Interesting question … because back in 2009 Nine sold the vacant land next door for $3 million. The developers that now own it have proposed a large apartment complex on the site but there is considerable community opposition to the project and the NT government is still considering it. The land is zoned community purpose as that was the only zoning that was appropriate at the time for a television studio, apparently, so it will have to be rezoned before anything can be built there. The site has been privately owned for 40 years.
So the land that Nine still owns is zoned community purpose, so they may have difficulties building anything else that is not a ‘community purpose’ on that site unless it is rezoned.