5/10 Palmer Street, KATHERINE NT 0850

Shed 5/10 Palmer Street, Katherine East, NT 0850

Property Overview:
Flexible Commercial/Industrial Unit
5/10 Palmer Street, Katherine East NT

• This well-presented strata-titled industrial unit offers a total entitlement of 237m², comprising a 185m² workshop/studio with polished concrete and rubber flooring plus a 52m² rear courtyard.
• Currently fitted out as a Pilates/fitness/Wellness studio, the space features upgraded bathroom facilities, kitchenette, roller door access, and air-conditioning. The flexible GI (General Industry) zoning allows for a wide range of commercial or light industrial uses, with minimal works required to revert back to a workshop configuration if desired.
• Solid masonry block construction with insulated roof
• Refurbished in 2017 to a high standard
• Periodic lease in place

Key Details:
• Zoning: Leisure and Recreation
• Land Area: 237 sqm
• Building Area: 185 sqm
• Tenancy: Occupied by same tenant since 2022 – currently on a periodic basis
• Rental Income: $520/week = $27,040 p/a (ex GST) payable in equal weekly installments
• Lease Terms: Start date 01/07/2022 – 30/06/2025
• Rates & Outgoings:
– Council Rates: $1,844 p/a
– Strata Fees: $1,315 p/q

Contact Information:
For more information or to arrange an inspection, contact:
• Ash David
• Nutrien Harcourts GDL
•0484 394 932
• ash.david@gdlrural.com.au

This is a fantastic opportunity for owner-occupiers or investors seeking a versatile and affordable commercial asset in Katherine’s established industrial precinct.