12 Gnoilya StreetAlice Springs NT 0870
Property Details for 12 Gnoilya St, Alice Springs
Last Listing description (May 2019)
25 Units - 2 Titles
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.
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, Double Tree 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 on 0418 897 010.
Property History for 12 Gnoilya St, Alice Springs, NT 0870
- 31 Jan 2014Listed for Sale $2,950,000
- 10 Apr 2013Listed for Sale $3,750,000
Recent sales nearby
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0About Alice Springs 0870
The size of Alice Springs is approximately 1.3 square kilometres. It has 5 parks covering nearly 14.6% of total area. The population of Alice Springs in 2016 was 300 people. By 2021 the population was 231 showing a population decline of 23.0% in the area during that time. The predominant age group in Alice Springs is 30-39 years. Households in Alice Springs are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Alice Springs work in a managers occupation.In 2021, 22.90% of the homes in Alice Springs were owner-occupied compared with 14.70% in 2016.
Alice Springs has 761 properties. Over the last 5 years, Houses in Alice Springs have seen a 23.32% increase in median value, while Units have seen a 12.24% increase. As at 30 November 2025:
- The median value for Houses in Alice Springs is $464,198 while the median value for Units is $223,643.
- Units have a median rent of $380.
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