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Admiralty House, 10/68A Esplanade Darwin City, NT 0800

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For Sale

Admiralty House, 10/68A Esplanade
Darwin City, NT 0800

Shop & Retail
Sale Price

Expressions of Interest

Land area

1650.0m²

Floor area

1428.0m²

Property extent

Whole

Zoning

CB - Central Business

Municipality

Darwin

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$350,000
Number of Tenants
1 Tenant
Tenants / Type
Char Restaurant

ICONIC BUILDING ON HIGH PROFILE CORNER – DARWIN’S ONLY F+B OFFERING ON THE ESPLANADE

  • PRIME INVESTMENT OPPORTUNITY
  • OFFERING ONE OF DARWIN’S BEST VIEWS
  • LEASEBACK OPPORTUNITY TO CHAR RESTAURANT
Chin & Associates are pleased to offer the iconic Char Restaurant building at 10/68A Esplanade for sale by Expressions

• PRIME INVESTMENT OPPORTUNITY

• UNRIVALED FRINGE CBD LOCATION FRONTING THE ESPLANADE AND OFFERING ONE OF DARWIN’S BEST HOSPITALITY LOCATIONS WITH UNRIVALED VIEWS

• LEASEBACK OPPORTUNITY TO CHAR RESTAURANT PROVIDING STRONG TENANT COVENANT AND STRONG INCOME STREAM

This outstanding freehold building represents the ultimate opportunity to secure a foothold on Darwin’s historic precinct fronting the Esplanade waterfront immediately adjacent to Bicentennial Park with the advantage being zoned CB – Central Business.

The property is held on a volumetric lot comprising a 1,650sqm land parcel with an enormous dual street frontage totalling approximately 105 metres.

Key investment highlights are as follows:

- Freehold building with priceless retail frontage to the Esplanade and Knuckey Street

- Ample off-street parking along the Esplanade and Knuckey Street

- Potential for future refurbishment or redevelopment, subject to heritage compliance with substantial building envelope allowance permitted within planning regulations. There is an existing Development Application for Admiralty House to expand the tenancy footprint

- Sale and Leaseback arrangement to the renowned Char Restaurant by restaurateur and nationally recognised beef judge John Kilroy

- New five year lease offering a strong rental return of $350,000 per annum + GST, with 2 x five year options

- Quality existing internal fitout with extensive external courtyard dining area

Chin & Associates strongly recommends this rare opportunity for your serious consideration.

For more information, please contact the exclusive selling agents Chin & Associates.

Seth Chin
0411 17 7888

Property ID: 503286514Last Updated: 4 Nov 2019

0411 *** ***
Admiralty House, 10/68A Esplanade
Darwin City, NT 0800

Agency contacts

Chin and Associates -  Cullen Bay

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Chin and Associates - Cullen Bay

12/68 Marina Blvd
CULLEN BAY, NT 0820
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Seth Chin
Chin and Associates - Cullen Bay
Admiralty House, 10/68A Esplanade Darwin City, NT 0800

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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