20-22 Commercial Street WMount Gambier SA 5290
Property Details for 20-22 Commercial St W, Mount Gambier
Last Listing description (April 2020)
Ray White Mount Gambier is proud to present for sale 20 - 22 Commercial Street West, Mount Gambier. This rare investment opportunity is located in the heart of Mount Gambier's CBD and shopping precinct.
This centrally located commercial property offers two tenanted premises. Tenant one Hot Bread Fresh Everyday' (20 Commercial Street West) has been a long-term tenant and has been leasing the premises since approximately 2012. Tenant two Henri Post Jewellers' (22 Commercial Street West) has also been a long-term tenant and has been leasing the premises since approximately 2005.
This superb investment offers; main street exposure with street frontage of approx. 9.8m, strong consistent investment returns and a rear private car park (approximately 5 car parks).
For further information or to arrange an inspection of the property please contact Sarah Barney or Tahlia Gabrielli from Ray White Mount Gambier (confidentially agreements will need to be signed and returned prior to information being released).RLA 291953
Additional Property Information:
Built / Age: Approx. 1940
Land Size: Approx. 524m2
Floor Area: Approx. 353m2
Property History for 20-22 Commercial St W, Mount Gambier, SA 5290
- 21 Apr 2020Sold for $700,000
- 11 Nov 2019Listed for Sale Highest and best offers by 31.01.20 (unless sold)
- 25 Apr 2018Listed for Sale FULLY LEASED COMMERCIAL PROPERTY
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0About Mount Gambier 5290
The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24% of total area. The population of Mount Gambier in 2011 was 24,905 people. By 2016 the population was 25,511 showing a population growth of 2.4% in the area during that time. The predominant age group in Mount Gambier is 0-9 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a trades occupation. In 2011, 61.7% of the homes in Mount Gambier were owner-occupied compared with 61.3% in 2016.
Mount Gambier has 13,844 properties. Over the last 5 years, Houses in Mount Gambier have seen a 98.97% increase in median value, while Units have seen a 88.86% increase. As at 28 February 2025:
- The median value for Houses in Mount Gambier is $466,563 while the median value for Units is $337,300.
- Houses have a median rent of $450 while Units have a median rent of $320.
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