SOLD
Sold on 30 Apr 2024 for $660,000

7 Peters Terrace
Mount Compass SA 5210

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1370m2
Sold By
Ouwens Casserly Real Estate Adelaide RLA 275403
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Property Details for 7 Peters Tce, Mount Compass

Building Type
Commercial
Land Size
1370m2
Local Government
Alexandrina
Lot/Plan
A1/D18108

Last Listing description (May 2024)

Another property sold. Please contact Nick or John for all your property advice.

High exposure 1370sqm investment site
Commercial investment or owner occupier opportunity, previously hardware store, offered as vacant possession. Set on a huge 1370sqm site with over 32m frontage. Improvements include 270sqm or 30 x 9m high clearance showroom with amenities, excellent fencing, parking areas, and dual access.

Mount Compass township serves as a vital drive-through connection between Adelaide and Victor Harbor, with an estimated 11,000 cars passing through daily. This steady stream of traffic presents an excellent opportunity for business exposure. Peters Terrace is set just 34m back and parallel from Victor Harbour Road, making this site ideal to service both local and passing trade clients

Zoning is Township Main Street (TMS), suggested uses subject to council consent include microbrewery, distillery, cafe, restaurant, retail, workshop, garden centre, or warehouse living conversion combined with work from home space, or a straight out investment

What we love about the property:
- 1370sqm site with just over 32m frontage
- No easements, clear torrens title
- Dual access, either side of showroom
- High security fencing and alarm system
- 30 x 9m high clearance showroom/workshop
- Double glass entry doors plus 2 sets double sliding doors
- 2 Separate toilets with hand basins
- Lunchroom/ office/ kitchennete with sink and hot water service
- Plenty of lights and power points throughout
- Trading counter
- Showroom divider
- Evaporative air conditioner with dual outlets, plus whirly gig air extraction on roof

Services:
- Mains power including 3 phase
- Mains water
- Air conditioning
- Local Government description for site is Commercial - Shop

Location;
- Right in the heart of Mount Compass township with IGA, butcher, bakery, post office, medical clinic and P-12 School
- 12 minutes drive to historic Willunga township
- 16 minutes to some of the Fleurieu's best beaches
- 18 minutes to McLaren Vale restaurants, cellar doors and cafe's
- 22 minutes to Victor Harbor
- 1 hour to Adelaide City

What an opportunity to join the vibrant Mount Compass business community in this thriving and growing township. Name your enterprise, or lease, it's up to you. Come and check it out, you're gonna love it.

Certificate of Title - 5161/311
Council - Alexandrina
Zoning - TMS - Township Main Street
Local Government description for site is Commercial - Shop
Year Built - 1987/2002
Land Size - 1370m2
Total Build area - 270sqm
Council Rates - $1,481.60 pa
SA Water Rates - $74.20 pq
Emergency Services Levy - $237.50 pa

All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice.

OUWENS CASSERLY - MAKE IT HAPPEN
RLA 275403

Property History for 7 Peters Tce, Mount Compass, SA 5210

A timeline of how this property has performed in the market
Last Sold
$660,000
30 Apr 2024
  • 30 Apr 2024
    Sold for $660,000
  • 26 Feb 2024
    Listed for Sale $599k
  • 27 Jan 1994
    Sold for $115,000

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About Mount Compass 5210

The size of Mount Compass is approximately 44.8 square kilometres. It has 9 parks covering nearly 3.4% of total area. The population of Mount Compass in 2011 was 1,731 people. By 2016 the population was 1,446 showing a population decline of 16.5% in the area during that time. The predominant age group in Mount Compass is 50-59 years. Households in Mount Compass are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Compass work in a trades occupation. In 2011, 85.8% of the homes in Mount Compass were owner-occupied compared with 82.4% in 2016.

Mount Compass has 823 properties. Over the last 5 years, Houses in Mount Compass have seen a 81.25% increase in median value, while Units have seen a 87.83% increase. As at 31 October 2024:

  • The median value for Houses in Mount Compass is $775,964 while the median value for Units is $219,206.
  • Houses have a median rent of $395.
There are currently 5 properties listed for sale, and no properties listed for rent in Mount compass on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Mount compass.

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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.