58 Hartley StreetAlice Springs NT 0870
Property Details for 58 Hartley St, Alice Springs
Last Listing description (October 2015)
A Compelling CBD Investment
The property is located in the heart of Alice Springs Central Business District in close proximity to the vibrant Yeperenye Shopping Centre and the main town car park. It has a frontage to Hartley Street of 20 linear metres and a depth of 61 metres through to the rear lane and onsite parking for 12 vehicles.
The building is fully let with leases to NT Government. The current leases run through to February 2015 and October 2016. Both leases have further five year term options to the existing leases.
The property has undergone significant upgrades in recent years with the front facade and new air conditioning system being installed. Following the recent capital expenditure on the building, the property enjoys significant depreciation allowances with the figure for the financial year ending 30 June 2012 in excess of $40,000.
With estimated net income of $280,000pa and both tenancies leased to NT Government departments, a prime location in the heart of the town centre and onsite parking this property ticks all the boxes.
We believe this property offers investors a low risk, high return investment with a strong NT Government tenant.
Written expressions of interest should be received either by email to
andrew.doyle@framptons.com.au or hand delivered to the offices of First National Framptons by 4pm Friday March 21st 2014.
Property History for 58 Hartley St, Alice Springs, NT 0870
- 01 Oct 2015Sold for $2,850,000
- 04 Feb 2014Listed for Sale $3,000,000
- 07 Nov 2006Sold for $1,500,000
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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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