OFF MARKET

18-19 Daranda Terrace
Milang SA 5256

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2646m2
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Property Details for 18-19 Daranda Tce, Milang

Building Type
Commercial
Land Size
2646m2
Local Government
Alexandrina
Lot/Plan
A169/D92616

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

> Good bar and dining facilities
> 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

A timeline of how this property has performed in the market
Last Sold
$1,100,000
12 Aug 2021
  • 12 Aug 2021
    Sold for $1,100,000
  • 03 May 2013
    Sold for $885,000
  • 13 Aug 2012
    Listed 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 728 properties. Over the last 5 years, Houses in Milang have seen a 107.31% increase in median value. As at 30 November 2024:

  • The median value for Houses in Milang is $551,364 while the median value for Units is $618,626.
  • Houses have a median rent of $273.
There are currently 8 properties listed for sale, and no properties listed for rent in Milang on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Milang.

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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.