SOLD
RECENT ADVICE
Sold on 09 Sep 2024 for $250,000

58 Bruce Terrace
Cummins SA 5631

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 120m2
Land area: 358m2
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Property Details for 58 Bruce Tce, Cummins

Building Type
Commercial
Floor Size
120m2
Land Size
358m2
Local Government
Lower Eyre Peninsula
Lot/Plan
A114/F180146

Last Listing description (September 2024)

Welcome to a prime commercial opportunity nestled in the heart of Cummins!

This versatile dual purpose property investment promises exceptional exposure and is surrounded by a thriving community of well established businesses.

At the forefront of this unique offering stands a strategically designed office/retail building boasting contemporary architecture and a welcoming facade. The commercial space features retail display areas and two well-appointed offices, each equipped with ceiling fans and reverse cycle air conditioning for year-round comfort. The reception area exudes professionalism, complemented by polished floorboards that seamlessly lead through the entire commercial space. Currently, this commercial gem is fully tenanted on a fixed lease, generating a steady income of $766.40 per month.

Adding to the allure of this investment is the residential component at the rear of the property. A charming 2 bedroom residence, currently leased on a fixed agreement for $240 per week, ensures a dual income stream. The residence is thoughtfully designed with a practical layout and offers a comfortable and private living space.

The landscaped grounds surrounding the property are designed for low maintenance, allowing for a polished presentation without the hassle. A garden shed enhances functionality, providing additional storage space to meet various needs.

This unique commercial property presents an outstanding opportunity for investors seeking a stable and lucrative venture. With fully tenanted spaces and a strategic location surrounded by thriving businesses, this is an investment that combines functionality with financial return.

Don't miss your chance to secure a prime position in the heart of Cummins.

Contact Carl Semmler or Jaclyn Hage for further details!

*All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, boundary overlays, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Property History for 58 Bruce Tce, Cummins, SA 5631

A timeline of how this property has performed in the market
Last Sold
$250,000
09 Sep 2024
Listed for Rent
$12k/w
18 Sep 2023
  • 13 Sep 2024
    Sold for $250,000
  • 26 Jun 2024
    Transferred
  • 27 Nov 2023
    Listed for Sale $249,000
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About 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 633 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.
There are currently 6 properties listed for sale, and 1 property listed for rent in Cummins on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Cummins.

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Contact agent
Carl Semmler
Show contact details
Jaclyn Hage
Show contact details
Kemp Real Estate RLA1292 - Port Lincoln
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.