OFF MARKET

11 Railway Terrace
Alice Springs NT 0870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3150m2
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Property Details for 11 Railway Tce, Alice Springs

Building Type
Commercial
Land Size
3150m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 9172/LTO99/008

Last Listing description (August 2022)

This outstanding commercial property located in a highly visible location in the heart of the CBD is the ideal investment to add to your portfolio.
Currently there are two long term tenants with long leases in place giving the new owners future income security. The total rental returns for the property are 19,076.42 pcm + Outgoings.
The property can be divided up into five separate tenancies (if required) making this commercial property dynamic and flexible to accommodate multiple types of tenancies.

There is approximately 865m2 of office space situated on a large 3150m2 parcel of land. The zoning for the land is Central Business (CB)
All three buildings offer a combination of office/boardroom space, reception areas and kitchenette and toilet facilities. An appealing attraction to the property is the 49 car parks that are on offer. It's rare to have this kind of parking space right in the centre of town. Some fixture and fittings in one of the tenancies are also owned by the current vendor.
Two of the three buildings are heritage listed, there is opportunity to further develop this property if you want but will be subject to relevant approvals.
This property is in a high desirable location and is surrounded by other popular businesses.
If you would like to find out more feel free to contact Lindsay on 0439 034 711.

Property History for 11 Railway Tce, Alice Springs, NT 0870

A timeline of how this property has performed in the market
Last Sold
$2,650,000
08 Aug 2022
  • 08 Aug 2022
    Sold for $2,650,000
  • 05 Jan 2022
    Listed for Sale Contact Agent
  • 27 Oct 2005
    Sold for $675,000

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About Alice Springs 0870

The size of Alice Springs is approximately 1.3 square kilometres. It has 5 parks covering nearly 14.6% of total area. The population of Alice Springs in 2011 was 347 people. By 2016 the population was 294 showing a population decline of 15.3% in the area during that time. The predominant age group in Alice Springs is 40-49 years. Households in Alice Springs are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Alice Springs work in a professional occupation. In 2006, 11.1% of the homes in Alice Springs were owner-occupied compared with 2.5% in 2011..

Alice Springs has 764 properties. Over the last 5 years, Houses in Alice Springs have seen a 12.35% increase in median value, while Units have seen a -15.05% decrease. As at 31 October 2024:

  • The median value for Houses in Alice Springs is $415,147 while the median value for Units is $239,715.
  • Units have a median rent of $380.
There are currently 5 properties listed for sale, and 29 properties listed for rent in Alice springs on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Alice springs.

Suburb Insights for Alice Springs 0870

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.