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10/68A Esplanade
Darwin City NT 0800
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Sold on 3 Feb 2020

10/68A Esplanade Darwin City NT 0800

  • Shop & Retail
  • 1,428 m²
  • Sold

ICONIC BUILDING ON HIGH PROFILE CORNER 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.

PRIME INVESTMENT OPPORTUNITY

UNRIVALED FRINGE CBD LOCATION FRONTING THE ESPLANADE AND OFFERING ONE OF DARWINS 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 Darwins 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 5 year lease offering a strong rental return 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 Highlights

Date Sold3 Feb 2020
Floor Area1,428 m²
Land Area1,650 m²
ParkingOn street parking
Property ID2015534392
Category
Last updated  22 Mar 2021
Map for 10/68A Esplanade Darwin City NT 0800

Property Highlights

Date Sold3 Feb 2020
Floor Area1,428 m²
Land Area1,650 m²
ParkingOn street parking
Property ID2015534392
Category
Last updated  22 Mar 2021
20/48 Marina Boulevard Cullen Bay NT 0820

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