SOLD
Sold on 01 May 2024 for $950,000

35 Gray Street
Mount Gambier SA 5290

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 354m2
Sold By
Green Triangle Real Estate
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Property Details for 35 Gray St, Mount Gambier

Building Type
Commercial
Land Size
354m2
Local Government
Mount Gambier
Lot/Plan
A91/F216674

Last Listing description (October 2024)

Green Triangle Real Estate is pleased to present for sale 35 Gray Street, Mount Gambier.

An opportunity to purchase a well- positioned commercial property, just off the main street of Mount Gambier in the absolute heart of the city.

Surrounded by many retail outlets, cafes, restaurants & accommodation and situated in an Urban Activity Centre Zone, this property offers a purchaser flexibility and a variety of opportunity.

The thoughtfully planned, stylishly presented 2 story layout provides 10 well- appointed office spaces, with a board room, kitchen facilities and amenities on each level. Other features include front & rear entrances, 5 personal carparks with access to a larger parking area, recent rewiring throughout with a newly fitted switch board, FTTB internet security, 2 data cables fitted to each individual office, phone lines and security cameras.

Investment Highlights
Fixed Term Lease to April 2024 with the opportunity to negotiate an extension with the current tenants.
Current Lease Agreement - $67,000 per annum including GST plus all outgoing expenses.
Conveniently located off Commercial Street West, Mount Gambier in the heart of the city, an access street to surrounding businesses.
Information regarding Urban Activity Centre Zone - Accommodates retail, office, community, civic, entertainment, educational, tourist and recreational land uses and activities. Medium to high density housing will be accommodated only on the upper floors of mixed-use buildings to ensure a high level of activity and interaction at street level. (opportunity for multi- purpose usage)
354m2
Two story layout
Privately owned car parking plus access to a larger parking area with front and rear entrances.
Well maintained building with character and modern facilities.

Don't miss this amazing commercial opportunity. Call today to organise an inspection, you will not be disappointed.

Property History for 35 Gray St, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$950,000
01 May 2024
Listed for Rent
$30k/w
07 Jun 2023
  • 01 May 2024
    Sold for $950,000
  • 10 Jan 2024
    Listed for Sale $929,000 - $959,000
  • 07 Jun 2023
    Listed for Rent $30,034 / year
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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 13,865 properties. Over the last 5 years, Houses in Mount Gambier have seen a 101.25% increase in median value, while Units have seen a 96.22% increase. As at 30 November 2024:

  • The median value for Houses in Mount Gambier is $464,512 while the median value for Units is $345,007.
  • Houses have a median rent of $440 while Units have a median rent of $300.
There are currently 110 properties listed for sale, and 53 properties listed for rent in Mount gambier on OnTheHouse. According to CoreLogic's data, 653 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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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.