10 Cowan StreetGawler SA 5118
Property Details for 10 Cowan St, Gawler
Last Listing description (June 2022)
JLL is pleased to present the freehold of the 'Old Bushman Hotel', 10 Cowan Street, Gawler For Sale by Expression of Interest.
Dominating Cowan Street, the hotel comprises a beautiful two storey building with large bitumen sealed car park situated on a corner site of some 1,946* sqm.
Enjoying access from Cowan Street and Light Square, the property is superbly located in easy walking distance of Gawler's main street, the Woolworths' shopping centre, and nearby Coles anchored Gawler Central Shopping Centre.
Securely leased to a long-term tenant the lease has recently been renewed for a further 4 years commencing July 2022 with an additional 4-year option.
We highlight the key property features below:
4 + 4 year lease from July 2022
Current net income of $118,610* pa
Corner site of 1,946sqm*
16 gaming machine entitlements
Adjoining new medical centre under construction
This is a unique opportunity for investors seeking the security of a relatively long-term net lease near the Barossa Valley and Adelaide CBD via the new Northern Expressway.
The property is offered For Sale by Expression of Interest closing Thursday 16 June 2022 at 4pm.
For more information or to arrange an inspection, please contact exclusive selling agent JLL.
*Approx
Property History for 10 Cowan St, Gawler, SA 5118
- 10 May 2023Sold for $2,620,000
- 22 Aug 2022Sold for $2,350,000
- 22 Aug 2022Sold for $2,350,000
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0About Gawler 5118
The size of Gawler is approximately 1.1 square kilometres. It has 12 parks covering nearly 36.7% of total area. The population of Gawler in 2011 was 688 people. By 2016 the population was 661 showing a population decline of 3.9% in the area during that time. The predominant age group in Gawler is 50-59 years. Households in Gawler are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gawler work in a professional occupation. In 2011, 53.5% of the homes in Gawler were owner-occupied compared with 54.1% in 2016.
Gawler has 581 properties. Over the last 5 years, Houses in Gawler have seen a 110.55% increase in median value, while Units have seen a 101.42% increase. As at 31 August 2024:
- The median value for Houses in Gawler is $565,775 while the median value for Units is $410,470.
- Houses have a median rent of $313 while Units have a median rent of $245.
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