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An exceptional Esplanade investment opportunity is offered to the market with Development House, a landmark commercial office asset of rare scale, quality and prestige within one of Darwin's most tightly held and coveted harbour front CBD locations.
Prominently positioned on the Darwin Esplanade, the building commands sweeping harbour views and benefits from irreplaceable frontage along one of the city's most prestigious addresses. Immediate proximity to major government, commercial, retail and institutional hubs reinforces its strategic importance within the Darwin CBD landscape.
Anchored by a long-term lease to the Northern Territory Government extending through to 2032, the asset delivers exceptional income security underpinned by a strong, blue-chip covenant and occupation by multiple high-value government departments. Extensively refurbished in 2021 and impeccably presented, Development House combines commanding presence with modern functionality, positioning it as a premier CBD office holding and trophy asset within the Darwin market.
With its unquestionable lease covenant, trophy Esplanade positioning and compelling long-term strategic upside, Development House represents a genuine blue-chip investment opportunity within Darwin's most prestigious CBD precinct.
Key features of this amazing opportunity:
• Leased to a blue-chip tenant - NT Government
• 100% occupancy status
• 10 year Lease, expiring in 2032
• $3.76m in recent capital upgrades
• Significant tenant investment into quality fitouts
• 4.5 Star NABERS rated
• Excellent depreciation benefits
• 30x Basement and On grade parks
• New end of trip facilities
• Long term redevelopment upside leveraging premium Esplanade location
*Measurements and areas are approximate
For sale via expression of interest closing 11th March 2025 4PM ACST
For further information or to arrange an inspection, please contact the exclusive marketing agents at McGees Property.
Craig Inkster
Ph 0414 550 705
Tessa Sealey
Ph 0458 628 329
An exceptional Esplanade investment opportunity is offered to the market with Development House, a landmark commercial office asset of rare scale, quality and prestige within one of Darwin's most tightly held and coveted harbour front CBD locations.
Prominently positioned on the Darwin Esplanade, the building commands sweeping harbour views and benefits from irreplaceable frontage along one of the city's most prestigious addresses. Immediate proximity to major government, commercial, retail and institutional hubs reinforces its strategic importance within the Darwin CBD landscape.
Anchored by a long-term lease to the Northern Territory Government extending through to 2032, the asset delivers exceptional income security underpinned by a strong, blue-chip covenant and occupation by multiple high-value government departments. Extensively refurbished in 2021 and impeccably presented, Development House combines commanding presence with modern functionality, positioning it as a premier CBD office holding and trophy asset within the Darwin market.
With its unquestionable lease covenant, trophy Esplanade positioning and compelling long-term strategic upside, Development House represents a genuine blue-chip investment opportunity within Darwin's most prestigious CBD precinct.
Key features of this amazing opportunity:
• Leased to a blue-chip tenant - NT Government
• 100% occupancy status
• 10 year Lease, expiring in 2032
• $3.76m in recent capital upgrades
• Significant tenant investment into quality fitouts
• 4.5 Star NABERS rated
• Excellent depreciation benefits
• 30x Basement and On grade parks
• New end of trip facilities
• Long term redevelopment upside leveraging premium Esplanade location
*Measurements and areas are approximate
For sale via expression of interest closing 11th March 2025 4PM ACST
For further information or to arrange an inspection, please contact the exclusive marketing agents at McGees Property.
Craig Inkster
Ph 0414 550 705
Tessa Sealey
Ph 0458 628 329
Development House, 76 Esplanade, Darwin City, NT, 0800
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
