Business/ residential opportunity
The Myponga Bank Building holds pride of place in the main street of Myponga just half an hour or so from the Southern Suburbs of Adelaide. On the main tourist route to the Southern Fleurieu and Kangaroo Island it is a prime site for a business drawing from the substantial passing trade. There is considerable room for expansion with a very generous land area of approx 1012 Sqm; the Solid brick building of approx 110 sqm in extent occupying the front right corner.
The premises offer an open, expansive & light filled commercial area, the original walk in safe, wet areas and a fully renovated Kitchen. The Shop front windows are generous and counter space is more than adequate with a number of options that will work well. Zoned, as it is, Country Township, use is not restricted to commercial development alone; the bulk of the land area is unused, level, and fully fenced. This area would be more than sufficient for the construction of a home to compliment the commercial building at the front of the allotment stca. Aside from the existing premises there remains available frontage to extend the commercial aspect of the property; the construction of a second shop to lease out or expansion of the existing space is perfectly feasible stca.
The size of Myponga is approximately 89.5 square kilometres. It has 4 parks covering nearly 2.4% of total area. The population of Myponga in 2011 was 598 people. By 2016 the population was 744 showing a population growth of 24.4% in the area during that time. The predominant age group in Myponga is 50-59 years. Households in Myponga are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Myponga work in a managers occupation. In 2011, 83.2% of the homes in Myponga were owner-occupied compared with 80.8% in 2016.
Myponga has 488 properties. Over the last 5 years, Houses in Myponga have seen a 83.60% increase in median value. As at 31 October 2024:
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