OFF MARKET

108 Paterson Street
Tennant Creek NT 0860

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 940m2
Land area: 1000m2
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Property Details for 108 Paterson St, Tennant Creek

Building Type
Commercial
Floor Size
940m2
Land Size
1000m2
Local Government
Barkly
Lot/Plan
Loc 730 Lot 45/OP 001311

Last Listing description (December 2015)

Rarely does an opportunity such as this present itself to purchase an immaculate property and business with all the hard work done!
The land and buildings that comprise 108 Paterson Street, Tennant Creek are a unique purchasing proposition. Set on a 1000sqm block the property frontage features a fully operational restaurant with commercial kitchen and store rooms, two tenancies currently home to a Laundromat and Hairdressing Salon and to the rear a caretaker s residence providing three bedrooms and bathroom, modern kitchen and living room. A huge covered breeze way separates the residence from a large studio great as another open plan bedroom, living and office. Further back on the block are two spacious storage sheds, a toilet and shower block and undercover parking for six cars. Rear lane access is provided through practical high sliding gates.
Woks Up Restaurant is a successful family operated business, operating for nearly ten years, more recently in this location, with a loyal clientele base and catering adding to solid trading figures and extensive equipment. Located in Tennant Creek s main street precinct, it s a favourite b.y.o. jaunt for the locals, tourists and regular visitors alike.

The restaurant has comfortable seating capacity for 80 patrons with the adjacent beer garden fitting a tidy 60 people. It is open for dinner six days a week from 5-9pm. With no trading restrictions, there is a great opportunity to expand by opening for lunches and functions.
The commercial catering equipment included is too extensive to list but suffice to say there is everything necessary to continue full operations i.e. walk in walk out basis.
Tennant Creek continues to provide attractive breaks for those wanting to invest and provide for their future. Consider this prospect as a wonderful chance to make your mark by owning this faultless property by taking this business to the next level.
Call today for the full story.

Property History for 108 Paterson St, Tennant Creek, NT 0860

A timeline of how this property has performed in the market
Last Sold
$60,000
18 Jun 2007
  • 18 Jun 2015
    Listed for Sale GREAT VALUE $790,000
  • 07 Nov 2014
    Listed for Sale $820,000
  • 18 Jun 2007
    Sold for $60,000
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About Tennant Creek 0860

The size of Tennant Creek is approximately 42.1 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Tennant Creek in 2011 was 3,060 people. By 2016 the population was 2,984 showing a population decline of 2.5% in the area during that time. The predominant age group in Tennant Creek is 20-29 years. Households in Tennant Creek are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tennant Creek work in a professional occupation. In 2011, 34.6% of the homes in Tennant Creek were owner-occupied compared with 29.7% in 2016.

Tennant Creek has 1,515 properties. Over the last 5 years, Houses in Tennant Creek have seen a 14.66% increase in median value, while Units have seen a 173.57% increase. As at 31 October 2024:

  • The median value for Houses in Tennant Creek is $239,654 while the median value for Units is $160,659.
  • Houses have a median rent of $440.
There are currently 3 properties listed for sale, and 1 property listed for rent in Tennant creek on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Tennant creek.

Suburb Insights for Tennant Creek 0860

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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.