The Casuarina All Sports Club has been sold for $17.5 million to the company that recently bought Casuarina Square.

The Cas Club is situated on an 8,310 sqm block and will be part of Sentinel Property Group’s Casuarina Investment Fund, which also includes the shopping centre which it bought for $418 million earlier this year.

The deal with a private investor was brokered by Territory real estate agents Peter McVann and Matthew Knight from Knight Frank.

Sentinel chief executive Warren Ebert said the group considers the property as part of its long-term plans and a further expansion of Sentinel’s footmark in Casuarina.

“The acquisition of Cas Club was part of Sentinel’s long-term plans to develop Casuarina into a town centre,” Mr Ebert said. “Casuarina Square completely dominates its market and receives more than eight million visitors a year.”

He said the plan to develop Casuarina, that now comprises the extensive retail component, will include residential developments, including student, senior or worker accommodation.

“We have identified a tremendous opportunity to add value to the complex and grow Casuarina Square as both a retail centre and an employment node. Part of these plans has been seeking approval to move the Casuarina bus interchange to free up an area of approximately 54,000sq m for redevelopment,” he said.

The club’s adjoining CasCom Centre—a six-building business park on a 19,000 sqm site—is also owned by Sentinel Regional Office Trust.

Cas Club is fully leased to Casuarina All Sports Incorporated until July 2030.

“The club is very well located adjacent to Casuarina Square and the Cascom Centre, which is the main commercial precinct located outside of the Darwin CBD,” Mr Ebert said.

The Cas Club – opened in 1995, has 55 gaming machines, keno and full TAB facilities – and has won various hospitality and gaming awards over the years.