31 Meyers Street, Tennant Creek NT 0860

Government tenant locked in | 671m² with 336m² building | 8 car spaces including garage and carport | Tennant Creek investment play The property’s strongest buying case is the headlease to the NT Government at $400 per week, which gives a buyer near-certain rental income with zero vacancy risk and minimal management burden. The large building footprint at 50% site coverage and generous parking capacity are rare in this price bracket, making the house unusually suited for both government use and future owner-occupier appeal. It best serves an investor seeking a passive, low-touch holding in a remote market where tenant demand is driven by government employment. The key risk is the 2009 last sale date and limited recent transaction data, meaning the buyer has little local price history to benchmark against. The property’s age and wood panelling may require capital for upgrades if the government lease ends, and the remote location limits resale liquidity. The commercial logic is to hold for the lease term and collect the yield, then reassess the market at expiry. Use it as a locked-in rental income stream with no active management required.