OFF MARKET

6 Railway Terrace
Lock SA 5633

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1005m2
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Property Details for 6 Railway Tce, Lock

Building Type
Commercial
Land Size
1005m2
Local Government
Elliston
Lot/Plan
A33/T551001

Last Listing description (April 2018)

The Supermarket is centrally located in the main street of Lock with ample parking at the front and side of the shop. Open every week day and Saturday mornings the shop receives support from local residents, sporting clubs, community organisations and the travelling public. Fruit and Vegetables are delivered fresh every Tuesday and Friday with the main groceries also arriving on a Tuesday. Customers enjoy weekly Specials. Solar panels have been installed in the past few years, reducing power costs by thousands of dollars. West Coast Security are engaged to monitor the in-store security system, includes sensor cameras and temperature control of the fridges and freezers to secure they are working efficiently. Power outages are covered with a huge 75KVA Generator which can automatically switch over when necessary. As an added bonus to the business one side of the premises has been set up as a cafe where customers can sit down at the supplied tables and chairs or relax in comfortable Lounges after their grocery shop or just call in and have a coffee and lunch with friends or order a takeaway, either way it caters for everyone. Excellent time to purchase this business with the recent announce from the SA Government giving the Iron Road Project at Warramboo the green light. Stock at hand is estimated at $100,000 which is not included in the advertised price. Please note it is only the Business that is for sale, not the Freehold.

Property History for 6 Railway Tce, Lock, SA 5633

A timeline of how this property has performed in the market
  • 26 May 2017
    Listed for Sale $280,000

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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.