Rare Opportunity - Prime 2,400m2 Development land + 12 x 2 bedroom Units!

Territory Real Estate is proud to present this amazing opportunity for investors/developers to secure. The Consortium of Owners are offering the site for sale by Openn Offers - Offers Over $3,850,000 Considered.<br/><br/>The property has 12 x 2 bedroom units and receives a rental income of approximately $210,000 per annum. <br/><br/>The site is currently zoned MR under Northern Territory Planning Scheme 2020 and can facilitate a varied outcome of land uses including residential, commercial, retail and childcare Centre. <br/><br/>The site was identified as an 'area for change' and is within the 'Activity Centre' as defined within the Darwin Mid-Suburbs Area Plan in NT Planning Scheme.<br/><br/>The site has also been identified of high value for mixed uses with planning objectives including a mix of residential, commercial, retail, community and retail floor space.<br/><br/>The site therefore has the potential to greatly increase in density and development yield. The NT Planning Scheme identifies the site as having a built form of "Up to six Stories"<br/><br/>Input and Assumptions - 6 floors (Total 52 units plus 300m2 Commercial + 300m2 Retail)<br/>Site Area 2,400m2 <br/>1 Bedroom units 12 - Net floor space 85m2 (Percentage of total 23%)<br/>2 bedroom units 20 - Net floor space 145m2 (Percentage of total 39%)<br/>3 bedroom units 17 - Net floor space 190m2 (Percentage of total 32%)<br/>4 bedroom units 3 - Net floor space 220m2 (Percentage of total 6%)<br/>Commercial - Net floor space 300m2<br/>Retails - Net floor space 300m2<br/><br/>Act now as this property can sell at anytime!<br/><br/>Contact Stuart Rodda on 0424 780 982<br/>