Kalidonis Village, 87 Woods Street,
Darwin City, NT 0800
Hotel, Motel & Leisure
Price information
Sale - Expression of Interest closing Thu 5 Dec
Please Contact Agent
Key property information
Land area
Floor area
Car spaces
Zoning
Tenure type
Expression of Interest
Private inspections
to arrange a private inspection.
NTC Property - DARWIN CITY
43 Mitchell StreetDARWIN CITY, NT 0800
04222759...
Kalidonis Village, 87 Woods Street
Darwin City, NT 0800
Map of Kalidonis Village, 87 Woods Street
Bus stops within 5 km of Kalidonis Village, 87 Woods Street, Darwin City, NT 0800 Distance St Mary's School 107 m Quest Cavanagh Street 176 m Daly Street 267 m Woolworths 334 m Ducks Nuts 479 m POWERED BY HERE ©
POWERED BY HERE ©
Exceptional Accommodation Opportunity
- Currently Operating With 98% Occupancy
- Substantial Passing Income
- Future Development Potential 90m + (STA)
NTC Property is pleased to present an exceptional opportunity to purchase the freehold going concern of 87 Woods Street, Darwin - also known as Kalidonis Village.
Kalidonis Village is a two-storey building comprising 50 self-contained studio rooms, with three accessible rooms. Located in the north-western quadrant of Darwin’s CBD, the property is just 400 metres from key landmarks such as the CBD Plaza (Woolworths), Darwin GPO, and the new Charles Darwin University campus. Other notable attractions, including The Esplanade, Smith Street Mall, Darwin City Waterfront, Mindil Beach, and the George Brown Botanical Gardens, are all within a 10-minute walk.
The property underwent significant refurbishment in 2016, with 46 rooms upgraded, the addition of a commercial kitchen and restaurant, and the installation of a new swimming pool, gym, communal kitchen, accessible toilets, and shared laundry. In 2018, an office space was converted into four large studio rooms located on the ground floor near the Village entrance.
Each studio is self-contained with a queen-size bed, microwave, cooktop, fridge, sink, TV, desk, chair, and split-system air conditioning. Tenants are responsible for linen and room cleaning. Currently, 49 out of 50 rooms are leased on 6-month terms, providing stability and a reliable income stream.
The 311sqm restaurant space is leased to Loong Fong on a 10-year lease, expiring on January 31, 2032, offering additional revenue.
With the new Charles Darwin University campus opening in 2025, the Village presents a prime alternative housing option for students, especially with the tight residential vacancy rates in the area.
The property is situated on a large 4,220sqm Central Business-zoned site, offering future development potential with a 90m+ building height allowance (subject to STA).
Prospective buyers have the option to continue operations as is or revert the property back to a motel format, providing excellent flexibility.
For further information or to express interest, prospective buyers are required to sign a Non-Disclosure Agreement.
Expressions of Interest closing Thursday 5 December 2024 @ 4:00pm ACST.
Please contact Nigel Sharp at NTC Property on 0422 275 9....
Kalidonis Village is a two-storey building comprising 50 self-contained studio rooms, with three accessible rooms. Located in the north-western quadrant of Darwin’s CBD, the property is just 400 metres from key landmarks such as the CBD Plaza (Woolworths), Darwin GPO, and the new Charles Darwin University campus. Other notable attractions, including The Esplanade, Smith Street Mall, Darwin City Waterfront, Mindil Beach, and the George Brown Botanical Gardens, are all within a 10-minute walk.
The property underwent significant refurbishment in 2016, with 46 rooms upgraded, the addition of a commercial kitchen and restaurant, and the installation of a new swimming pool, gym, communal kitchen, accessible toilets, and shared laundry. In 2018, an office space was converted into four large studio rooms located on the ground floor near the Village entrance.
Each studio is self-contained with a queen-size bed, microwave, cooktop, fridge, sink, TV, desk, chair, and split-system air conditioning. Tenants are responsible for linen and room cleaning. Currently, 49 out of 50 rooms are leased on 6-month terms, providing stability and a reliable income stream.
The 311sqm restaurant space is leased to Loong Fong on a 10-year lease, expiring on January 31, 2032, offering additional revenue.
With the new Charles Darwin University campus opening in 2025, the Village presents a prime alternative housing option for students, especially with the tight residential vacancy rates in the area.
The property is situated on a large 4,220sqm Central Business-zoned site, offering future development potential with a 90m+ building height allowance (subject to STA).
Prospective buyers have the option to continue operations as is or revert the property back to a motel format, providing excellent flexibility.
For further information or to express interest, prospective buyers are required to sign a Non-Disclosure Agreement.
Expressions of Interest closing Thursday 5 December 2024 @ 4:00pm ACST.
Please contact Nigel Sharp at NTC Property on 0422 275 9....
Property ID: 504729896Last Updated: 13 Nov 2024
NTC Property - DARWIN CITY43 Mitchell Street
DARWIN CITY, NT 0800
DARWIN CITY, NT 0800