Take Control of the Body Corporate with ownership of over 77% of the strata apartments, plus the opportunity to take over the Alatai Holiday Apartments Business and valuable liquor licence conditions with a lucrative upside for the next chapter of this prime location on the corner of McMinn Street and Finniss Street – clearly visible from where Stuart Highway becomes Daly Street in the Darwin CBD.

Business Highlights:

•Prime Location: Situated in the heart of Darwin City, Alatai Holiday Apartments offer unparalleled access to city facilities. A short stroll takes you to the golf course, tennis courts, Botanical Gardens, and the iconic Mindil Beach sunset markets.

•Full-Service Holiday Apartments: Ideal for discerning investors, this business includes a liquor license with comprehensive conditions for the Cafe/Pool Bar.

Property Details:

•Total Units for Sale: 39 Units

o11 - Studio Apartments
o19 - Two Bedroom Apartments
o 9 - Three Bedroom Apartments (dual key)

Ownership:

o24 units owned by the business owner.
o15 units owned by third parties.

Total Units Under Management: 33 strata units, plus the office.

Liquor Licence Conditions:

* Cafe/Pool Bar Trading Hours:
* Sunday to Saturday: 10:00 AM - 11:59 PM
* Liquor Sales for Bona Fide Lodgers:
* On-premises consumption available anytime to bona fide lodgers and their invited guests (in the presence of the lodger).
* Off-premises consumption for bona fide lodgers:

Sunday to Friday: 10:00 AM - 10:00 PM
Saturday and Public Holidays: 09:00 AM - 10:00 PM
No trading on Good Friday or Christmas Day.

Included in the Sale (Unit 52AHA):

* Reception Building which includes the Upstairs Nepa Kitchen, area of approximately 249sqm
* Reception area
* Dining area
* Small downstairs kitchen
*Large alfresco outdoor area
* Upstairs Nepa Kitchen:
* Currently leased to 31st July 2024.

The business comes with a lucrative liquor license that offers flexible trading hours for the Cafe/Pool Bar, open from 10:00 AM to 11:59 PM, seven days a week. Liquor sales for bona fide lodgers are available for on-premises consumption at any time, and off-premises consumption during designated hours, ensuring continuous service and added value for guests.

Alatai Holiday Apartments is ideally located close to major city facilities. Guests can enjoy a short stroll to the golf course, tennis courts, Botanical Gardens, and the renowned Mindil Beach sunset markets, making it a prime choice for both leisure and business travellers.

A new owner/operator can take this business to the next level by leveraging the favourable terms of the liquor license and the expansive outdoor area to host events, dining experiences, and leisure activities that will enhance the guest experience and drive bookings. The steady income stream from established leasing agreements provides a reliable financial foundation, while the proximity to key attractions offers endless opportunities for marketing and promotions.

This is a rare opportunity to acquire a well-established management business in one of Darwin’s most desirable locations. Don’t miss out on owning a piece of this vibrant city and enjoying a profitable venture with the versatile liquor license.

For more information and to schedule a viewing, contact Judy Truong 0412 892 462 or via email on judy@darwinpropertygroup.com.au

Invest in Alatai Holiday Apartments today and step into a world of opportunity and growth.

Financial Information only available after signing Non-Disclosure Agreement (NDA).