68 Mitchell StreetDarwin City NT 0800
Property Details for 68 Mitchell St, Darwin City
Last Listing description (November 2016)
For Sale - $23,000,000 plus GST
68 Mitchell Street, Darwin represents an outstanding opportunity to acquire an exceptional strategic development site in a premier location in Darwin s CBD. At 5,630m2, it is one of the largest landholdings in the city, and in the heart of the entertainment, retail and residential precinct.
The property is to be sold with an existing Development Approval for a mixed use development comprising three buildings of 28, 25 and 5 storeys around a ground level retail and entertainment plaza and four levels (484 spaces) of basement car parking. The current composition of the buildings is for 63 hotel rooms/serviced apartments, 262 residential apartments, 1,127m2 of commercial suites and 3,899m2 of retail.
The site also benefits from commencement of the development construction works, with the basement car park already excavated and the associated structural shoring works complete.
The current development design also provides significant scope for further improvement and optimisation to increase value and returns by modifying the asset composition, mix and configuration to respond and meet the current high demands of the market and the significant interest shown.
*Large land holding of 5,630sqm with three street frontages.
*Premier CBD position offering the opportunity of Darwin Harbour views from an elevated position.
*Within a long established entertainment and commercial precinct.
*Substantial site works have already been completed.
*Existing Development Approval themed as Darwin s Chinatown providing a historic link to Darwin s prominent Chinese heritage which dates back to the late 19th century.
*Multitude of possible uses and development options.
*Demand is growing for residential property in Darwin.
*Darwin s economic growth is poised to be among the strongest in the country over the next five years.
Gain exposure to the significant infrastructure and industry projects currently planned and underway in the Northern Territory.
Property History for 68 Mitchell St, Darwin City, NT 0800
- 16 Jul 2015Listed for Sale $23million plus GST
- 01 Jan 1930Sold
- 01 Jan 1930Sold
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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 5,307 properties. Over the last 5 years, Houses in Darwin City have seen a -4.03% decrease in median value, while Units have seen a 39.23% increase. As at 31 March 2026:
- The median value for Houses in Darwin City is $585,148 while the median value for Units is $477,279.
- Houses have a median rent of $750 while Units have a median rent of $650.
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