Mavie Street Development
4 Mavie Street Darwin, next to Darwin waterfront & part of new Frances Bay Masterplan.
The subject property is well located on the Darwin city peninsula on the rapidly developing waterfront. Lot 5280 has an area of 7160 square metres or thereabouts. The land is irregular in shape with six boundaries and elongated from Mavie St to the waterfront.
This mixed use development provides multiple revenue earning opportunities for an investor. The school and student accommodations provides an immediate long term lease as well as supply of labour pool to the city. The ground floor retail area and jetty provide further income as does the Resort apartment accommodation which can be leased to a hotel operator or as residential. A child care centre is another revenue stream included in the plan. Total Estimated build cost $80 million (AUD)
Mavie Street Renders
Development features
20 storey, architecturally designed, single tower water front development.
• Expansive water and city views.
• Currently 228 titled apartments comprised of both student and resort accommodation
– 288 apartments can be accommodated in the single tower.
– If all the Dual Key’s (DK’s) are removed and replaced with individually titled apartments creating 60 extra title apartments it would require an extra 60 car parking spaces.
• Secure Basement, Ground and Podium car parking providing accommodation for 298 cars.
• Large Porte Cochere allowing undercover drop off and direct access to the secure reception and lifts.
• 3 lifts through entire building providing efficient vertical circulation.
• Expansive on ground water front resident recreation area.
• Extensive Ground level bicycle parking area.
• Direct access to water front esplanade and ferry pontoon.
• Ground level commercial / retail precinct.
• Podium level water view Gymnasium.
• Level 3 full International School with outdoor recreation.
• Child Care Centre
Student Apartment Accommodation
6 levels of Student apartment accommodation:
• 84 apartments (14 per level) all with large balconies.
– 24 x 2 bedroom / 4 bed (4 per level) = 24 lettable keys (4 per level).
– 36 x 2 bedroom / 6 bed (6 per level) = 84 lettable keys (14 per level).
– 24 x 2 bedroom / 4 bed DK’s (4 per level) = 48 lettable keys (8 per level).
– Each room has its own bathroom
• Lounge / Kitchen / Dining communal facilities to each level.
• Naturally lit and ventilated corridors.
• Extensive storage.
Resort Apartment Accommodation
9 levels of Resort apartment accommodation
• 144 apartments (16 per level) all with large balconies.
– 36 x 1 bedroom (4 per level) = 36 lettable keys (4 per level).
– 72 x 2 bedroom (8 per level) = 162 lettable keys (18 per level).
– 36 x 2 bedroom DK’s (4 per level) = 72 lettable keys (8 per level).
– Total of 270 lettable keys.
• Naturally lit and ventilated corridors.
• Extensive storage.
• Communal linen and refuse rooms
Function rooms & facilities
Level 19 Function rooms with extensive covered balconies & terraces.
• Roof top residents recreation area containing:
– Residents lounge
– Day spa
– Sauna and steam rooms
– Infinity pool
– Raised pool deck
