SOLD
Sold on 22 Sep 2023 for $500,000

124-140 Smith Street
Naracoorte SA 5271

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 898m2
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Property Details for 124-140 Smith St, Naracoorte

Building Type
Commercial
Land Size
898m2
Local Government
Naracoorte Lucindale
Lot/Plan
A2/F105921

Last Listing description (January 2022)

Features: With room for a minimum of six separate businesses, one existing tenanted residence and of course the town's old Rivoli Theatre, this historic building is located in one of Naracoorte's most prominent locations. The huge complex, including the theatre space that once sat 990 people, ceased operation in the sixties while the shops below continued to trade and businesses changed hands over time, providing a range of goods and services to the town. This huge space has great significance in the history of Naracoorte and the upstairs space could be restored and renovated to suit a multitude of purposes that could once again, be a well- supported asset to the town. With approximately 898m2 in the town centre, with access from two streets and numerous leasing opportunities, the potential is enormous.
Location: From Robertson Street to Smith Street, two shops have main street frontage on Smith and another small shop with frontage on Robertson.

Property History for 124-140 Smith St, Naracoorte, SA 5271

A timeline of how this property has performed in the market
Last Sold
$500,000
22 Sep 2023
Listed for Rent
$9.58k/w
15 Jun 2021
  • 22 Sep 2023
    Sold for $500,000
  • 13 Dec 2021
    Sold for $350,000
  • 20 Nov 2019
    Listed for Rent - Price not available
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About Naracoorte 5271

The size of Naracoorte is approximately 114.2 square kilometres. It has 25 parks covering nearly 2.6% of total area. The population of Naracoorte in 2011 was 5,691 people. By 2016 the population was 5,965 showing a population growth of 4.8% in the area during that time. The predominant age group in Naracoorte is 30-39 years. Households in Naracoorte are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Naracoorte work in a labourer occupation. In 2011, 69.3% of the homes in Naracoorte were owner-occupied compared with 67.3% in 2016.

Naracoorte has 3,713 properties. Over the last 5 years, Houses in Naracoorte have seen a 61.31% increase in median value, while Units have seen a 73.93% increase. As at 31 August 2024:

  • The median value for Houses in Naracoorte is $364,520 while the median value for Units is $285,310.
  • Houses have a median rent of $345 while Units have a median rent of $220.
There are currently 18 properties listed for sale, and no properties listed for rent in Naracoorte on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Naracoorte.

Suburb Insights for Naracoorte 5271

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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.