SOLD
Sold on 01 Aug 2024 for $1,045,000

61 Hutchinson Street
Mount Barker SA 5251

Bedrooms: -
Bathrooms: -
Car spaces: 7
Floor area: 167m2
Land area: 776m2
Save

Property Details for 61 Hutchinson St, Mount Barker

Building Type
Commercial
Year Built
1940
Floor Size
167m2
Land Size
776m2
Local Government
Mount Barker
Lot/Plan
A1/F18671

Last Listing description (May 2020)

DEVELOPMENT SITE WITH HOLDING INCOME

Prime future development site with existing commercial lease in place providing a useful holding income stream whilst plans and approvals can be secured for a longer term development. Occupying a highly visible corner position opposite Dan Murphys and the newly redeveloped Mount Barker Village shopping centre, the site is set to be a desirable business location for many years to come.


Currently leased to a small group of allied health practitioners, the building of approx. 96 sq.m is professionally presented internally, plus has the benefit of generous on-site parking provision for staff and customers. The accommodation is configured as a large reception area plus 4 offices, and a store room. Features include ducted air conditioning, carpeted throughout, x2 W/Cs (one with shower), store/print room plus large garage and adjoining shed.

The current lease provides a basic level of rental income, and whilst not at a level that will interest investors simply looking to hold the site as is long term, it will assist with covering holding costs for a developer purchaser. The current lease expires 11-Jan-20 and thereafter a 1+2+2 year lease is proposed, subject to redevelopment clauses. Outgoings are additionally on-charged.

The site extends to approximately 773 sqm. It is fairly level and features two driveway entrances.
Frontage to Hutchinson Street is approx. 30m. Frontage to Victoria Crescent is approximately 20m

Zoned Regional Town Centre, Policy Area 5 Business & Retail Core. Further information can be obtained from Mount Barker District Council.

The site is held on a Torrens Title.

Offered for sale for $700,000 (plus GST if applicable at the time of sale).

For further information, or to arrange an inspection, please contact Commercial Property and Business Sales specialists, VENTURE COMMERCIAL RLA 251076:

Nigel Grivell 0414 257 999
Harry Sanders 0431 057 346

Property History for 61 Hutchinson St, Mount Barker, SA 5251

A timeline of how this property has performed in the market
Last Sold
$1,045,000
01 Aug 2024
Listed for Rent
$479/w
07 Feb 2018
  • 01 Aug 2024
    Sold for $1,045,000
  • 08 Apr 2020
    Sold for $700,000
  • 06 Feb 2020
    Transferred
Sign in to see more transactions

Commute Calculator

About Mount Barker 5251

The size of Mount Barker is approximately 37.9 square kilometres. It has 37 parks covering nearly 6.9% of total area. The population of Mount Barker in 2011 was 11,808 people. By 2016 the population was 13,836 showing a population growth of 17.2% in the area during that time. The predominant age group in Mount Barker is 0-9 years. Households in Mount Barker are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Barker work in a professional occupation. In 2011, 63% of the homes in Mount Barker were owner-occupied compared with 61.9% in 2016.

Mount Barker has 11,804 properties. Over the last 5 years, Houses in Mount Barker have seen a 77.07% increase in median value, while Units have seen a 99.35% increase. As at 30 November 2024:

  • The median value for Houses in Mount Barker is $751,447 while the median value for Units is $543,553.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 78 properties listed for sale, and 22 properties listed for rent in Mount barker on OnTheHouse. According to CoreLogic's data, 1000 properties were sold in the past 12 months in Mount barker.

Suburb Insights for Mount Barker 5251

Market Insights
Mount Barker Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mount Barker Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.