Situated in the prime CBD location of Darwin Mall, Galleria offers incredible scope not only for investors who are after strong and diversified cash flow for the foreseeable future, but also for developers who are looking for long term upside in a property, by undertaking the redevelopment of the site which has CB zoning allowing 90 Metre height.
The property presents very well as a modern retail centre, designed for Darwin's tropical environment and comprises three separate land titles. The building features a single level architecturally designed retail centre with a total site area of 3,390sqm and a Net Lettable Area of approximately 1,928sqm.
The high performing centre is currently 95% occupied, incorporating an attractive mix of retail uses including pharmacy, optical, jewellery, a variety of fashion, shoes, gifts, souvenirs and numerous food outlets. Many of the tenants are well established long term occupants of Galleria with tenure commencing prior to 1992.
This property is being offered at a time of significant current and projected growth in the Darwin and broader Northern Territory economy. With scope for short, medium and long term benefit this exceptional self-funding investment will complement any property portfolio.
- Landmark CBD property
- Strategic Mall location
- Prestigious, tightly held Mall precinct
- High performing retail centre
- 95% occupied
- Strong & diverse tenancy mix
- Loyal, long term tenancy base
- Zoned CB - 90M height limit
- 300m from Darwin Waterfront lifestyle precinct
- Dual Street frontage
- Self funding investment
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