The subject property is located at 639 Stuart Highway, Berrimah – comprising of 3,280 sqm and with 23 car parking bays. It has two showroom / warehouse’s, which have high exposure given the circa 50 metre street frontage to the Stuart Highway.
The property has two strong tenants. The 760 sqm Unit 1 is occupied by Clark Rubber on a 7-year term expiring November 2022, with 3+5-year options. Meanwhile, the 796 sqm Unit 2 is occupied by RSEA on a 10-year term until July 2024, with additional 5+5-year options.
The property is located approximately 11km north-east of the Darwin CBD and is surrounded by a number of commercial and showroom premises.
The Sentinel Homemaker (Open Ended) Trust is an open-ended Trust comprising of the Heatherbrae Homemaker Centre, Northpoint Homemaker Centre, and Berrimah.