Land Development Corporation (LDC) has opened Expressions of Interest (EOIs) for the sale of 7 Waratah Crescent, Fannie Bay, presenting the market with a rare opportunity to acquire a premium freehold development site in one of Darwin's most established residential suburbs.
The 9,150 m² Medium Density Residential (MR) site is available for freehold purchase on an "as is" basis with vacant possession. Offers over $5.5 million excluding GST will be considered.
Occupying a prominent position with direct frontage to Waratah Crescent and overlooking Waratah Oval, the site offers significant potential for future residential redevelopment. The property is located just 5.8 kilometres from Darwin CBD and is within easy reach of Fannie Bay shops, Parap Village, East Point Reserve and other key lifestyle amenities.
With no LDC-imposed development conditions, purchasers have the flexibility to progress their own development vision, subject to planning requirements and statutory approvals.
The sale forms part of LDC's strategic reset and portfolio realignment, enabling greater private-sector investment while allowing the Corporation to focus on delivering strategic development precincts, industrial land, enabling infrastructure and regional development across the Northern Territory.
View the Fannie Bay EOI details and submission requirements.
