OFF MARKET

61 Bath Street
Alice Springs NT 0870

Bedrooms: -
Bathrooms: -
Car spaces: 30
Land area: 4800m2
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Property Details for 61 Bath St, Alice Springs

Building Type
Commercial
Land Size
4800m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 7719

Last Listing description (April 2024)

One of only a very few freestanding freehold motels centrally located in the Alice Springs. The sale of the Elkira Motel provides a very rare chance to obtain an establish investment right in the towns CBD, with several upside opportunities available. This outstanding property has had the same owners for over 30 years with proven returns and it's time for the baton to be passed on.

If you are you looking for a great investment opportunity with established clientele, look no further than the Elikra Motel in Alice Springs. This motel boasts great conference facilities, a central location, with 58 rooms, including spa rooms and budget rooms, an inviting swimming pool, and two kitchens and a bar area with an open deck, this motel is in great condition and a rare fantastic investment opportunity. The motel is apart of the Golden Chains Group.

Central Location

The Elikra Motel is situated in a central location in Alice Springs, making it easily accessible from all parts of the town. It is close to tourist attractions, restaurants, and shopping centres, making it an ideal location for tourists and business travellers alike.

Conference Facilities
The Elikra Motel boasts excellent conference facility, making it an ideal location for business meetings, conferences, or events. The conference rooms are spacious, well-lit, and equipped with modern audio-visual equipment, ensuring that your event runs smoothly.

Long-Term Owners
The Elikra Motel has had the same owners for over 30 years, which is a testament to the quality of the motel. The current owners have kept the motel well-maintained and have built a loyal customer base.

Rooms
The Elikra Motel has 58 rooms, including spa rooms to budget rooms. The spa rooms are perfect for travellers who want to relax and unwind after a long day of sightseeing or business meetings. The budget rooms are ideal for travellers on a tight budget who still want a comfortable and clean place to stay. All rooms are well-maintained and equipped with modern amenities.

Swimming Pool
The Elikra Motel has an inviting swimming pool, which is perfect for guests who want to cool off after a long day in the hot Alice Springs sun. The pool area is well-maintained and has plenty of seating, making it a great place to relax and soak up some sun.

Kitchens and Bar Area
The Elikra Motel has two kitchens and a bar area with a few outdoor spaces which is great for functions. There is also a current liquor license but is currently they are not operational

Conclusion
The Elikra Motel in Alice Springs is a great investment opportunity for anyone looking to invest in an established business. With great conference facilities, a central location, and appealing long-term owners, this motel is sure to be a hit with tourists and business travellers alike. With its 58 rooms, inviting swimming pool, two kitchens, bar and a care takers residence, the Elikra Motel has everything you need for a comfortable and enjoyable stay in Alice Springs.

For Sale via Expressions of Interest.
To find out more contact Lindsay Carey from Nutrien Harcourt.

Property History for 61 Bath St, Alice Springs, NT 0870

A timeline of how this property has performed in the market
Listed for Rent
$5.86k/w
16 Nov 2010
  • 14 Dec 2023
    Listed for Sale Under Offer
  • 06 Apr 2023
    Listed for Sale Expressions of Interest
  • 18 Nov 2010
    Listed for Sale LEASE $1,575,000 27 YEARS TO RUN
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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.