OFF MARKET

69 Gilbruc Road
Mingbool SA 5291

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1143000m2
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Property Details for 69 Gilbruc Rd, Mingbool

Building Type
Rural
Land Size
1143000m2
Local Government
Grant
Lot/Plan
A2/F11261

Last Listing description (February 2016)

'Gilbruc' is located in the well sort after area of Mingbool only minutes from the regional centre of Mt Gambier. Being sold as 3 non-contingent lots ranging from 190 to 300 acres it provides an opportunity for all to purchase some of the prime grazing country of the area. The property is going to Auction on the 4th of December 2015 at the Commodore on the park.
Property Location
14kms North of Mount Gambier off O'Neil Road. Mount Gambier is 430kms West of Melbourne and 435kms from Adelaide in the Limestone Coast South East of South Australia. The Limestone Coast is a reliable grazing area with an abundant under ground water resource, giving it a secure livestock and horticulture industry.

The property is surrounded by other grazing properties and many dairies. The area is also renowned for its forestry industry.
Lot 1 - 114 Hectares - 281.69 Acres.
- 3 Stand Raised Board Shearing Shed
- Machinery Shed
- Timber/Mesh Sheep Yards
- Cattle Yards
- 6 main paddocks
- Windmill/Bore
- Subject to ETSA Easement
Lot 2 - 123.1 Hectares - 304.18 Acres
- 5 paddocks
- Double road frontage (access off Pearson Road)
- Windmill for stock water
- 12 Month agreement to retain supply for two troughs from lot 3.
- Subject to ETSA Easement
- Fence realignment at South West Corner.
Lot 3 - 78.35 Hectares - 193.60 Acres
- 2 main paddocks
- Mining Lease - See attached.
- Windmill for stock water
- Access off Pearson Road
- 12-month agreement to supply water to lot 2.
- Subject to ETSA Easement
Auction Terms/Conditions
Location : Commodore on the Park
Time : 3pm
Deposit: 10% on the fall of the hammer
Settlement: 60 Days from date of Auction being the 5th of February 2015
Property Code: 404213050

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Property History for 69 Gilbruc Rd, Mingbool, SA 5291

A timeline of how this property has performed in the market
Last Sold
$1,460,000
27 Jan 2016
  • 27 Jan 2016
    Sold for $1,460,000
  • 13 Oct 2015
    Listed for Sale AUCTION

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About Mingbool 5291

The size of Mingbool is approximately 138 square kilometres. It has 1 park. The population of Mingbool in 2011 was 241 people. By 2016 the population was 120 showing a population decline of 50.2% in the area during that time. The predominant age group in Mingbool is 10-19 years. Households in Mingbool are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mingbool work in a managers occupation. In 2011, 77.2% of the homes in Mingbool were owner-occupied compared with 76.2% in 2016..

Mingbool has 141 properties. Over the last 5 years, Houses in Mingbool have seen a 54.46% increase in median value. As at 31 August 2024:

  • The median value for Houses in Mingbool is $619,412.
There are currently 1 property listed for sale, and 1 property listed for rent in Mingbool on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Mingbool.

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