145 Mitchell Street, Larrakeyah, NT 0820

For more property information text 145M to 0488 810 057 

CBD Opportunity with stacks of Potential

A rare opportunity to secure premium land in the heart of Darwin’s CBD — this LMR-zoned parcel combines immediate income with serious long-term upside.
Set on a generous inner-city block, this is a strategic acquisition for investors or developers looking to capitalise on one of Darwin’s most tightly held urban pockets. 
With flexible zoning and strong fundamentals, the site is primed for future multi-dwelling development (STCA), land banking, etcetera. 

The existing residence offers immediate value, with gated access, side parking, and a large backyard. Inside, a functional dual-level layout includes upstairs living with three light-filled bedrooms, plus versatile downstairs spaces ideal for additional bedrooms, a home office, or studio.

All of this just minutes from Cullen Bay, the Esplanade, and Darwin’s leading lifestyle, dining, and commercial amenities.

Key Highlights:

•	Prime CBD land parcel with valuable LMR zoning
•	Strong potential for redevelopment or dual-occupancy (STCA)
•	Well-maintained home offering rental return or live-in/lease-out flexibility
•	Gated entry, shaded parking, and spacious backyard
•	Walkable location moments to Cullen Bay, Waterfront, and city centre
•	A future-focused asset in a tightly held growth corridor

Opportunities of this calibre – land, location, and flexibility – are rarely offered and tightly held. What would you do with it? Position yourself ahead of the curve with a property that delivers now and into the future. 

The finer points:
Council Rates: Approx. $5,095 per annum
Area Under Title: 1130 meters squared
Zoning: LMR (Low-Medium Density Residential)
Status: Tenanted @ $680 until 19/12/25
Rental Estimate: Approx. $850 - $950 per week
Settlement period: 45 days or variation on request
Easements: As per title
Deposit: 10% or variation on request