FOR SALE
$485,000 excl GST

3/31 Elder Street
Ciccone NT 0870

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Commercial Investment Opportunity

This strata-titled property, currently serving as administration offices for Chubb Security, presents an excellent investment opportunity in a prime location.
Situated in a bustling industrial precinct on Elder Street, this property offers both accessibility and visibility, making it an ideal choice for a self-managed superannuation fund.
- Total building area: 164.5 square metres
- Lease term: expiring June 1, 2025 with further options.
- Monthly rent: $4,781.72 (including GST)
- Body corporate fee: $836 p.q. + annual insurance fee of $1,354.00
- Council rate: $3,377.99 p.a.
- On-site parking available
- Positioned at the front of the complex for easy access
Contact LJ Hooker today for further information.

Property Details for 3/31 Elder St, Ciccone

Building Type
Commercial

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About Ciccone 0870

The size of Ciccone is approximately 2.5 square kilometres. It has 1 park. The population of Ciccone in 2011 was 247 people. By 2016 the population was 252 showing a population growth of 2.0% in the area during that time. The predominant age group in Ciccone is 30-39 years. Households in Ciccone are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Ciccone work in a trades occupation. In 2011, 31.9% of the homes in Ciccone were owner-occupied compared with 28.8% in 2016..

Ciccone has 539 properties. Over the last 5 years, Houses in Ciccone have seen a 13.57% increase in median value, while Units have seen a 16.88% increase. As at 31 October 2024:

  • The median value for Houses in Ciccone is $462,440 while the median value for Units is $356,973.
  • Units have a median rent of $380.
There are currently 7 properties listed for sale, and 7 properties listed for rent in Ciccone on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Ciccone.

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LJ Hooker Alice Springs
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