SOLD
Sold on 25 Oct 2024 for $370,000

214 Commercial Street W
Mount Gambier SA 5290

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 303m2
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Property Details for 214 Commercial St W, Mount Gambier

Building Type
Commercial
Year Built
1950
Land Size
303m2
Local Government
Mount Gambier
Lot/Plan
A2/F2453

Last Listing description (September 2024)

Jason Malseed is pleased to present for Sale this Commercial property at 214 Commercial Street West. Situated on the main street of Mount Gambier.
This commercial property presents itself with a high-profile frontage in a great location neighbouring other businesses.

This commercial property is perfect for a range of uses.

Features to note include:
- Retail Space at the front of the property
- Approx 306m2 allotment with 190m2 (approx) floor area
- R/C ducted air conditioning throughout
- Kitchen + additional kitchenette
- Large bathroom
- Plumbing for Laundry at rear
- Double gated rear yard non-restricted access
- Currently used for Beauty Therapy but the options are endless!

Particulars:
Zoning: Local Activity Centre - LAC
Rates $577.00 per quarter (approx)
Water Supply $74.20 per quarter (approx)
Sewerage Costs $94.64 per quarter (approx)

Start your business / lease out or purchase for investment.
If you have any other questions, don't hesitate to contact Malseeds Real Estate.

Property History for 214 Commercial St W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$370,000
25 Oct 2024
  • 25 Oct 2024
    Sold for $370,000
  • 03 Apr 2024
    Listed for Sale $395,000 - $425,000
  • 09 Jul 2015
    Listed for Sale $245,000
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About 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 13,862 properties. Over the last 5 years, Houses in Mount Gambier have seen a 97.34% increase in median value, while Units have seen a 89.37% increase. As at 31 October 2024:

  • The median value for Houses in Mount Gambier is $456,548 while the median value for Units is $332,955.
  • Houses have a median rent of $430 while Units have a median rent of $305.
There are currently 101 properties listed for sale, and 55 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 680 properties were sold in the past 12 months in Mount gambier.

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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.