OFF MARKET

1/7 Ghan Road
Ciccone NT 0870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 154m2
Land area: 154m2
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Property Details for 1/7 Ghan Rd, Ciccone

Building Type
Commercial
Floor Size
154m2
Land Size
154m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 9401/U2005/037

Last Listing description (September 2021)

With record low interest rates having your money parked in the bank in today's world will just not cut it. 1/7 Ghan Road is a great investment opportunity with long term tenants. Currently this property is achieving approximately 6.6% return based off the current sale price.
This is an appealing investment or purchase now and set up your own small business from this location when the lease runs out.

Positioned on a 154sq allotment at the front of a 10-warehouse complex, this property offers 82sq metres of floor area plus 28sq Mezzanine, timber staircase, small air conditioned office space, roller door access and ample parking.
There is also a small yard with extra parking and street frontage at the front of the property.
Some of the features that this property includes are:

Kitchen facilities
Good storage space
Great location in the industrial area
Long term lease with optional 3 years extension
Vehicle Access
The vendors are a genuine seller and will consider all serious offers.
If you would like to know more or would like to book an inspection time call Lindsay on 0439 034 711 to make a time to inspect.

Area of Unit: 154 sqm Council Rates: $1,770.69 pa
Body Corporate: $924 per quarter Rental: $1,532 + GST+ Outgoings PCM until November 2021

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Property History for 1/7 Ghan Rd, Ciccone, NT 0870

A timeline of how this property has performed in the market
Last Sold
$218,000
05 Jul 2011
Listed for Rent
$345/w
06 Oct 2015
  • 28 Feb 2020
    Listed for Sale $305,000
  • 27 Jul 2016
    Listed for Sale $315,000 + GST
  • 06 Oct 2015
    Listed for Rent $1,500 / month
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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 537 properties. Over the last 5 years, Houses in Ciccone have seen a -4.52% decrease in median value, while Units have seen a 37.41% increase. As at 31 August 2024:

  • The median value for Houses in Ciccone is $436,109 while the median value for Units is $373,077.
  • Units have a median rent of $380.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Ciccone on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Ciccone.

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