10/22 Harry Chan AvenueDarwin City NT 0800
Property Details for 10/22 Harry Chan Ave, Darwin City
Last Listing description (March 2014)
Blue Chip Commercial Investment - Darwin City
Colliers International and Knight Frank are pleased to be able to offer to the market Units 10, 11, 12 & 13/ 22 Harry Chan Avenue Darwin represent an outstanding opportunity to acquire high quality strata titled office accommodation with Blue Chip tenure.
22 Harry Chan Avenue, also known as the Civitas Building offers a quality presence with a boutique feel. It is a mixed use strata titled development with commercial space comprising the ground floor and Levels 1 to 5, and six premium grade apartments on the upper three levels. Car parking is provided on two basement levels.
* ABS: Approx. 4 years remaining + 2 x 4 year options
AHPRA: Approx. 5 Years remaining + 3 year option.
* Preference to be sold in one line however opportunity to purchase Levels 2 - 4 and Level 5 separately
* 14 secure car bays included on title (4 floors)
* Stunning views across City Harbour
* Impressive corporate entrance foyer with secure access
* Building only 3 years old - great depreciation benefits
* Modern Fixtures, fittings and finishes
* Central Business (CB) Zoning
* Fully leased Net Operating Income of Approx. $776,000.00
* 4 Star**** NABERS rating achievable by early 2015 - refer to Information Memorandum
Features of Units 10, 11, 12 & 13 Harry Chan Avenue, Darwin include:
* Rare strata titled office opportunity with secure long term tenants.
* A substantial property offering excellent access and position within the CBD.
* Modern, contemporary building design with tropical architectural flair.
* Blue chip tenants known for their long term tenure. ABS had been in their previous tenancy for over 25 years.
* Substantial investment by tenants in their own fit-outs.
* Excellent secure basement parking.
* All indications are that Darwin is one of the fastest growing economies in Australia with growth assured for the foreseeable future.
The time is right to acquire these exceptional investment properties with secure tenure in one of Australia's fastest growing regions.
Darwin is poised to undergo enormous change following the commencement of construction work associated with the INPEX Gas Project. In addition there is a number of other significant infrastructure and construction projects underway including the $595m Berrimah Gaol, Marine Supply Base and expansion of commercial operations at Darwin Airport together with the proposed major upgrade of Casuarina Square including the development of a Myer Department Store, and the $300 million Palmerston Gateway retail and leisure precinct to name just a few.
All of these projects plus others in the pipeline will contribute significantly to the local economy, making Darwin's economic growth amongst the strongest in Australia.
These units are offered for sale by Expressions of Interest closing at the offices of Knight Frank Darwin on Thursday 1 May 2014, at 4pm.
Inspections can be arranged by contacting either of the Joint Marketing Agents - Knight Frank - 8982 2500 or Colliers on 8997 0888.
Property History for 10/22 Harry Chan Ave, Darwin City, NT 0800
- 14 Mar 2014Listed for Sale EXPRESSIONS OF INTEREST
Recent sales nearby
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0About Darwin City 0800
The population of Darwin City in 2016 was 6464 people. By 2021 the population was 7149 showing a population growth of 10.6% in the area during that time. The predominant age group in Darwin City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation.In 2021, 22.10% of the homes in Darwin City were owner-occupied compared with 22.80% in 2016.
Darwin City has 5,334 properties. Over the last 5 years, Houses in Darwin City have seen a -0.31% decrease in median value, while Units have seen a 27.45% increase. As at 31 July 2026:
- The median value for Houses in Darwin City is $588,029 while the median value for Units is $497,064.
- Houses have a median rent of $750 while Units have a median rent of $680.
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