OFF MARKET

2 George Crescent
Ciccone NT 0870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5430m2
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Property Details for 2 George Cres, Ciccone

Building Type
Commercial
Land Size
5430m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 2500/B 000356

Last Listing description (November 2021)

An exceptionally well located light industrial property situated on the corner of Larapinta Drive and George Crescent. With a total overall land area of 5,430 square metres, this substantial property is currently divided into two separate tenancies with a gross annual rental of $108,540.00 including GST.

One of the tenancies has a 3 + 3 year lease however the other tenancy is on a monthly basis only and vacant possession could therefore be arranged.

Light industrial properties of this size and in this location rarely come onto the market and the opportunity therefore exists to acquire a well located and extremely visible commercial site.

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Property History for 2 George Cres, Ciccone, NT 0870

A timeline of how this property has performed in the market
Last Sold
$1,850,000
09 Aug 2021
  • 09 Aug 2021
    Sold for $1,850,000
  • 25 May 2021
    Listed for Sale Under Contract
  • 16 Apr 2020
    Listed for Sale $1.85 Million

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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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