23 Grice Crescent

After being dormant for an extended period the property market of Australia's cheapest capital city 'Darwin' is well and truly on the move and has now entered its next growth cycle. As Darwin plays the game of catch up with the other capital cities NOW is an opportune time in the cycle to secure your future and enjoy a slice of the action. Offering exceptional value for developers/land bankers. By far the best value per m2 LMR land available in Greater Darwin. Unimproved Capital Value (UCV) on Title 1.5m as at July 1st 2024 and the market has risen further since it was last calculated. End demand from both tenants and owner occupiers for modern living in this sought after ultra convenient location has soared in recent years with rents consistent if not exceeding in many cases nearby Palmerston. With recent sales of strata titled ground level Coolalinga units now pushing into the mid 600's and the NT Government extending the most generous grants ever seen to September 2027 the time to secure land of this nature and develop is NOW! Coolalinga is the epicentre of Darwin's burgeoning rural area where a huge % of The NT's wealthiest residents choose to live and is one of the busiest shopping precincts in the NT. 23 Grice is ready to build on immediately with existing services in place and offers the perfect site for a large complex or village of ground level units. Key features: 5830m2 Low Medium Density Residential (LMR ) site ready to build on Ultra convenient location 200m from Coolalinga Central next to bike track Ideal for small ground level units/ townhouses (huge demand in current market) Situated in major growth corridor Located next to major shopping centres on both sides of the Hwy and public transport Purchaser (or end user if developing to sell ) may be eligible for 50k FHB and 30k new start NT Government grants Location: Coolalinga is situated approximately 30 kilometres from the Darwin CBD and is easily accessed via Tiger Brennan Drive and Stuart Highway. While some residents in Coolalinga transit to the Darwin CBD each day, most residents in the area work locally or in Palmerston. Palmerston is approximately 10 kilometres from Coolalinga and is a satellite city of Darwin. 23 Grice site is well located in Coolalinga and sits behind the existing Coolalinga Central Shopping Centre, providing future occupants with convenient access to shopping, medical, postal and banking services. There are also childcare centres within the suburb and also nearby Virginia and Bee's Creek. There is a bus interchange located approximately 500 metres from 1 havelock which provides regular services to Palmerston, Darwin City and other areas. Being situated so close to the Coolalinga Central Shopping Centre, the property is within easy walking distance to the shopping centre and the Coolalinga Tavern, providing convenient retail and amenity for its residents. Coolalinga Central Shopping Centre is anchored by a Kmart and Coles Supermarket, and there is a number of specialty retail stores including a local butcher, bakery and numerous fast food eateries including Subway, KFC, McDonalds and Hungry Jacks. There is also a fullservice Woolworths Supermarket and other specialty retail stores situated on the other side of Stuart Highway. Council Rates: $1,549 per annum (approx.) Area Under Title: 5830 square metres Zoning Information: LMR (Low-Medium Density Residential) formerly known as MD Multi Dwelling Status: Vacant possession Unimproved Capital Value (UCV) on Title $1,500,000 as at July 1st 2024 Easements as per title: Electricity supply Easement to Power and Water Corporation, Drainage Easement to Litchfield Council