124 Melrose StreetMount Pleasant SA 5235
Property Details for 124 Melrose St, Mount Pleasant
Last Listing description (February 2021)
Offered well below Capital Value with great returns, structures including Cafe/Bakery, huge warehouse style shed, residential living option.
PROPERTY HIGHLIGHTS INCLUDE:
1854m2 allotment with over 650m2 of structures
Circa 1905, solid brick shop front, laden with character
Commercial kitchen and food preparation area
Bungalow residence incorporated into main building
Multi story stone building
Substantial shedding
ADDITIONAL HIGHLIGHTS:
The Mount Pleasant bakery and caf offers both indoor and outdoor dining with its two inside dining rooms, under main roof verandah
High ceilings, solid plastered walls, ornate architraves and open fire place all aid the warmth and charm of the main building
Adaptive layout provides for either on site or rental accommodation
Storerooms, cellar, shedding and more
The large warehouse could serve a multitude of purposes either for owner or even more rental income
Viewing of this property is exclusively available through One-On-One Inspections. Please note, there will be no open home inspections held. A private inspection is available anytime, to best suit you and your schedule. To arrange yours, please contact us on 0488 972 888.
From all of us at CE Property Group, we wish you every success in your search for your home. If you would like more detail on this home or to chat about one of the many other properties we have available, please call 0488 972 888 or email us today.
Disclaimer:
Disclaimer: We the agent, make no guarantee the information is without mere errors and further that the purchaser ought to make their own enquiries and seek professional advice regarding the purchase. We the agent, are not the source of the information and we expressly disclaim any belief in the truth or falsity of the information. However, much care is taken by the vendor and our company to reflect the details of this property in a true and correct manner. Please note: neither the vendor nor our company accept any responsibility or liability for any omissions and/or errors. We advise that if you are intending to purchase this property, that you make every necessary independent enquiry, inspection and property searches. This brochure and floorplan, if supplied, are to be used as a guide only.
Property History for 124 Melrose St, Mount Pleasant, SA 5235
- 27 Jun 2024Sold for $510,000
- 11 May 2020Listed for Sale $450,000 - $485,000
- 22 Aug 2014Listed for Sale $720,000
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About Mount Pleasant 5235
The size of Mount Pleasant is approximately 111.4 square kilometres. It has 2 parks covering nearly 1.7% of total area. The population of Mount Pleasant in 2011 was 960 people. By 2016 the population was 1,037 showing a population growth of 8.0% in the area during that time. The predominant age group in Mount Pleasant is 60-69 years. Households in Mount Pleasant are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Pleasant work in a managers occupation. In 2011, 80.7% of the homes in Mount Pleasant were owner-occupied compared with 81.2% in 2016.
Mount Pleasant has 652 properties. Over the last 5 years, Houses in Mount Pleasant have seen a 88.60% increase in median value, while Units have seen a 80.90% increase. As at 31 October 2024:
- The median value for Houses in Mount Pleasant is $632,069 while the median value for Units is $404,970.
- Houses have a median rent of $270.
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