Minerals House, 66 Esplanade, Darwin City, NT 0800

A Unique Opportunity on the Market for Only the Second Time in Over 40 Years!

This prestigious commercial investment property, located on the renowned Darwin Esplanade, is a three-level office building with a basement, offering a Net Lettable Area (NLA) of approximately 2,627 sqm. The freehold land parcel spans 2,030 sqm and benefits from Central Business (CB) zoning, opening the door to a variety of future development opportunities.

Key Features:

- Prime Location: Situated on the prestigious Darwin Esplanade, known for luxury hotels and high-end residential complexes.
- Building Specifications: Three-level office building with a basement and 48 parking bays (22 allocated to NEC), providing ample space for tenants.
- Blue Chip Tenant: Anchored by NEC Australia, occupying ground and first floors of the property with a lease extending until 28 February 2030, including further options.
- Development Potential: The site benefits from a maximum building height of 55 metres, with potential for height increases subject to planning approval.
- High Returns: Property developments on the Esplanade have consistently achieved Darwin's highest sales returns on a per square meter basis.
- Strong Holding Income: Top floor vacancy offers potential for increased yield, ensuring a strong holding income.

This is a rare opportunity to acquire a prime asset in one of Darwin's most exclusive locations. The property's combination of a prime location, high-calibre tenant, and significant development potential makes it an exceptional investment.

Investment Highlights:

- Prime Location on Darwin Esplanade
- Three-Level Office Building with Basement
- 2,627 sqm NLA on a 2,030 sqm Freehold Parcel
- 4-star NABERS Energy for offices rating 
- Anchored by High-Calibre Tenant NEC
- Lease Term Until February 2030, with Further Options
- Top Floor Vacancy Offering Potential for Increased Yield
- Excellent Development Potential with Strong Holding Income

Properties of this calibre and location are seldom available. Don't miss this unique chance to own a piece of the Darwin Esplanade.

This property is available for sale via private treaty. For more information, please contact Seth Chin on 0411 178 888 or Victor Harris on 0412 154 121.