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 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:
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