OFF MARKET

1 Tumby Terrace
Tumby Bay SA 5605

Bedrooms: -
Bathrooms: -
Car spaces: -
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 27 Nov 2023
Low

High
Save

Property Details for 1 Tumby Tce, Tumby Bay

Building Type
Commercial
Local Government
Tumby Bay

Last Listing description (May 2017)

Refreshed & rejuvenated over the past 18 months, the Ritz caf and take away has been a fantastic turnaround storey achieved through the dedication and passion of the current vendors. Reluctantly forced to sell, now is the perfect time to invest in this fantastic business that is really starting to shine as we enter the peak Summer period in a location that's the envy of all.
The lifestyle on offer in picturesque Tumby Bay is second to none and here in lies a wonderful opportunity.
Offering a full Breakfast, lunch and dinner dine in menu combined with the take away menu, The Ritz is the leading caf and take away business in town. There is also wonderful coffee, full ice cream bar, refreshment options which can all be enjoyed in the large indoor section or only metres from the waters edge on the large deck area.

A point of sale system offers easy operations and the kitchen is equipped with everything required from large industrial fridges and freezers through to the large, separate, preparation areas for each of the business menu requirements.
The building is owned by the District Council of Tumby Bay offering a secure tenancy and has recently been repainted and has various improvements carried out with more scheduled in next years budget.
Offering a great turnover and figures to inspire, now is the time to get in quick as previous buyers have been disappointed by being too slow to act. Call David McPharlin on 0408 917 945 for further information and a private inspection.

Property History for 1 Tumby Tce, Tumby Bay, SA 5605

A timeline of how this property has performed in the market
  • 12 Dec 2016
    Listed for Sale $199,000 + SAV

Commute Calculator

About Tumby Bay 5605

The size of Tumby Bay is approximately 303.8 square kilometres. It has 16 parks covering nearly 0.5% of total area. The population of Tumby Bay in 2011 was 1,826 people. By 2016 the population was 1,622 showing a population decline of 11.2% in the area during that time. The predominant age group in Tumby Bay is 60-69 years. Households in Tumby Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tumby Bay work in a managers occupation. In 2011, 69.6% of the homes in Tumby Bay were owner-occupied compared with 74% in 2016.

Tumby Bay has 1,482 properties. Over the last 5 years, Houses in Tumby Bay have seen a 87.47% increase in median value, while Units have seen a 27.61% increase. As at 31 October 2024:

  • The median value for Houses in Tumby Bay is $455,142 while the median value for Units is $232,945.
  • Houses have a median rent of $415 while Units have a median rent of $205.
There are currently 24 properties listed for sale, and 2 properties listed for rent in Tumby bay on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Tumby bay.

Suburb Insights for Tumby Bay 5605

Market Insights
Tumby Bay Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Tumby Bay Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.