FOR SALE
For sale via 'EOI'

97 Mitchell Street
Darwin City NT 0800

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 2020m2
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Prime CBD hotel with development upside

97 Mitchell Street is in a prominent location within the CBD core, only 600 metres to the Smith Street mall. Mitchell Street is parallel to The Esplanade and Smith Street, the subject property is located on the north-western side of Mitchell Street near the Daly Street entrance to the CBD.
This attractive offering includes both the freehold property and going concern interests of the 'Capitanos' Hotel. The subject property is a two-storey 35-room hotel including a reception area, pool and 14 car parks. The building and accommodation presents very well having been recently fully refurbished. There is an additional vacant area at the front of the building of 150m (approx.) that was previously a bar, and is currently a shell that can be fitted out or repurposed.
The property also has development approval for a third level and an additional 17 rooms for an operator to maximise the return.
The rectangular shaped site is zoned Central Business (CB) and is 2,020m positioned in the Darwin CBD core area with a 90-metre height limit, making it an outstanding site for future development.
For sale via 'Expressions of Interest' closing the 27th of November, 2024 at 4pm (if not sold prior).
For more information please contact Ryan Doyle 0405 192 389 or David Loy 0418 897 104 at LJ Hooker Commercial North.

Property Details for 97 Mitchell St, Darwin City

Building Type
Commercial
Floor Size
1m2
Land Size
2020m2

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About Darwin City 0800

The population of Darwin City in 2011 was 4,545 people. By 2016 the population was 6,479 showing a population growth of 42.6% in the area during that time. The predominant age group in Darwin City is 20-29 years. Households in Darwin City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Darwin City work in a professional occupation. In 2011, 26.6% of the homes in Darwin City were owner-occupied compared with 22.8% in 2016.

Darwin City has 5,383 properties. Over the last 5 years, Houses in Darwin City have seen a -3.25% decrease in median value, while Units have seen a 25.89% increase. As at 30 November 2024:

  • The median value for Houses in Darwin City is $457,354 while the median value for Units is $402,400.
  • Houses have a median rent of $585 while Units have a median rent of $600.
There are currently 77 properties listed for sale, and 68 properties listed for rent in Darwin city on OnTheHouse. According to CoreLogic's data, 320 properties were sold in the past 12 months in Darwin city.

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Lj Hooker Commercial North Nt
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