1/1A Giles Street

Situated in the highly desirable East Side precinct, this outstanding property has been cleverly designed to offer two fully self-contained, modern residences on one title - an investment opportunity that's hard to beat. Currently, the front unit is leased at $535 p/w until 19/06/26, while the rear unit is leased at $500 p/w until 07/11/25. Together, they generate an impressive rental income of approximately $52,375 p/a - offering an attractive gross return of around 8.75% for the astute investor. The front dwelling is an immaculate 2-bedroom, 1-bathroom unit featuring a fresh modern interior, quality finishes, and low-maintenance appeal. The rear dwelling is also a stylish 2-bedroom, 1-bathroom home, boasting a spacious open-plan design, generous outdoor entertaining space, and a great yard for added versatility. Both units are tiled throughout, feature reverse cycle air conditioning for year-round comfort, and are fitted with Vis-guard security screens for added peace of mind. Solar power helps keep running costs down - a smart bonus for both tenants and landlords. East Side remains one of Alice Springs most popular residential areas, known for its peaceful tree-lined streets, proximity to schools, parks, shops, and its easy access to the CBD. Properties here enjoy high demand, ensuring strong rental yields and capital growth potential. Whether you're expanding your portfolio or seeking a high-performing investment in a blue-chip location, this dual-dwelling gem is ready to reward you from day one. Call Lindsay to find out more and book an inspection. ________________________________________