61 Hutchinson StreetMount Barker SA 5251
Property Details for 61 Hutchinson St, Mount Barker
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
- 01 Aug 2024Sold for $1,045,000
- 08 Apr 2020Sold for $700,000
- 06 Feb 2020Transferred
Commute Calculator
Recent sales nearby
See more recent sales nearby
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 11,742 properties. Over the last 5 years, Houses in Mount Barker have seen a 73.48% increase in median value, while Units have seen a 100.82% increase. As at 31 October 2024:
- The median value for Houses in Mount Barker is $734,469 while the median value for Units is $540,476.
- Houses have a median rent of $550 while Units have a median rent of $500.
Suburb Insights for Mount Barker 5251
Market Insights
Mount Barker Trends for Houses
N/A
N/A
View TrendN/A
N/A
Mount Barker Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
