant 'Friendly Pool and Spa Centre' with a current lease expiry of 28th July 2029.
The unit has an area under title of 593sqm and the building offers a solid block constructed building with glass showroom frontage. There is a good height roller door to the front of the warehouse area and rear roller door to the good size concrete yard/storage area. This area can also be accessed via double gates off Dick Ward Drive.
Coconut Grove is a thriving service commercial area servicing the Northern Suburbs, Darwin City and beyond. There is easy access into Darwin City along Dick Ward Drive or via Bagot Road to the east of the property. Property in Coconut Grove is tightly held, meaning this space represents a unique investment opportunity.
The property is priced at $800,000 and will be sold as a going concern.
Property History for 1/1 Travers St, Coconut Grove, NT 0810
- 01 May 2026Listed for Sale UNDER CONTRACT
- 02 Jun 2009Listed for Rent $42,000 / year
Recent sales nearby
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About Coconut Grove 0810
The size of Coconut Grove is approximately 1.7 square kilometres. It has 8 parks covering nearly 22.6% of total area. The population of Coconut Grove in 2016 was 3050 people. By 2021 the population was 2892 showing a population decline of 5.2% in the area during that time. The predominant age group in Coconut Grove is 30-39 years. Households in Coconut Grove are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coconut Grove work in a professional occupation.In 2021, 36.30% of the homes in Coconut Grove were owner-occupied compared with 37.40% in 2016.
Coconut Grove has 1,864 properties. Over the last 5 years, Houses in Coconut Grove have seen a 38.76% increase in median value, while Units have seen a 34.21% increase. As at 30 April 2026:
- The median value for Houses in Coconut Grove is $695,734 while the median value for Units is $410,178.
- Houses have a median rent of $820 while Units have a median rent of $560.
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