In a market where shopping centre investments in Australia’s top-end Northern Territory are tightly held and rarely traded, an exceptional opportunity has arisen with the Hibiscus Shoppingtown in the Darwin suburb of Leanyer, being placed on the market for the first time in over 40 years. The sale process is being handled by Catalyst Property Group and Savills.
The centre is anchored by a strongly trading full‑line Woolworths supermarket and the recently refurbished freestanding Hibiscus Tavern. The centre comprises 8,036sqm (GLA) and is 99.9% leased with a strong history of tenant retention. More than 77% of GLA is secured by long‑term anchors, Woolworths and the Hibiscus Tavern, underwriting strong income security and a non‑discretionary tenancy mix.
The strongly performing 4,534sqm Woolworths supermarket is supported by 21 specialty tenancies. The offering includes three adjoining residential properties zoned “commercial”, providing immediate expansion and value‑add potential for a new owner.
The centre generates an estimated net annual income of $2.775 million as of 1 April 2026.
Catalyst Property Group Director, Peter Tyson, commented, “This is a rare opportunity to secure a high-performing, convenience-based shopping centre anchored by a strongly trading Woolworths supermarket in the tightly held Darwin market. The strong non-discretionary tenancy mix, long-term income security and strategic corner position create a compelling investment proposition with clear value-add pathways.”
“Darwin’s northern suburbs continue to experience robust population, employment and infrastructure growth. The centre benefits from an extensive trade area of nearly 20,000 residents, with new master-planned developments such as Lee Point boosting long-term demand. Opportunities of this scale, security and future upside are seldom offered in the top-end”, added Savills National Director of Retail Investments Steven Lerche.
In the current market, where investor demand for convenience‑based neighbourhood centres remains robust, buyer interest for Hibiscus is expected from wide-ranging buyer groups including local and interstate private investors, institutions and fund managers, reflecting the strong appetite for essential‑services retail with scale, security and future upside.
Hibiscus Shoppingtown occupies a strategic, high‑profile 24,941sqm site on Vanderlin Drive, the major arterial traffic route through Darwin’s northern suburbs, approximately 14 kilometres north‑east of the Darwin CBD.
Hibiscus Shoppingtown and the three adjoining properties are offered for sale via Expression of Interest closing 12:00pm (AEST) Wednesday, 11 March 2026. Joint exclusive agents are Peter Tyson of Catalyst Property Group and Steven Lerche and Matt Holland from Savills.
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