18-19 Daranda TerraceMilang SA 5256
Property Details for 18-19 Daranda Tce, Milang
Last Listing description (April 2013)
Pier Hotel
Pier Hotel is well positioned in the heart of Milang with an outlook over the lake on the corner of Daranda Terrace and Lang Street.
> Character two storey hotel prominently sited in this popular River township
> 12 gaming machines
> First floor accommodation
> Current lease expires 31/1/17 with a further 2x5 year extensions available
> Current net rental of approx. $96,111.81p.a. plus GST
> Outstanding return on investment
Jones Lang LaSalle 1842
Steele & Associates Hotel Brokers RLA 181492
Property History for 18-19 Daranda Tce, Milang, SA 5256
- 12 Aug 2021Sold for $1,100,000
- 03 May 2013Sold for $885,000
- 13 Aug 2012Listed for Sale 950000
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About Milang 5256
The size of Milang is approximately 75.1 square kilometres. The population of Milang in 2011 was 882 people. By 2016 the population was 885 showing a population growth of 0.3% in the area during that time. The predominant age group in Milang is 60-69 years. Households in Milang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Milang work in a trades occupation. In 2011, 80.7% of the homes in Milang were owner-occupied compared with 81.3% in 2016.
Milang has 730 properties. Over the last 5 years, Houses in Milang have seen a 97.42% increase in median value. As at 28 February 2025:
- The median value for Houses in Milang is $559,360 while the median value for Units is $576,524.
- Houses have a median rent of $273.
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