The subject property is a significant commercial property within Alice Springs. With the Mobil Service Station and BJ's Supermarket and Takeaway having been the core anchor tenants for over 20 years the complex has enjoyed a high occupancy rate with nine of the current 14 lease holders having been in occupation for over 10 years.

The complex enjoys a diverse mix of tenants most of which are long term local businesses. Businesses operating from this complex include Mobil, Tattsbet (TAB), Baby Bump, Health and Relaxation Centre, Alice Springs Family Day Care, Australian Dance Academy, Central Australian Toy Library, Kungka's Can Cook, Alice Springs Pest Control along with BJ's Supermarket and Takeaway, Mobil and Telstra.

One of the main features of Diarama Village is the abundance of car parking and the proximity of these to the tenancies. With 150 plus car parks with the current configuration all tenants are well served with the convenience for their customers to park close which is important with our climate.

Situated on 1 hectare, 5100m2 of prime commercial land in the heart of Alice Springs most highly populated suburbs, with 150m frontage to the high volume of passing traffic along Larapinta Drive and entry and egress at the eastern and western end of the site, this is a high profile site.

With gross rental income of approximately $420,000pa and net income in the vicinity of $370,000pa this is an outstanding investment opportunity with a return in excess of 10%, this coupled with the high occupancy rate makes this property a premium investment.

A full report is available on requested from Andrew Doyle on 0418 897 0...