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 closes at 12pm Friday 13th December 2024

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