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25 UNITS - 2 TITLES

12 Gnoilya Street, The Gap, NT 0870

1 bed 1 bath 0 car
Block of Flats

$2,950,000

person
Andrew Doyle
12 Gnoilya Street for Sale
For any investor looking for a large block of units, well maintained with future potential then 12 Gnoilya Street, Alice Springs (Alice Rental Apartments) should be considered.

It was run for many years as the Alice Tourist Apartments, motel style accommodation and provided the owner with a secure, low maintenance investment with the business operator leasing the complex on a long term basis. Following the slowing of the tourism sector in Alice Springs the owner undertook renovation in 2009 and converted the property to short, medium and long term furnished residential apartments.

New floor coverings, beds, leather lounges, tables, chairs and flat screen televisions where purchased and the complex has enjoyed a strong occupancy rate in this time. Other improvements made at this time included the installation of remote control security gate to the front of the complex and improved security fencing. Security doors to each unit and a number of new split system air conditioners have been installed. All units are air conditioned.

The property comprises a total land area of 2,270m2 which includes eleven one bedroom units, twelve studio apartments, one studio apartment with disabled access and a spacious two bedroom Mangers residence with additional storage rooms. Also located on site is a communal laundry, swimming pool, BBQ area, and a store room/reception office and kitchen.

The units will continue to be well occupied as housing demand remains strong in the lower end of the price market. These units offer entry level furnished accommodation with access to a pool, BBQ area and laundry facilities.

Fully let the property has gross income potential of approximately $400,000pa with projected net income of approximately $280,000pa.

The complex is centrally located to major centres of employments such as Lasseters Hotel Casino, Doubletree By Hilton Hotel and the Alice Springs Hospital. It is also within close proximity to a suburban supermarket.

Full details and an information memorandum are available from Andrew Doyle at First National Framptons.
Don’t forget to favourite this property if you would like to keep track of it. You can contact Andrew Doyle from First National - Alice Springs about inspection times or to ask any other questions about 12 Gnoilya Street, The Gap.
Features
Year Built: 1988
Floor Area: 1,200sqm
Land Area: 2,270sqm
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What's Nearby
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There are no upcoming inspections or auctions scheduled. Email Agent to make an appointment.

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SA1 - 7104901 Meet the Neighbours near 12 Gnoilya Street

Looking to buy or invest in 12 Gnoilya Street, The Gap? Our Pocket Insights goes further than just showing demographic data in a suburb, it gives you insights right down to the neighbourhood level. Do you think you will fit in here? We hope so!

$3,310
Monthly Personal Income
$5,255
Monthly Household Income
$1,800
Monthly Mortgage Repayments
The average age is 37
Majority are Couples without children
Most residents Renting
Weekly Income
Pocket
The Gap
Employed as Health care and social assistance
Health care and social assistance
Public administration and safety
Construction
Retail trade
Accommodation and food services
Pocket Profile
Ask Andrew about 12 Gnoilya Street, The Gap, NT 0870
person
Andrew Doyle
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