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
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.
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 1,514 properties. Over the last 5 years, Houses in Tennant Creek have seen a 23.62% increase in median value, while Units have seen a 173.35% increase. As at 30 September 2024:
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