OFF MARKET

55 Main South Road
Myponga SA 5202

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1012m2
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Property Details for 55 Main South Rd, Myponga

Building Type
Commercial
Land Size
1012m2
Local Government
Yankalilla
Lot/Plan
A3/D4005

Last Listing description (August 2014)

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.

Opposite the 100 stall 'Myponga Wholesale Country Market',
in the centre of the Myponga business area this unique property is waiting for the entrepreneur with the dream of creating something special. Myponga is one country town that is growing with the influx of new owners to the rapidly growing housing estate just a few hundred metres along Main South Road. Building is proceeding apace there, many of the residents commute to the southern suburbs for work and this trend is set to grow as the Dual Southern Expressway is about to open the south up by creating a powerful corridor to and from the pleasures of life and leisure on the Fleurieu and Kangaroo Island.

Property History for 55 Main South Rd, Myponga, SA 5202

A timeline of how this property has performed in the market
Last Sold
$288,200
09 Jan 2015
  • 09 Jan 2015
    Sold for $288,200
  • 06 Sep 2012
    Listed for Sale $279,000
  • 25 Sep 2010
    Listed for Sale Not Disclosed
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About Myponga 5202

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:

  • The median value for Houses in Myponga is $724,250.
  • Houses have a median rent of $290.
There are currently 3 properties listed for sale, and 1 property listed for rent in Myponga on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Myponga.

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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.