SOLD
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Sold on 08 Jul 2024 - Price Unavailable

7 Fourth Street
Morgan SA 5320

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 232m2
Land area: 1100m2
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Property Details for 7 Fourth St, Morgan

Building Type
Commercial
Floor Size
232m2
Land Size
1100m2
Local Government
Mid Murray
Lot/Plan
A181/T120701

Last Listing description (July 2024)

• Iconic bakery business running for over 50 years
• Well established retail and wholesale markets
• Freehold Bake House, retail shop & four-bedroom residence

• Fantastic returns with the potential to grow
• Fully equipped, ready to move in & make some dough
• Fabulous tourism & river shack location
• Situated on the main street & traveller's thoroughfare

This is an award-winning and established bakery located in the iconic and stunning town of Morgan, which is currently run by a passionate husband & wife team. The hand-craft bakery offers a wide range of cakes, pastries, bread, freshly made sandwiches, coffee, drinks and much more with a broad customer base including established local customers both retail and wholesale alike, plus a steady stream of travellers and holidaymakers.
Marr's Bakery Morgan could be the perfect opportunity for a passionate baker/pastry chef or energetic family to not only take the plunge and be their own boss but an amazing opportunity for beautiful river change. This freehold business premise, establish business and four-bedroom home are all nestled on a generous 1000m2 allotment providing you with the endless potential for growth, is already showing great profits and is currently only being open between 8am to 2.30pm daily. Simply imagine what could be achieved.
The current owners boast over twenty years of running and nurturing this business, and have set their sights on retirement and finally hanging up their apron and baker's hat.
Will you be the next success story?!

RLA - 315295

Property History for 7 Fourth St, Morgan, SA 5320

A timeline of how this property has performed in the market
Last Sold
08 Jul 2024
  • 08 Jul 2024
    Sold for $300,000
  • 24 Mar 2024
    Listed for Sale Contact Agent
  • 10 May 2023
    Listed for Sale Contact Agent
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About Morgan 5320

The size of Morgan is approximately 172.5 square kilometres. It has 11 parks covering nearly 0.7% of total area. The population of Morgan in 2011 was 611 people. By 2016 the population was 483 showing a population decline of 20.9% in the area during that time. The predominant age group in Morgan is 60-69 years. Households in Morgan are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Morgan work in a labourer occupation. In 2011, 76.9% of the homes in Morgan were owner-occupied compared with 75.4% in 2016.

Morgan has 745 properties. Over the last 5 years, Houses in Morgan have seen a 99.63% increase in median value, while Units have seen a -29.85% decrease. As at 31 October 2024:

  • The median value for Houses in Morgan is $243,718 while the median value for Units is $509,289.
There are currently 3 properties listed for sale, and no properties listed for rent in Morgan on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Morgan.

Suburb Insights for Morgan 5320

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Contact agent
Darrin Trandafil
Show contact details
Ray White Riverland
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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.