SOLD
Sold on 18 Oct 2024 for $1,890,000

60-66 Bridge Street
Murray Bridge SA 5253

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 980m2
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Property Details for 60-66 Bridge St, Murray Bridge

Building Type
Commercial
Land Size
980m2
Local Government
Murray Bridge
Lot/Plan
A1/F126361

Last Listing description (October 2024)

With most of the hard work already done and with so much more potential to be gained, here is the rare opportunity to jump aboard the Murray Bridge rampant growth by securing this historic commercial property right in the heart of the town. With a corner allotment of approximately 1056sqm and with total usable/lettable area of approximately 854 sqm, this recently renovated property has so much already going for it, along with the promised opportunity through numerous options to realise a greater income. Alternatively, there is a chance for an owner occupier to take up a part of the commercial area for your own business, whilst enjoying the fruits of the current in place leases. The afore mentioned 2 secure leases return $102,250 + GST + Outgoings annually and along with the additional area of approximate 321sqm ready to be leased, the future return for this investment looks nothing but positive. It's a rare opportunity to secure a property that has recently experienced welcome renovation by its current owners and is now ready to produce the fruit of their labours. Call today to arrange a private inspection of possibly your next great investment.

Property History for 60-66 Bridge St, Murray Bridge, SA 5253

A timeline of how this property has performed in the market
Last Sold
$1,890,000
18 Oct 2024
Listed for Rent
$4/w
16 Dec 2023
  • 18 Oct 2024
    Sold for $1,890,000
  • 21 Jun 2024
    Listed for Sale $1,950,000
  • 15 Dec 2023
    Listed for Rent $200 / week
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About Murray Bridge 5253

The size of Murray Bridge is approximately 25.4 square kilometres. It has 54 parks covering nearly 8.6% of total area. The population of Murray Bridge in 2011 was 13,891 people. By 2016 the population was 14,563 showing a population growth of 4.8% in the area during that time. The predominant age group in Murray Bridge is 20-29 years. Households in Murray Bridge are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Murray Bridge work in a labourer occupation. In 2011, 53.3% of the homes in Murray Bridge were owner-occupied compared with 52.5% in 2016.

Murray Bridge has 8,441 properties. Over the last 5 years, Houses in Murray Bridge have seen a 114.38% increase in median value, while Units have seen a 92.03% increase. As at 31 October 2024:

  • The median value for Houses in Murray Bridge is $449,785 while the median value for Units is $350,787.
  • Houses have a median rent of $440 while Units have a median rent of $330.
There are currently 98 properties listed for sale, and 22 properties listed for rent in Murray bridge on OnTheHouse. According to CoreLogic's data, 494 properties were sold in the past 12 months in Murray bridge.

Suburb Insights for Murray Bridge 5253

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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.