7 Blain Street

Tennant Creek NT 0860

16358 m²

Apartment

Last sold for $3,250,000

Fang Lei, last sold this property on 20 June 2025 after 203 days on market.

Overview

SOLD AWAITING SETTLEMENT

On offer is a rare investment opportunity to purchase a complex of 12 duplexes of stand alone units, composing 24 units in total on 1 Title. There are 16, 3 bedroom units, 8, 2 bedroom units, each with their own private rear yard, and 10 with a fully fenced front yards plus, all have their own private enclosed carport. Current income is $306,500 pa with a possible net income of $557,000 pa once fully leased: • 6 units under renovation (some up to 70% complete) • 3 vacant at owners discretion All current leases offer the security of being corporate or government tenants. Additional features: • 2 street frontage • Commercial grade CCTV & alarms • Each unit with multiple air-conditioners & BIR's • Walk-in storage, linen, pantry • Modern tones Tennant Creek market has consistently shown very low vacancy rates & rent rates continually rise annually. The town is currently enjoying strong economic growth maintaining its sustainability. Andrews Property have operated Tennant Creek for more than 15 years and can speak with confidence about the high rate of return that investors achieve long term. For Sale by Expressions of Interest, closes 4 pm CDST, 28th February 2025 unless sold prior.

Features

28 bedrooms

1 bathroom

24 carspaces

16358 m² lot size

Apartment

Estimated Value

We need at least 3 similar 28 bedroom apartments sold in Tennant Creek over the last 12 months.

Property history for 7 Blain Street

2025

Sold

$3,250,000

Private Sale/Treaty on 20 Jun 2025 by Fang Lei, of Andrews Property NT

Happy sellers in Tennant Creek

83%

83% of sellers in Tennant Creek reported that their sale price either exceeded or met their price expectations.

Tennant Creek stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Tennant Creek over the last 12 months.

Local market activity for 28 bedroom apartments in Tennant Creek

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Tennant Creek for a free market appraisal.

Jo-Anne Pulsford

at Nutrien Harcourts Alice Springs

4.7

(92 reviews)

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Fang Lei

at Andrews Property NT

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Warren Andrews

at Andrews Property NT

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No Agent Property - NT

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Tennant Creek

Jo-Anne Pulsford

Jo-Anne Pulsford is an award winning recommended agent for Tennant Creek. They have 23 local sales and collected 8 local reviews across the last 12 months.