SOLD
Sold on 17 Nov 2023 for $650,000

30 Margaret Street
Mount Gambier SA 5290

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 3m2
Land area: 1271m2
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Property Details for 30 Margaret St, Mount Gambier

Building Type
Commercial
Year Built
1980
Floor Size
3m2
Land Size
1271m2
Local Government
Mount Gambier
Lot/Plan
A213/F194015

Last Listing description (November 2023)

Welcome to 30 Margaret Street, Mount Gambier This right here, is an amazing opportunity to purchase one of Mount Gambier's most iconic properties within the CBD.

This versatile property sits on a generous allotment of approx. 1271m2 with an Urban Activity Centre zoning under the Plan SA Planning and Design Code to potentially bring your ideas and dreams to life! This flat, level allotment adjoins & overlooks the popular Railway Lands Precinct at the northern end of the property while also facing the recently developed Wulanda Recreation & Convention Centre at the Southern end on Margaret Street.

Current main entrance on Margaret street provides a wide entrance through sliding doors to a large open space that feature stunning original solid ceiling beams within the pitched ceiling plus two new reverse cycle units, updated downlighting, large skylight & updated electricals. An ideal office and/or kitchenette area adjoins this room and leads to the rear of the property also.

Features also include but are not limited to, two common toilet facilities, large warehouse with 10 x storage sheds ranging in size, workshop space with roller door, power, lighting, and concrete floor. Fully fenced and yard space plus the original iconic three level old Blue Lake Mill building on offer.

It's certainly rare to find property of this calibre with an untapped historic building to create something magical in such a sought after and thriving location!

Portions of this property are currently leased with further leasing options available to make this a suitable investment with huge future growth!

As per the Urban Activity Centre zoning under the Plan SA Planning and Design Code, permitted uses within this zone include shops, offices, entertainment, health,
education and recreation related uses and other businesses that provide a
comprehensive range of goods and services to the region. (S.T.C.C) Refer to Plan SA Planning and Design Code for further information.

For further information, contact Bianca Taylor 7 days on 0407 613 346

Additional Information:
- Original three storey building - 582m2 approx total lettable space - circa 1903
- Margaret street Retail / Office building - 254m2 approx - circa 150
- Warehouse / 10 x storage sheds - 345m2 approx
- Workshop - 127m2 approx - circa 1950
- Land Size - 1271m2 approx
- Frontage - 24.82m approx
- Depth - 54m approx

- Council Rates - Approx $4,484 per annum
- SA Water Rates - Approx $762 per annum
- ESL Rates - Approx $1,000 per annum

Helpful contacts
SA Heritage Conservation Architect - Gill Strickland // 8124 4922

Property History for 30 Margaret St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$650,000
17 Nov 2023
  • 17 Nov 2023
    Sold for $650,000
  • 12 May 2023
    Listed for Sale $649,000 - $699,000 + GST
  • 12 Apr 2016
    Sold for $490,000
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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 13,837 properties. Over the last 5 years, Houses in Mount Gambier have seen a 96.17% increase in median value, while Units have seen a 88.81% increase. As at 30 September 2024:

  • The median value for Houses in Mount Gambier is $452,216 while the median value for Units is $316,661.
  • Houses have a median rent of $430 while Units have a median rent of $300.
There are currently 86 properties listed for sale, and 49 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 677 properties were sold in the past 12 months in Mount gambier.

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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.