60 Main RoadSolomontown SA 5540
Property Details for 60 Main Rd, Solomontown
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
- 25 Mar 2024Sold for $355,000
- 06 Jul 2023Listed for Sale $365,000
- 02 Jul 2020Listed for Sale $270,000
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0About 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 806 properties. Over the last 5 years, Houses in Solomontown have seen a 113.73% increase in median value. As at 31 October 2024:
- The median value for Houses in Solomontown is $225,941 while the median value for Units is $229,466.
- Houses have a median rent of $340.
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