For sale on behalf of the Northern Territory Government

Lot 11423 Town of Palmerston, NT - No.1 Packard Avenue, Durack NT

Zoned TC - Tourist Commercial

Land size - Approximately 18 900m² (around 1.89ha or 4.6acres)

This is a rare opportunity to secure such a substantial main road site - in the heart of a growing regional city.

The property is located on the corner of Roystonea Avenue (the main road access to Palmerston) and Packard Avenue.

Traffic lights ensure an orderly flow of traffic to and from the site.

The neighbours include the popular Palmerston Water Park recreational facility and the expanding suburb of Durack Heights.

The land is directly across from Palmerston's premier shopping precinct - The Gateway Shopping Centre.

Gateway boasts a wide array of major tenancies -
* CBA, Westpac, ANZ and NAB
* Woolworths and Big W
* Event Cinemas
* Chemist Warehouse
* Rebel
* Autobarn
* Lovisa
* Optus and Telstra
* BCF.....and many more.

Other major tenants located nearby include Anaconda, World Gym, McDonalds and Sydney Tools.

TC Zoning - this very flexible zone allows for a myriad of possible uses, that may be subject to Planning Approval.

Possibilities include - Hotel/Motel, Caravan Park, Multiple dwellings, Leisure, Club, Food Premises, Medical, Offices, Service Station, Vehicle Sales and more - that may be Subject to Planning Approval.

Please note:

The land is to be sold as a Crown Lease Term.

The simplified conditions are as follows - once an approved development is fully completed, the title will convert to a Freehold Title.

The Lease Definitions state that  - The development on the land should be commensurate with the size, location, characteristics and development potential of the Lease Area - and comprise of substantial and permanent improvements.

The Lessee must Substantially Commence the Development Works within twelve (12) months of the Commencement Date.

The successful buyer will have 4 years to complete the development.

Auction to be held at 11am Thursday 3rd December 2026, at 27 Bishop Street, Woolner NT.

Tony ONeill - 0412 898 343 tony@propertyshopdarwin.com

George Vrodos - 0412 893 111 george@propertyshopdarwin.com