'Golden Mile' Darwin Investment
1 & 11 Stuart Highway, Stuart Park NT
- Leased to 2029 + 5 year option
- Net income $1,400,000 pa ex GST (approx)
- Over 24,000 passing vehicles daily
Knight Frank NT is pleased to present to the market this exceptional investment offering along Darwin's 'Golden Mile'.
Situated just minutes from Darwin CBD with excellent exposure to the Stuart Highway, this location has over 24,000* vehicles passing daily.
The offering comprises 2 parcels of land totaling 13,094sqm. The property is leased to AP Eagers (ASX:APE), Darwin's only Toyota and Lexus dealer.
The current lease expires in 2029, and Lessee has a 5-year option.
Stuart Highway in Stuart Park is occupied by numerous car dealerships, associated car businesses such as Tint a Car, Pedders and Instant Windscreens and there is an Officeworks on the Highway also. Stuart Park has recently seen a large amount of redevelopment and investment with a new Liberty Fuel station with a Guzman Y Gomez, recently completed KFC and refurbishment of several other properties along the strip. This investment demonstrates the attraction of Darwin’s ‘Golden Mile and makes this property an exceptional investment.
1 & 11 Stuart Highway, Stuart Park (Darwin) NT are for sale by Expression of Interest, closing Thursday 21st November at 4pm (ACST).
*Annual traffic report 2023
