44 Railway Terrace ALICE SPRINGS NT 0870
$3,200,000

DESCRIPTION

Well located, fully let commercial property with substantial land for further development.

We are delighted to present a unique opportunity to acquire a prominent commercial property situated within the Alice Springs CBD. This exceptional offering is not just a building; it's a piece of the community, adorned with vibrant murals that capture the spirit of the area.

Improvements comprise a partly capitalised multi tenanted ground level office building, with substantial land for further development, on a prime corner allotment with Stuart Highway frontage.

Land Area: 3,030 square metres
Vacant land for further development: Approximately 1,000 square metres

Legal Description: Lot 7535 Volume 871 Folio 987
Zoning: CB (Central Business)

Gross Income: $337,959 pa
Expenditure: $78,090 pa
Net Income: $259,869 pa
Net Yield: 8.18% pa

Transport and Accessibility:
- Situated in a prime location, this property boasts excellent connectivity with easy access to major roadways.
- The property is within walking distance to public transportation options, making it easily accessible for employees and clients.
- The aerial views demonstrate the property's proximity to the commercial hub of Alice Springs, with nearby shopping centres, dining options, and essential services.

This is a rare opportunity to secure a commercial property with both character and convenience. For more information or to arrange a viewing, please contact Doug Fraser of LJ Hooker Alice Springs.
Contact details:
Doug Fraser
Reveal Phone or (08) 8950 6333
dfraser@ljhalicesprings.com.au