OFF MARKET

60 Bradshaw Dr
Gillen NT 0870

Bedrooms: 1
Bathrooms: 1
Car spaces: 12
Floor area: 61m2
Land area: 1040m2
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Property Details for 60 Bradshaw Dr, Gillen

60 Bradshaw Dr, Gillen is a 1 bedroom, 1 bathroom Unit with 12 parking spaces and was built in 1975. The property has a land size of 1040m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
1975
Floor Size
61m2
Land Size
1040m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 3269/A 000639

Last Listing description (August 2022)

This solidly constructed double-storey block of six units, originally owned by a major Bank for staff accommodation, is a cracking investment opportunity, currently returning an 9.7% yield on asking price, and located in a popular pocket of Gillen close to major amenities, occupancy rates are high.

Cracking investment rock-solid 6-pack returning 9.7% yield
Prime Gillen location, delightful views of MacDonnell Ranges

4 x 2-bedroom, 2 x 1-bedroom, all with separate entry
3 have split system air-conditioning, all have built-ins in bedrooms
Separate water supply to each unit,
8 covered carparks and 4 visitor carparks onsite
5 of the 6 units are currently managed by the owners.
Unit 6 has recently been leased by Framptons at a higher rental
Low maintenance, constructed to last
Originally owned by a major Bank to accommodate staff
Location has ensured consistently high occupancy rates
Invest in bricks & mortar to 'peace of mind' and attractive returns!

Over two levels, the configuration is 4 x 2-bedroom units with a floor area of 79 square metres, and 2 x 1-bedroom with a floor area of 61 square metres. Each unit has separate entry, separate water supply, built-ins in bedroom(s), full sized bath in 2-bedroom units, electric stoves, and three of the units have split system air-conditioning.

The complex is on a 1055m2 block, with security lighting installed and undercover parking for eight-vehicles plus open parking for another four-vehicles. Low maintenance, the current owners have until recently conducted all their own property management, minimising costs further.

In comfortable, liveable condition and showcasing views of the MacDonnell Ranges this is an appealing investment opportunity in a sought-after location within walking distance to local schools and IGA.

With interest rates at historic lows and the stock market always susceptible to volatility; property is one of the safest and most financially rewarding investments, proven to generate attractive capital gain over time and returning solid yields in most market conditions. Investing in bricks and mortar is the way to goand this property certainly ticks all the boxes.

Contact Agent for further information.

Property History for 60 Bradshaw Dr, Gillen, NT 0870

A timeline of how this property has performed in the market
Last Sold
$1,050,000
30 Sep 2021
  • 05 Aug 2022
    Listed for Sale $1,150,000
  • 30 Sep 2021
    Sold for $1,050,000
  • 24 Jan 2020
    Listed for Sale $1,150,000
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About Gillen 0870

The size of Gillen is approximately 2.6 square kilometres. It has 13 parks covering nearly 8% of total area. The population of Gillen in 2011 was 4,417 people. By 2016 the population was 4,290 showing a population decline of 2.9% in the area during that time. The predominant age group in Gillen is 30-39 years. Households in Gillen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gillen work in a professional occupation. In 2011, 54.5% of the homes in Gillen were owner-occupied compared with 54.6% in 2016.

Gillen has 1,973 properties. Over the last 5 years, Houses in Gillen have seen a 1.79% increase in median value, while Units have seen a -1.95% decrease. As at 30 September 2024:

  • The median value for Houses in Gillen is $430,465 while the median value for Units is $261,372.
  • Houses have a median rent of $578 while Units have a median rent of $413.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Gillen on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Gillen.

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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.