SOLD
Sold on 25 Mar 2024 for $355,000

60 Main Road
Solomontown SA 5540

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 156m2
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Property Details for 60 Main Rd, Solomontown

Building Type
Commercial
Floor Size
120m2
Land Size
156m2
Local Government
Port Pirie
Lot/Plan
A435/F184517

Last Listing description (October 2023)

Excellent return on investment - 10+% return on rental income! Modern commercial premises with approximately 160msq of space. Situated on a corner block on a busy main road with high traffic flow. These renovated professional office premises offer quality air conditioned office space and include a solar power system to the ground floor. Ground floor consists of reception, 4 offices, lunchroom, storeroom and toilet while upstairs is offices and open plan work areas.
This building has great views of the Flinders Ranges and overlooks the boat ramp. The building has 2 leased areas. Both are leased as commercial office space with new 5 years leases.
Showing a good rental return $39,800 per annum plus outgoings. This could be a great opportunity for an investor.

Phone Chris Keane to enquire further.

RLA110

Property History for 60 Main Rd, Solomontown, SA 5540

A timeline of how this property has performed in the market
Last Sold
$355,000
25 Mar 2024
  • 25 Mar 2024
    Sold for $355,000
  • 06 Jul 2023
    Listed for Sale $365,000
  • 02 Jul 2020
    Listed for Sale $270,000
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About Solomontown 5540

The size of Solomontown is approximately 4.3 square kilometres. It has 8 parks covering nearly 37% of total area. The population of Solomontown in 2011 was 1,064 people. By 2016 the population was 1,101 showing a population growth of 3.5% in the area during that time. The predominant age group in Solomontown is 40-49 years. Households in Solomontown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Solomontown work in a labourer occupation. In 2011, 63.9% of the homes in Solomontown were owner-occupied compared with 61% in 2016.

Solomontown has 808 properties. Over the last 5 years, Houses in Solomontown have seen a 119.19% increase in median value. As at 30 November 2024:

  • The median value for Houses in Solomontown is $232,441 while the median value for Units is $193,055.
  • Houses have a median rent of $350.
There are currently 3 properties listed for sale, and 1 property listed for rent in Solomontown on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Solomontown.

Suburb Insights for Solomontown 5540

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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.