21 Gregory Terrace, Alice Springs NT      
         

 

 

 

 

 

 

 

 

  

PROPERTY DESCRIPTION

This prominent corner property located on the corner of Leichhardt Terrace & Gregory Terrace in the Alice Springs CBD is a single storey building with attached undercover and open parking bay areas. It has access from both street frontages and via the rear parking area.

The property, currently houses five separate tenancies with a net lettable area of 2098m2, is well located overlooking the dry Todd River bed only 150m east of Todd Mall which is the focus of the retail movement in the Alice Springs area.

The Alice Springs retail market has remained buoyant over the last year. Rental levels have held firm. Retail space has become relatively scarce with few tenancies currently available in the CBD, especially to ground floor level.

This site has excellent market potential as it has long term government tenants and is adjacent to the newly opened $6 million Civic Centre.

 

  
 
Address:		   Cnr Gregory and Leichhardt Terraces Alice Springs, NT, 0870
 
Location:		   Located at the eastern perimeter of the Alice Springs CBD
 
Property Description:		   Substantial office building being almost fully let to the Northern Territory and Commonwealth Governments.
  Zoning:   ALSB1
  Site Area:   3,890m2 (approximately)
  Net lettable area:   2,096m2
  Gross Rental :   $545,000 pa
  Carparking:   18 undercover spaces, 41 external spaces
  Valuation:   $3.90M (Sept '10)
 
Primary Tenant:		  


Northern Territory Government
Area: 1390m2
Gross Rental: $352,000
Expires: March 2014