The Avenue is a fully master planned precinct that has all of the elements of a self sufficient urban village. The size of the project provides the necessary economies of scale to create a demographically aligned living and working environment.
The premises is leased in its entirety to the Northern Territory Government under a 10 year lease expiring on the 30th June 2024. Rental income of $222,607p/a, paid in monthly instalments of $18,550.
The tenancy has a usable size of 539 metres and includes 9 carparks on title.
Outgoings
Air conditioning charges $ 14,400 per annum
Body Corporate Charges $ 27,945 per annum
Sinking Fund $ 2,390 per annum
Council Rates $ 1,064 per annum
Management Fees $ 13,356 per annum