42 Railway TerraceCummins SA 5631
Property Details for 42 Railway Tce, Cummins
Last Listing description (February 2023)
Located in the thriving community of Cummins on the Lower Eyre Peninsula, this is a rare opportunity to purchase a long established and successful business.
Owned and operated by the current owners for the past 3 years, this business has been rejuvenated both in an operating sense and the building itself.
The business is an independent supermarket operating under the well-respected IGA banner. Since the current owners have taken over the business they have put in thousands of hours and dollars into bringing the business back up to a high standard. Their attention to detail, an understanding of the local market and astute buying has allowed for competitive pricing of goods to compete with supermarkets in larger regional areas.
This business is centrally located in the heart of Cummins with ample street parking. The position of the business means it collects plenty of patronage from locals and visitors alike.
For further information contact David Guidera today.
Property History for 42 Railway Tce, Cummins, SA 5631
- 17 Jan 2023Sold for $700,000
- 17 Nov 2021Listed for Sale Price on Application
- 19 Oct 2020Sold for $625,000
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0About Cummins 5631
The size of Cummins is approximately 519 square kilometres. It has 6 parks covering nearly 0.1% of total area. The population of Cummins in 2011 was 1,045 people. By 2016 the population was 962 showing a population decline of 7.9% in the area during that time. The predominant age group in Cummins is 0-9 years. Households in Cummins are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cummins work in a managers occupation. In 2011, 70.1% of the homes in Cummins were owner-occupied compared with 72% in 2016.
Cummins has 632 properties. Over the last 5 years, Houses in Cummins have seen a 84.24% increase in median value. As at 31 October 2024:
- The median value for Houses in Cummins is $364,632 while the median value for Units is $267,468.
- Houses have a median rent of $235.
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