59 Mount Gambier RoadMillicent SA 5280
Property Details for 59 Mount Gambier Rd, Millicent
Last Listing description (November 2020)
BUILDING PREMISES AND LAND
Situated in an excellent position on a busy main road this property has great potential with either retail, office or warehouse.
At present tenanted rent return is approx. 7.20%.
- Workshop 15m x 5.5m with w/c.
- 3 bay colour bond storage shed, concrete floor, small separate room with
access door.
- Fully cemented with 3 phase power.
- Off street parking &fully enclosed yard.
- Allotment size is approx. 1464m2
- Excellent long term tenant
An ideal investment, not one to missed be sure to contact us for further information.
Property History for 59 Mount Gambier Rd, Millicent, SA 5280
- 10 Sep 2020Sold for $288,750
- 24 Jun 2019Listed for Sale $289,000
- 15 Sep 2017Listed for Sale Not Disclosed
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About Millicent 5280
The size of Millicent is approximately 155.6 square kilometres. It has 28 parks covering nearly 0.7% of total area. The population of Millicent in 2011 was 5,025 people. By 2016 the population was 5,112 showing a population growth of 1.7% in the area during that time. The predominant age group in Millicent is 50-59 years. Households in Millicent are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millicent work in a labourer occupation. In 2011, 70.3% of the homes in Millicent were owner-occupied compared with 70.1% in 2016.
Millicent has 3,318 properties. Over the last 5 years, Houses in Millicent have seen a 117.20% increase in median value, while Units have seen a 57.88% increase. As at 31 October 2024:
- The median value for Houses in Millicent is $342,010 while the median value for Units is $269,022.
- Houses have a median rent of $320 while Units have a median rent of $190.
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