2 Harvey Street, Darwin NT

Currently enjoying a 2-year lease with a fixed annual rental amount of $295,000 + GST, expiring 30 April 2027.

STAGED DEVELOPMENT
3 fully serviced Torrens Titled CBD allotments.

8 Harvey Street, Darwin (Allotment 9699)
5 Ryko Court, Darwin (Allotment) 9700)
7 Ryco court, Darwin (Allotment 9701)

The area is zoned CB - Central Business (height limit to 45 metres, or greater with approval)

Why these sites?

1. Prominent site adjacent to the main road entry into Darwin CBD
2. Adjacent to NextDC - Data Centre
3. Developments will have sensational views over Darwin Harbour
5. Good passing traffic exposure
7. Within 500 metres of the Educational and Civic Precinct
8. Affordable fully serviced development sites, with sound geotechnical conditions for multilevel
construction.

This property is located within 500m of the new $300 million Charles Darwin University City Campus!

1. There is a strong demand from overseas students.
2. Federal Government states that students must have new university provided accommodation.
3. Opportunity to be first mover in this space!

In close proximity to;
Darwin GPO and Smith Street MallSupermarkets, restaurants, and shopping facilitiesPublic transport Parliament houseCivic PrecinctPrivate and Government offices Residential ApartmentsAbutting a new high amenity pedestrian-cycle path and recreational landDirect transport connection to Palmerston, East Arm Port and manufacturing areas
Three (3) affordable allotments ready to develop Torrens Title sites to be sold as a whole or individually:

8 Harvey Street, Lot 9699
Site Area: 1,430sqm
Price: $2,000,000 plus GST

5 Ryko Court, Lot 9700
Site Area: 1,680sqm
Price: $2,020,000 plus GST

7 Ryko Court, Lot 9701
Site Area: 1,320sqm
Price: $1,850,000 plus GST

Total price $5,870,000 plus GST