51-53 Todd Street Alice Springs NT 0870

Situated in the heart of Alice Springs' Central Business District on Todd Mall, this prominent two-storey commercial building presents a unique investment opportunity. The property boasts six tenancies, including two vacant offices, substantial income potential, and a diverse tenant mix. It combines high-profile retail spaces on the ground floor with flexible office spaces above, making it ideal for a variety of business types.

Property Highlights:
• Strategic CBD Placement: Located on Todd Mall, this location ensures high visibility and foot traffic-perfect for retail and professional office setups.
• Diverse Tenant Mix: Consists of four ground-level retail units and two upper-level office spaces, supporting a stable revenue stream.
• Ample Car Parking: Features secure, open bitumen parking for tenants and visitors.
• Modern Amenities: Each tenancy is equipped with comprehensive kitchen and bathroom facilities, and secure access is available for upper-level offices.

Tenancy Details:
• Ground Floor 1 (Vacant): 179.60 m² - Prime retail or office space.
• Ground Floor 2 (Leased): 178.76 m² - Leased until 2026 at $85,282 p.a.
• Ground Floor 3 (Leased): 437 m² - Leased until 2028 at $139,840 p.a.
• Ground Floor 4 (Vacant): 188 m² - Ready for immediate occupancy, offering competitive rents.
• First Floor 1 (Vacant): 83 m² - Ideal for bespoke office layout.
• First Floor 2 (Leased): 312.5 m² - Leased until 2025 at $54,000 p.a.

Property Specifications:
• Address: 51-53 Todd Street, Alice Springs, NT
• Zoning: CB - Central Business
• Land Area: 2,020 m²
• Total Lettable Area: 1,378.95 m²
• Projected ROI: 11.31%
• Council Rates: $49,688 per annum

This property represents an outstanding investment in a high-demand area, offering a solid yield and significant growth prospects. It's ideal for investors seeking a stable asset with room for value-add through strategic tenancy management.

Expressions of interest

For further details or to request an Information Memorandum, please contact Lindsay at 0439 034 711 or lindsay.carey@nh.com.au