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The Hub, 3 Maluka Drive Palmerston City, NT 0830

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The Hub, 3 Maluka Drive,
Palmerston City, NT 0830

Shop & Retail • Showrooms & Bulky Goods

Price information

Sale

Contact Agent

Key property information

Land area

Floor area

Parking info

Zoning

Tenure type

Tenanted Investment Details

Occupancy
Partially Leased
Est. Incomep.a.
$173,000
Number of Tenants
3 Tenants
Tenants / Type
Ultra Tune, Playshack and K-Autos

Private inspections

to arrange a private inspection.

Map of The Hub, 3 Maluka Drive

Directions
  • Bus stops within 5 km of The Hub, 3 Maluka Drive, Palmerston City, NT 0830Distance
    Palmerstond162 m
    Maluka Drive177 m
    Palmerston Interchange235 m
    Coles Palmerston453 m
    The Boulevard457 m
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Prime Investment Opportunity of Mixed-Use Asset in Palmerston CBD

  • Prime Palmerston CBD location
  • Huge Upside Potential
  • All P&E Included!
The Hub is located within the Palmerston CBD with huge exposure being situated on the corner of major thoroughfares of Temple Terrace and Roystonea Avenue and with immediate access to all amenity within the precinct.

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

04111788...
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The Hub, 3 Maluka Drive
Palmerston City, NT 0830

Agency contacts

Chin Property Group
20/48 Marina Boulevard
CULLEN BAY, NT 0820

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