5/20 Leichhardt Terrace, Alice Springs NT 0870

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 1 • Bathrooms: 1

Description: Excellent investment opportunity to start your property portfolio or strengthen an existing one. This well-presented 1-bedroom ground floor unit is currently rented at $350 per week on a long-term lease expiring in March 2027, providing immediate and secure rental income. The unit offers spacious open plan living with a practical and functional layout, making it comfortable and easy to maintain. Positioned within a popular and tightly held complex on the edge of the CBD, the property is within easy walking distance to the Alice Springs Hospital, sporting facilities, and a wide range of cafes, restaurants, and lifestyle amenities. Demand in this complex is extremely strong, with vacancy rates currently at zero, highlighting the ongoing rental appeal of the location. The complex is fully gated with electric gates, offering added security and peace of mind for residents. With a strong gross return of approximately 8.08 percent, low maintenance living, and a long lease already in place, this property represents an excellent opportunity in a high demand area. Call Ianne today to arrange an inspection on 0407 864 656. Rent: $350 per week Gross ROI: 8.08% Lease Expiry: 11.3.2027 Body Corp Fees: $1092 per quarter Council Rates: $2136.56 per annum Area: 68 sq metres