Sentinel Northern Australia Investment Fund - Palmerston
Date of Purchase
Dec '23 Net Distribution
About Sentinel Northern Australia Investment Fund
The property is located at 4 Mansfield Street, Palmerston City (Darwin) NT 0830. It offers 1,510sqm of commercial office and temperature-controlled research accommodation across two-stories, on a 940sqm site. Initially constructed in 1986, the building has undergone two major refurbishments the first of which occurred in 2002 and the most recent was completed in 2021.
It is fully leased to the Northern Territory of Australia, and is utilised by two government departments, the Department of Environment, Parks and Water Security on the ground floor and the Northern Territory Correctional Services on level 1. The building provides specialist functionality as an archive for 270,000 preserved botanical specimens, utilised for accurate classification and research into plants.
The property is centrally located in Palmerston CBD surrounded by numerous other government tenancies such as Department of Environment Parks and Water Security, NT Government Transport and Department of Infrastructure. Palmerston is the second largest city in the Northern Territory and acts as a regional hub approximately 20kms south east of Darwin CBD.
The Sentinel Northern Australia Investment Fund is an open-ended Trust, comprising Wishart, Palmerston, Trade Court, The Black Nugget, The Conservatory, and Milton.