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The Icon, 56 Smith Street Darwin City, NT 0800

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The Icon, 56 Smith Street,
Darwin City, NT 0800

Shop & Retail • Hotel & Leisure • Development Sites & Land

Price information

Sale

For Sale - Please Contact Agents

Key property information

Land area

Floor area

Zoning

Tenure type

Private inspections

to arrange a private inspection.

Map of The Icon, 56 Smith Street

Directions
  • Bus stops within 5 km of The Icon, 56 Smith Street, Darwin City, NT 0800Distance
    Crowne Plaza267 m
    Darwin Bus Terminal391 m
    Ducks Nuts486 m
    St Mary's School505 m
    Kitchener Drive Outbound679 m
    POWERED BY HERE ©
POWERED BY HERE ©

Leased CBD Investment

  • Located in the heart of the Darwin CBD
  • Broad Tenancy mix
  • Potential redevelopment opportunity
NTC Property & JLL, under instructions from the Agents for the Mortgagee in Possession (KordaMentha), are pleased to offer for sale 56 Smith Street, Darwin NT.

56 Smith Street Darwin, Lot 2322 from plan(s) OP 001210A, is one of the most recognisable and well-known properties within the heart of the Darwin CBD. The property was Darwin's original Woolworths and Big W stores and is still known to locals as the "old Woolies" building. It is now home to Charlie's of Darwin, which was recently named in the top 20 bars to visit in the world in 2021 by UK newspaper, The Telegraph.

Positioned on a corner location at the intersection of Knuckey Street and Smith Street and occupying 3,800sq.m*, the property lends itself to potential future redevelopment (STA).

The two-storey building provides 3,910sq.m* of gross lettable area with the potential to refurbish an additional 1,447sq.m* of level 1 space as required (STA).

Key features of the property include:
- Gross Income $1.4 million* per annum
- 3,800sq.m* regular shaped allotment
- GLA 3,910sq.m*
- Diverse tenancy mix of retail, convenience and hospitality
- 97% occupancy of refurbished areas
- Negotiations in place with incumbent tenants improving lease profile
- Flexible Central Business (CB) zoning and three street frontage
- Potential ability to increase GLA (STA)
- Frontage to Austin Lane, an area of activation and enhancement by the NT Government
- Potential redevelopment or repositioning opportunity (STA)
*approximate

56 Smith Street, Darwin is offered for sale via private treaty.

For more information or to arrange an inspection, please contact exclusive marketing agents, NTC Property or JLL.





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Property ID: 503927494Last Updated: 13 Jan 2022

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The Icon, 56 Smith Street
Darwin City, NT 0800
NTC Property - DARWIN CITY
GPO Box 1062
DARWIN CITY, NT 0800
JLL - Adelaide
25 Grenfell Street
ADELAIDE, SA 5000
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