OFF MARKET

Fourth Street
Snowtown SA 5520

Bedrooms: -
Bathrooms: 1
Car spaces: -
Floor area: 224m2
Land area: 224m2
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Property Details for Lot 691 Fourth St, Snowtown

Building Type
Commercial
Floor Size
224m2
Land Size
224m2
Local Government
Wakefield
Lot/Plan
A691/F190443

Last Listing description (December 2016)

An investment opportunity to purchase a long standing business with a high yield has arrived!!!
This top investment opportunity sits on a 224.3m2 allotment on one title.
The long standing Deli is superbly located just off the Augusta Highway, the current tennants have been insitu for over 5 years!!!!

This freehold building has great street appeal and is situated on a prominant corner block in the main street.
Snowtown is a growing area with established wind farms and has a major silo through fare.
The rates and outgoings are paid by the tennant.
Improvements include a new colourbond roof, gutters and downpipes.
Brand new split system heating/cooling with new wiring.
There is also potential to lease out the adjoining room separately!!!!
Rental is $6257.00p/a inclusive of GST
This is a yield of 12.8%!!!!!
Call now to discuss this fabulous opportunity to either start or add to your investment portfolio!!!
Perfect for the self managed super fund!!

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Property History for Lot 691 Fourth St, Snowtown, SA 5520

A timeline of how this property has performed in the market
Last Sold
$27,000
01 Feb 2021
  • 01 Feb 2021
    Sold for $27,000
  • 16 Dec 2016
    Sold for $26,000
  • 02 Feb 2016
    Listed for Sale $48,500
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About Snowtown 5520

The size of Snowtown is approximately 178.4 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Snowtown in 2011 was 617 people. By 2016 the population was 473 showing a population decline of 23.3% in the area during that time. The predominant age group in Snowtown is 60-69 years. Households in Snowtown are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Snowtown work in a labourer occupation. In 2011, 74.8% of the homes in Snowtown were owner-occupied compared with 72.6% in 2016.

Snowtown has 495 properties. Over the last 5 years, Houses in Snowtown have seen a 54.01% increase in median value, while Units have seen a 30.48% increase. As at 30 November 2024:

  • The median value for Houses in Snowtown is $269,988 while the median value for Units is $186,961.
There are currently 2 properties listed for sale, and no properties listed for rent in Snowtown on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Snowtown.

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