Solid Investment
85 Paterson Street, Tennant Creek NT 0860
$620,000
OfficeSize: n/a
Block size: 993 m² approx.
This substantial commercial property is positioned on a corner allotment on the main street of Tennant Creek. There is front and side angle parking and plenty of discreet undercover staff parking via a side street. Convenient rear gate access is offered should the need arise.
There are no easements on the 993 sqm allotment and the zoning is C (Commercial) from the NT Planning Scheme Zone.
The property has high visibility from the street with good signage and easy footpath access.
The client reception area is light and bright with large windows and colourful artwork. There are several offices once through the front foyer with a customised layout for the current tenant.
A meeting room complete with kitchenette facilities is located at the rear of the offices while there is a host of additional space for future expansion.
Once through the main office block the building opens into a huge steel warehouse complete with rainwater tank and ablutions block.
A substantial five-year lease was negotiated in July 2021 for the 98 sqm office block with the tenants right of renewal for a further five years. This property represents an exciting investment opportunity for those wanting a secure tenure for the long term.
A self-contained, two-bedroom demountable is discretely fenced off at the rear of the property with a separate and secure tenancy.
At the asking price of $620,000, this represents a healthy gross rental return of just over 10%.
- Substantial commercial property on main street of Tennant Creek
- Secure long-term lease with right of renewal
- 10% gross return over two tenancies
- Front and side angle parking, undercover staff parking
- 993 sqm allotment, no easements, rear gate access
- Offices, rear steel warehousing with ablutions, yard space
- Separate two-bedroom self-contained demountable
There are no easements on the 993 sqm allotment and the zoning is C (Commercial) from the NT Planning Scheme Zone.
The property has high visibility from the street with good signage and easy footpath access.
The client reception area is light and bright with large windows and colourful artwork. There are several offices once through the front foyer with a customised layout for the current tenant.
A meeting room complete with kitchenette facilities is located at the rear of the offices while there is a host of additional space for future expansion.
Once through the main office block the building opens into a huge steel warehouse complete with rainwater tank and ablutions block.
A substantial five-year lease was negotiated in July 2021 for the 98 sqm office block with the tenants right of renewal for a further five years. This property represents an exciting investment opportunity for those wanting a secure tenure for the long term.
A self-contained, two-bedroom demountable is discretely fenced off at the rear of the property with a separate and secure tenancy.
At the asking price of $620,000, this represents a healthy gross rental return of just over 10%.
- Substantial commercial property on main street of Tennant Creek
- Secure long-term lease with right of renewal
- 10% gross return over two tenancies
- Front and side angle parking, undercover staff parking
- 993 sqm allotment, no easements, rear gate access
- Offices, rear steel warehousing with ablutions, yard space
- Separate two-bedroom self-contained demountable
Inspections
No open inspections scheduled.
Send an enquiry
Contact Gail Tuxworth to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
993 m²*
Other Details
Parcel:
242
Legal description:
730//242/
Maps and area information
Block information
Block size: 993m² (approx)
Legal description: 730//242/
Measurements are estimates only and based on data provided under licence from
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
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Tennant Creek suburb information
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SummaryMedian sales
Average Age
35 years
Population
3,080
Listing ID: 181767222. This listing has been viewed 2 times. It was first displayed on 13/07/2023 and last updated on 27/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.