150 Smith Street, Larrakeyah, NT 0820

Positioned moments from Darwin's CBD, Cullen Bay, Mindil Beach and the Gardens Golf Course, 150 Smith Street presents a rare opportunity to acquire a 991sqm inner-city development site with holding income and a current approval for a landmark eight-storey residential project.

The property is zoned HR - High Density Residential under the Northern Territory Planning Scheme 2020 and is currently improved with an existing three-bedroom, one-bathroom elevated residence which is currently leased. The site provides an approximate 31.85-metre frontage to Smith Street and a depth of approximately 36.86 metres.

The property benefits from Development Permit issued on 24 July 2025 and expiring on 24 July 2027, approving:
•	Ten two-bedroom + study, two-bathroom apartments; 
•	One five-bedroom + study, five-bathroom penthouse over two-levels; 
•	Resident and visitor parking; 
•	Swimming pool, gym and barbecue facilities; and 
•	Landscaped communal areas and generous private balconies.

Each standard apartment also incorporates a substantial study or home office, large enough to provide genuine additional accommodation flexibility, subject to relevant building and certification requirements. The penthouse similarly includes a large study together with multiple living areas, a library, games room, gym area and expansive balconies.

The centrepiece of the design is the extraordinary two-level penthouse, extending across Levels 7 and 8 and comprising approximately 658sqm, making it one of the largest penthouses in the Northern Territory. Designed to capture sweeping views across the Gardens Golf Course and surrounding Darwin skyline, it would represent a residence of exceptional scale within the Northern Territory.

The property is conveniently located near:
•	Darwin CBD and The Esplanade; 
•	Cullen Bay Marina; 
•	Mindil Beach Casino Resort; 
•	George Brown Darwin Botanic Gardens; 
•	Larrakeyah Primary School; 
•	Darwin High School; 
•	Mitchell Street dining and entertainment; and 
•	Gardens Golf Course and surrounding parkland. 

150 Smith Street offers a compelling combination of current development approval, immediate holding income and the potential to deliver one of Darwin's most distinctive residential projects.

For more information contact Seth Chin on 0411 178 888 or Victor Harris on 0412 154 121.