12 Cavenagh StreetDarwin City NT 0800
Property Details for 12 Cavenagh St, Darwin City
Last Listing description (May 2022)
Colliers are pleased to exclusively offer for sale The Cavenagh Hotel Freehold. This exceptional holding comprises 4,234sqm of improvements on a commanding 3,645smq land parcel with three street frontages in a prime CBD location.
The substantial CBD establishment includes a two level Hotel and Motel comprising two bars, gaming room with 20 gaming machines, indoor dining areas, drive through bottle shop and 80 accommodation rooms surrounding an in-ground swimming pool.
"The Cav" business as it is known locally, is recognised as an institution in the Top End. A popular destination for locals, tourists and the Darwin Business community. The extent and status of the freehold improvements and strength of the location underpin the security of the asset and provide certainty with the current and future performance of the leasehold.
* 27 years lease including options
* High quality tenant
* Strong performing business
* Secure income
* 3,645sqm* land parcel
* 3 street frontages
* Recently refurbished
* Central Business ( CB ) Zoning
approx.
The Cavenagh Hotel freehold is being sold at Auction 11.00am, Tuesday 5th April 2022. For further information or to arrange an inspection please contact the marketing agents.
Property History for 12 Cavenagh St, Darwin City, NT 0800
- 28 Feb 2022Listed for Sale Withdrawn- Sold
- 06 Mar 2009Listed for Rent - Price not available
- 30 May 2001Sold for $2,610,000
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0About 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 5,327 properties. Over the last 5 years, Houses in Darwin City have seen a -4.37% decrease in median value, while Units have seen a 27.89% increase. As at 31 October 2024:
- The median value for Houses in Darwin City is $484,197 while the median value for Units is $410,767.
- Houses have a median rent of $590 while Units have a median rent of $600.
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