Housing and short-term commercial accommodation
In Tennant Creek, there is a significant shortage of accommodation (commercial, short-term and social/affordable housing).
Accommodation demand has been largely driven by industry projects, as well as government employees and tourists driving through.
There are consistently high occupancy rates for commercial accommodation providers, and this is expected to increase further particularly with planned and committed projects across agriculture, mining and renewables over the next 10 years.
There is a land parcel of approximately 24,000m2 available for housing development in Tennant Creek, strategically located near the Purkiss Reserve and close to the main street.
There is an additional opportunity to purchase an adjacent land parcel which includes the council facilities (council chambers, office spaces, and a library) totalling approximately 36,500m2.
Acquiring this space for short term commercial accommodation will provide additional frontage on Peko Road, ideal to capture caravan and motorhome demand.
The Peko Road site is less than a kilometre from the Tennant Creek Visitor Information Centre and in close proximity to shops, town pool and the show grounds which represents an ideal location for tourists, local employees and short-term stays.
- Investment type: Full Ownership
- Status: Under Feasibility
- Region: Barkly
- Sectors: Short-term Accommodation, Commercial Accommodation, Hospitality
- Project value: Varied
- Presented to market by: Barkly Regional Council
Download the Tennant Creek housing and short-term commercial accommodation investment opportunity flyer PDF (188.3 KB).
Disclaimer
This investment opportunity is brought to market by an external proponent. The Northern Territory of Australia exercised due care and skill to ensure that at the time of publication the information contained in this publication is true and correct. However, it is not intended to be relied on as professional advice or used for commercial purposes. Australia's Northern Territory gives no warranty or assurances as to the accuracy of the information contained in the publication and to the maximum extent permitted by law accepts no direct or indirect liability for reliance on its content.