OFF MARKET

62 Bruce Terrace
Cummins SA 5631

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3m2
Land area: 832m2
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Property Details for 62 Bruce Tce, Cummins

Building Type
Commercial
Year Built
1940
Floor Size
3m2
Land Size
832m2
Local Government
Lower Eyre Peninsula
Lot/Plan
A108/F180140

Last Listing description (September 2023)

Located in the Hub of Cummins township on the main Tod Highway, just 64 kilometres from Port Lincoln. Excellent profitable business attracting locals and the travelling public. Easy access for local customers as it is walking distance from all the towns facilities. The shop and attached 3 bedroom residence has been renovated during the past 10 years. Purchasers need no real experience or qualifications, just a positive outlook, good personality, be fast, clean, fresh and friendly with good customer service. Lessees experience a good even flow of trade all year round, averaging over 300 sales a day and takings of around $35,000 per week. Busiest periods are during harvest, sporting events and power outages. The shops renovations included an extra dining area, new shop front floor tiles, tinted windows, new fryer, 7 door glass drinks fridge with cool room storage behind, walk in freezer, counters, glass display warmers and well set out shop and display areas for customers, even a wall TV to entertain customers whilst they wait and a new mezzanine floor installed in the rear shed for extra storage. All plant, fittings and equipment are included within the sale, including a 2006 Ford Courier tray top Ute, fitted with canopy used for a mobile delivery deli to visit various work sites and sporting events around the town. A huge 6 cylinder Hino truck motor drives the Generator which will run the entire shop and residence, when the need arises. A Fuel bowser is an extra source of income for the business. The business sale is basically walk in, walk out. Please note this sale only includes the Business Sale/Lease, not the freehold. Existing lease expires 2048, Lessees only selling due to declining health. Contact the Agent for further details, arrange an inspection or to request the financials following the signing of a non-disclosure statement.

Property History for 62 Bruce Tce, Cummins, SA 5631

A timeline of how this property has performed in the market
Last Sold
$400,000
16 Nov 2018
  • 19 Jun 2023
    Listed for Sale Contact Agent
  • 16 Nov 2018
    Sold for $400,000
  • 16 Feb 2018
    Listed for Sale $640,000
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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 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.
There are currently 7 properties listed for sale, and no properties 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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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.