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97 Mitchell Street, Darwin City, NT 0800

97 Mitchell Street, Darwin City, NT 0800

Hotel/Leisure

  • For Sale
  • $5,500,000 Inc. GST

  • Floor Area
  • 2,020 m²
  • Last Updated
  • Mar 22, 2019

Interested in this property? Contact an Agent today

Real Estate Central Commercial - DARWIN

39 Cavenagh St

Darwin City NT 0800

Daniel Harris

Prime CBD OPPORTUNITY!

2,020sqm CBD site with existing hotel & bar in operation in high profile location.
Perfectly positioned on Darwin's renowned Mitchell street making it a great addition to any future land bank.
The block represents a great opportunity to develop high density residential or commercial or a combination of both.
Existing leases to established businesses offer a great opportunity for investors who are after strong cash flow for the foreseeable future, but also for developers who are looking for long term upside in a property which has landmark development potential.

Key Features:
Landmark CBD property
Genuine blue chip location
Existing Bar ‘Globies’ & 36 Room Hotel ‘Crocodilly Inn’ in operation
Existing businesses provide solid yield – both open to negotiating renewed lease terms
Globies Bar currently leased at $150,000 per annum until March 2019
Crocodilly Inn currently being operated by current land owner (can be included in sale or fresh lease negotiated with new owner)
Zoned CB offering enormous development potential

Don’t let this opportunity slip through your fingers.
Expressions of Interest are to be lodged at the

97 Mitchell Street, Darwin City, NT 0800

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