78 Mcminn StreetDarwin City NT 0800
Property Details for 78 Mcminn St, Darwin City
Last Listing description (February 2024)
Knight Frank is pleased to offer this landmark CBD site situated on the fringe of the Darwin CBD.
The site has a total land area of 3,650sqm and is zoned CB - Central Business.
The property is accessed via the McMinn Street service road and essentially the property is on the corner of McMinn Street and the Stuart Highway as it becomes Daly Street at the intersection. The McMinn Street service road is a cul-de-sac and there is no through traffic.
The property has two substantial buildings situated on it. Both buildings are somewhat dated but can still be utilised while some investment would need to be made to replace the roof on one of the sheds. The building on the Western boundary is approximately 675sqm and offers a combination of office/showroom space to the front with warehouse storage to the rear. This building is currently vacant. The building on the Eastern boundary is approximately 1,080sqm and again offers a combination of office/showroom and warehouse space. There is also a caretakers residence that sits above this building. Both the office/warehouse and caretakers residence is currently leased. The caretakers currently do not pay rent and the occupant of the showroom/warehouse is currently paying a peppercorn rent.
The two buildings are accessed via a common driveway through the middle of the property and accessed directly off the McMinn Street service road.
The property has had previous development approval on the site which was back in 2011 and the approval was for 150 x 2 bedroom units and 6 x 3 bedroom units in a 18 storey building including three levels of basement parking. This DA has since lapsed however shows the potential density the site could yield when the time is right to develop.
Right now we believe it is a site that can generate some good holding income while offering future redevelopment potential*. It would be attractive to developers, investors and owner occupiers. An owner occupier could use and or modernise the existing improvements to suit their own business.
Certainly when the market is right it could lend itself to a larger scale mixed sue development and would offer great views upon development across to Bayview Haven and over Darwin City and out over Mindil Beach and East Point.
For further information or an opportunity to inspect please contact the Knight Frank office on 08 8982 2500 or Matthew Knight on 0413 058 020 and Michelle McRae on 0448 882 399.
*subject to town planning approvals.
Property History for 78 Mcminn St, Darwin City, NT 0800
- 22 Feb 2024Listed for Sale Price on asking
- 03 Jun 2014Listed for Rent $80,000 / year
- 05 Mar 2014Listed for Rent - Price not available
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 5,308 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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