Power Jeffrey & Co Brisbane was privileged to receive the appointment with HTL Property to offer for sale on behalf of the Dowling family the freehold investment of this renowned Northern Territory Hotel which has been held in the family for over 70 years.
Charter Hall has acquired the tavern in a managed partnership with the current operator ALH on a long term triple nett leasehold basis reflecting a core capitalisation rate of 5.65%
Tavern facilities include Sports Bar & TAB, Family Bistro, Gaming Lounge, Raging Bull Steak House, BWS Drive Thru Bottle Shop & Off Street Car Parking.
Prominently located in the Parap commercial precinct approx. 2km from the Darwin CBD on the corner of Parap Road & Hingston Street.