The Hub, 3 Maluka Drive,
Palmerston City, NT 0830
Key property information
Tenanted Investment Details
Map of The Hub, 3 Maluka Drive
Bus stops within 5 km of The Hub, 3 Maluka Drive, Palmerston City, NT 0830 Distance Palmerstond 162 m Maluka Drive 177 m Palmerston Interchange 235 m Coles Palmerston 453 m The Boulevard 457 mPOWERED BY HERE ©
Prime Investment Opportunity of Mixed-Use Asset in Palmerston CBD
- Prime Palmerston CBD location
- Huge Upside Potential
- All P&E Included!
This is a mixed-use investment opportunity with significant upside potential through leasing up, asset repositioning or future development potential with the benefit of having a holding income.
The property comprises an approximate lettable area of 5,839sqm over 7 tenancies (in its current configuration) with circa 215 on-grade car parking bays in addition to basement parking. The property has a WALE of over 2 years and represents significant upside potential being currently c.17% occupied, allowing an incumbent owner to undertake an asset repositioning exercise which may include conversion of some tenancy uses to a wide variety of entertainment, health, leisure, bulky goods or other.
Existing tenants include Ultra Tune, Playshack and Mycar with major previous tenants including CMAX Cinema and the Palmerston Sports Club.
The property is being sold with all existing P&E, not limited to: commercial kitchen equipment, dining tables and chairs, pool tables, pokies machines, pool tables, cinema chairs and screen, fully equipped bar and keg room, commercial refrigeration and much more. These items alone represent significant value.
For more information or to organise an inspection, please contact Seth Chin 0411 178 888 or Victor Harris 0412 154 121 at Chin Property Group.
Property ID: 503609350Last Updated: 21 Jul 2021
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