220 Bradshaw Drive, Gillen NT 0870
220 Bradshaw Drive, Gillen NT 0870
Vacant 1.01 ha TC-zoned land | Southern gateway to Alice Springs | MacDonnell Ranges views | Blank canvas for commercial or tourism use
The propertyโs competitive strength lies in its rare Tourist Commercial zoning on a full hectare at the southern entry to Alice Springs, a position that controls visibility and access from the Stuart Highway. This configuration suits a buyer seeking a development site for a hotel, medical centre, or mixed-use tourism project, where the panoramic range views and lack of flood or heritage overlays reduce pre-development friction. The existing 4G coverage and proximity to Gillen Primary School add practical appeal for a residential-commercial blend.
The annual rates of $18,617 signal ongoing holding cost that a buyer must factor into any phased development timeline, and the absence of structures means all capital goes into ground-up construction. The nearby house sale at $425,000 on 988 mยฒ is irrelevant here-this is a different product class. The opportunity is to acquire a gateway site with zoning flexibility that few other parcels in Alice Springs offer; the risk is a thin market for such scale, so a buyer should plan for a longer hold or secure a pre-commitment tenant before settlement.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Gillen presents as a pragmatic investment market within Alice Springs, characterised by high rental yields that attract investor activity, supported by a significant tenant population. Recent price trends have softened, with a modest decline observed across housing, while units face sharper corrections. The market is balanced by tight vacancy rates, yet growth is tempered by increasing housing supply and broader price sensitivity.