Only 1.37 kilometres north of the Darwin Central Business District, 53 Stuart Highway is in the suburb of Stuart Park, on the outbound side of the road.

The property consists of 571m² of lettable area on 660m² of Service Commercial zoned land, with a net annual income of $66,376.44 + GST.

This offering represents an outstanding opportunity for an investor to acquire a great property on the fringe of the Darwin CBD. The property offers good exposure to the Stuart Highway and there is an opportunity for significant rental reversion.

Shop one has a Gross lettable area of 283.3m² and is currently leased to Drummond Golf which is a national golf retail franchise. The majority of the tenancy is showroom with workshop, toilet and storage area at the rear.

Shop two has a Gross lettable area of 288.3m² and is currently leased to Framed Art Gallery who own the adjoining building, they have created an access point between the building and all customers enter via their adjoining building. This tenancy presents very well internally with the paint and lighting in good condition.

First National Commercial offers 53 Stuart Highway, Stuart Park for sale via Public Auction to finalise a Deceased Estate. The Auction will be held at 6pm on Wednesday 25th of May, 2011 at O’Donoghues First National – 141 Mitchell Street, Larrakeyah.

For more information please contact either Lee Doyle 0403 348 243 or Ryan Doyle 0405 192 389 at Commercial First National.