44 Railway TerraceAlice Springs NT 0870
Property Details for 44 Railway Tce, Alice Springs
Last Listing description (November 2024)
Well located, fully let commercial property with substantial land for further development.
We are delighted to present a unique opportunity to acquire a prominent commercial property situated within the Alice Springs CBD. This exceptional offering is not just a building; it's a piece of the community, adorned with vibrant murals that capture the spirit of the area.
Improvements comprise a partly capitalised multi tenanted ground level office building, with substantial land for further development, on a prime corner allotment with Stuart Highway frontage.
Land Area: 3,030 square metres
Vacant land for further development: Approximately 1,000 square metres
Legal Description: Lot 7535 Volume 871 Folio 987
Zoning: CB (Central Business)
Gross Income: $337,959 pa
Expenditure: $78,090pa
Net Income: $259,869 pa
Net Yield: 8.18% pa
Transport and Accessibility:
- Situated in a prime location, this property boasts excellent connectivity with easy access to major roadways.
- The property is within walking distance to public transportation options, making it easily accessible for employees and clients.
- The aerial views demonstrate the property's proximity to the commercial hub of Alice Springs, with nearby shopping centres, dining options, and essential services.
This is a rare opportunity to secure a commercial property with both character and convenience. For more information or to arrange a viewing, please contact Doug Fraser of LJ Hooker Alice Springs.
Contact details:
Doug Fraser
0418 897 768 or (08) 8950 6333
dfraser@ljhalicesprings.com.au
Property History for 44 Railway Tce, Alice Springs, NT 0870
- 21 Nov 2024Sold
- 21 Jun 2024Listed for Sale Sold
- 11 May 2005Sold for $4,200,000
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0About 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.
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