OFF MARKET

10 Railway Terrace
Lock SA 5633

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2207m2
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Property Details for 10 Railway Tce, Lock

Building Type
Commercial
Year Built
1932
Land Size
2207m2
Local Government
Elliston
Lot/Plan
A5/F112890

Last Listing description (November 2018)

1932 built stone building with galvanised roof on approx 2,207m2 on two freehold titles. Comprising front bar with 2 beer keg connections, stainless steel bar equipment and fittings, adjoining office plus cool room in enclosed side verandah, lounge/dining room and commercial kitchen plus mens and ladies restrooms. Included are 12 sets of dining tables and chairs, pool table and billiard table.
At the end of the hotel building are 4 adjoining rooms plus dining room, basic bathroom and toilet in need of repair.
Outside at the rear of the hotel premises are 6 solid brick accommodation units circa 1960's which include a total of 5 double beds, 3 refrigerated air conditioners, 2 wall heaters, 6 small TV's and 6 bar fridges. There is an old double garage/shed with open front and earthen floor suitable for storage.

This is an opportunity to renovate and improve this well known landmark and would suit a couple or syndicate of investors.
Realistically priced at $110,000 plus GST = $121,000
For further details and an appointment to inspect contact Braydn Sampson 0429 886330.

Property History for 10 Railway Tce, Lock, SA 5633

A timeline of how this property has performed in the market
Last Sold
$180,000
05 Jul 2022
  • 05 Jul 2022
    Sold for $180,000
  • 16 Nov 2018
    Sold for $77,000
  • 26 Jul 2018
    Listed for Sale $121,000
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About Lock 5633

The size of Lock is approximately 637 square kilometres. It has 4 parks covering nearly 1% of total area. The population of Lock in 2011 was 435 people. By 2016 the population was 266 showing a population decline of 38.9% in the area during that time. The predominant age group in Lock is 50-59 years. Households in Lock are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Lock work in a managers occupation. In 2011, 69.3% of the homes in Lock were owner-occupied compared with 83.2% in 2016.

Lock has 260 properties. Over the last 5 years, Houses in Lock have seen a 133.72% increase in median value. As at 30 November 2024:

  • The median value for Houses in Lock is $194,253 while the median value for Units is $428,030.
There are currently 2 properties listed for sale, and 1 property listed for rent in Lock on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Lock.

Suburb Insights for Lock 5633

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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.