OFF MARKET

28-30 Whitby Street
Melrose SA 5483

Bedrooms: 12
Bathrooms: 6
Car spaces: -
Land area: 6389m2
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Property Details for 28-30 Whitby St, Melrose

28-30 Whitby St, Melrose is a 12 bedroom, 6 bathroom Unit and was built in 1975. The property has a land size of 6389m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
1975
Land Size
6389m2
Local Government
Mount Remarkable
Lot/Plan
A118/D69619

Last Listing description (March 2023)

Capitalise on the significant investment in tourism throughout the Southern Flinders Ranges and more particularly the beautiful Melrose township. Mount Remarkable is quickly establishing itself as a go to destination for hikers, walkers, mountain bike riders and caravaners looking to enjoy all this region has to offer.

The Melrose Holiday units are an opportunity to take advantage of the growth and increased demand for short term accommodation within the Southern Flinders region. The holiday units have been owned and operated by a local family and the time has come to retire.

The income generated has exceeded $100k per annum over the past 2 years with strong occupancy and all this has been through word of mouth with no advertising money spent! The units rent for $95 per night + $20 for each person exceeding 2.

The property is being sold as a going concern with operating figures available. The property presents as a block of 6 units (2 x 3 units) all being 2 bedroom units with open plan kitchen/living with a bathroom. The units have been extremely well maintained and have all been recently fitted with a new split system air-conditioner.

The units are of timber frame construction with treated pine exterior and have a 16 panel solar system feeding the grid. Outside is a detached laundry as well as a 6m x 9m* Colorbond shed with roller door access from Foot Street. Other improvements include a 90,000 Litre* rainwater tank which supply the units as well as being connected to mains water.

The property is being sold on a walk in walk out basis with all furniture included in the sale. All of this on a significant site area of 6,389sqm allowing for the possibility for further expansion STC.

Expressions of Interest Due 3pm Thursday 20th October 2022 Unless sold prior

Price Guide $600,000 - $650,000

CT5959/685

Council Rates 2022/23 - TBA

LGA - Mount Remarkable

Zoning - Township

* Denotes Approximate

RLA228106

Property Code: 8667

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Property History for 28-30 Whitby St, Melrose, SA 5483

A timeline of how this property has performed in the market
Last Sold
$600,000
03 Mar 2023
  • 03 Mar 2023
    Sold for $600,000
  • 24 Aug 2022
    Listed for Sale EOI $600,000 - $650,000

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About Melrose 5483

The size of Melrose is approximately 328.9 square kilometres. It has 2 parks covering nearly 11.1% of total area. The population of Melrose in 2011 was 406 people. By 2016 the population was 349 showing a population decline of 14.0% in the area during that time. The predominant age group in Melrose is 60-69 years. Households in Melrose are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melrose work in a managers occupation. In 2011, 81.5% of the homes in Melrose were owner-occupied compared with 83% in 2016.

Melrose has 366 properties. Over the last 5 years, Houses in Melrose have seen a 47.94% increase in median value. As at 31 August 2024:

  • The median value for Houses in Melrose is $255,436 while the median value for Units is $231,675.
There are currently no properties listed for sale, and no properties listed for rent in Melrose on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Melrose.

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