DA approval for 143 serviced apartments anchored by Australia Post for sale by Craig Inkster, Stephen Burt and Myles Brookes-Garrett.
Colliers International, on behalf of Alfasi Property, is privileged to present an exceptional opportunity to acquire a well located blue-chip commercial investment with a significant DA approved redevelopment opportunity.
Anchored by a long term commercial lease to Australia Post this outstanding investment offers an investor and/or developer the unique opportunity to develop a trophy CBD asset that is underpinned by secure rental income.
The asset provides an incoming purchaser the opportunity to capitalise on Darwin’s current and longer-term development demand via a three stage development program which has been significantly de-risked through the asset’s secure “blue-chip” retail cash-flow.
Key investment highlights attributes include:
• Core CBD location
• Long lease to Australia Post
• DA approved to become the dominant serviced apartment offering in Darwin
• Further development opportunity through surplus land
• Security of income during construction and pre-committed upon completion
• Well-positioned to benefit from the Darwin City Master Plan
• Staged Development to manage risk
• Darwin – Australia’s gateway to South East Asia
A 100% freehold interest is offered for sale, via Expressions of Interest.