38 Princes HighwayMeningie SA 5264
Property Details for 38 Princes Hwy, Meningie
Last Listing description (August 2018)
Showing a 38% return, this 14 room recently refurbished motel has 21 years remaining on the lease and a mix of income streams with growth opportunity. - Mix of income streams - 14 room motel, small caf and laundrymat- Opportunity knocks located only 37 mins from the new 'Bend Motorsport Park'- Further growth thru extended caf trading hours- Perfect opportunity for first time operators- 3 bedroom manager's residence with private rear yard- Perfect for a hands-on coupleNB: Property inspections are by appointment only
Property History for 38 Princes Hwy, Meningie, SA 5264
- 20 Nov 2023Listed for Sale $385,000
- 09 Apr 2019Transferred
- 03 Jul 2018Listed for Sale $280,000
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0About Meningie 5264
The size of Meningie is approximately 375.5 square kilometres. It has 10 parks covering nearly 0.4% of total area. The population of Meningie in 2011 was 1,501 people. By 2016 the population was 1,123 showing a population decline of 25.2% in the area during that time. The predominant age group in Meningie is 60-69 years. Households in Meningie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Meningie work in a managers occupation. In 2011, 65.1% of the homes in Meningie were owner-occupied compared with 67.6% in 2016.
Meningie has 963 properties. Over the last 5 years, Houses in Meningie have seen a 111.16% increase in median value, while Units have seen a 175.52% increase. As at 31 October 2024:
- The median value for Houses in Meningie is $408,749 while the median value for Units is $560,212.
- Houses have a median rent of $275.
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