Port Wakefield RoadLower Light SA 5501
Property Details for Lot 33 Port Wakefield Rd, Lower Light
Last Listing description (February 2014)
Lower Light Hotel - Lease - PRICE DROP
A profitable, easily run hotel on the ever more busy Port Wakefield Road.
The Lower Light Hotel is situated to take advantage of the quickly growing Adelaide Plains, Yorke Peninsular and the nearby seaside towns of Thompson's Beach and Port Parham. It is located only 42 km north of Adelaide and is one of the few hotels located on the very busy Port Wakefield Highway. With the new highway, the Adelaide Plains is rapidly becoming a centre for many industries and Lower Light is very central to this. The hotel is a good stop for travellers, the local farming and rapidly growing working communities as well as the developing coastal towns. The hotel has gaming, and neat Dining Room, beer garden, generous private accommodation and is located on a large landholding with plentiful shedding. This hotel has much potential for growth.
???Single story building
???Easily run main bar
???4 Gaming Machines
???Dining Room
???Beer Garden
???Licensed veranda
???Extensive private accommodation
???Well fenced with much shedding
???High volume of passing traffic 7,800 vehicles a day passing the door
???Profitable, easily run Hotel
???Much potential for further development
Property History for Lot 33 Port Wakefield Rd, Lower Light, SA 5501
- 01 Oct 2013Listed for Sale 245000 PLUS SAVING
- 31 May 2004Sold for $410,000
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About Lower Light 5501
The size of Lower Light is approximately 170.6 square kilometres. It has 3 parks covering nearly 0.6% of total area. The population of Lower Light in 2011 was 376 people. By 2016 the population was 179 showing a population decline of 52.4% in the area during that time. The predominant age group in Lower Light is 60-69 years. Households in Lower Light are primarily couples with children and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Lower Light work in a managers occupation. In 2011, 71.1% of the homes in Lower Light were owner-occupied compared with 85.5% in 2016..
Lower Light has 196 properties. Over the last 5 years, Houses in Lower Light have seen a 107.37% increase in median value. As at 31 October 2024:
- The median value for Houses in Lower Light is $864,412.
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