141 Paterson StreetTennant Creek NT 0860
Property Details for 141 Paterson St, Tennant Creek
Last Listing description (October 2024)
Situated in the heart of Tennant Creek's retail and commercial precinct, this commercial suite of two tenancies offers a fantastic opportunity for an investor or owner/occupier to expand their portfolio.
The Facts:
- Unique opportunity to purchase a two-tenancy property
- Tenancy 1 is available to re-lease or to occupy for own operation Approx $60,000 pa ex GST
- Tenancy 2 leased to Desert Therapy currently utilising 3 + 3 option periods measuring 106 sqm approx
- Tenancy 2 current rental $26310 pa ex GST
- Tenancies are easily converted for floor plan modifications
- Ample angle parking at front, secure covered parking at rear
- Additional area available for further development
- Ducted air-conditioning and split systems
- Council Rates: $7371 pa 2024
- Insurance $4205 pa 2024
This property delivers to the new owner a property with exclusive frontage to the main street of Tennant Creek. The larger tenancy would be ideal for a business owner who wishes to operate a retail outlet or a variety of other uses. The return would be higher should a new tenant be sourced.
Property History for 141 Paterson St, Tennant Creek, NT 0860
- 20 May 2024Listed for Sale All Offers Considered, Owner Must Sell!
- 16 Apr 2020Listed for Sale Reduced to $740,000
- 29 Aug 2019Listed for Rent - Price not available
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0About 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.
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