News and Announcements
Aviator Capital is pleased to announce the launch of the Harbourview Fund in Darwin
- Published August 11, 2022 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Harbour View Plaza is a landmark Darwin City office building that has a strong track record of occupancy accommodating a mixture of NT Government and Federal Government tenants. NT Government lease expiry is out to 2033. The building is currently 100% leased. Significant capital expenditure upgrading the property and its facilities has further enhanced the quality of the asset and provides Aviator’s investors with a lower risk secure long-term investment.
Darwin is central to the Northern Territory’s diversified economy, which is expected to grow by 53%, in terms of Gross State Product (GSP), by 2030. The Territory is experiencing significant investment totalling approximately $29.9Bin current projects.
(Northern Territory Government, 2022)
The key investment highlights of the property at 8 McMinn Street Darwin are:
Site Area | 5,330 m2 |
Gross Lettable Area | 5,775.4 m2 over 6 levels |
Car Parking | 155 undercover and on-grade car parks |
Sustainability (NABERS) | 5.5 Star |
Fully Leased Gross Income | $2,471,065 (Estimated) |
Estimated Outgoings | $501,728 |
Fully Leased Net Income | $1,969,337 (Estimated) |
WALE | 7.7 years (by area) at 30 June 2022 |
CAPEX | $5.9m spent on major works |
This is an exciting opportunity in invest in the Darwin CBD with distributions from the Fund commencing at 8.5% per annum paid monthly.
Aviator Capital looks forward to welcoming you as an investor in the Aviator Harbourview Fund.