66-76 Mckenzie StreetCeduna SA 5690
Property Details for 66-76 Mckenzie St, Ceduna
Last Listing description (August 2022)
Outstanding opportunity to enter the freehold market with this 50 room freehold and business for less than $1.5m, offering great value at just $29,000 per key. Positioned on a two-acre corner block, across 11 allotments, this is the first motel as you enter the town from the east. Having purchased the property in a very run downstate, the owners have invested in replacements and refurbishments to the property including air conditioners, kitchen equipment upgrades, painting, carpet, flooring to add three pet-friendly rooms, new beds, flat-screen TV and new gutters across all four buildings. This is the perfect opportunity to enter the freehold motel market for less than $1.5m, anyone that takes the time to inspect this property will see the outstanding value for money it presents.
- Enter the freehold market for less than $1.5m
- Outstanding value only $29,000 per key with 50 rooms
- Ongoing refurbishments and replacements have been undertaken
- Opportunity to increase occupancy
- Large corner allotment two acres
- Separate two bedroom owners residence
- Range of clientele including workers, corporates and leisure
- Increase revenue through the restaurant
- Two Tesla charging stations on site
- Property inspections are by appointment only
Property History for 66-76 Mckenzie St, Ceduna, SA 5690
- 25 Aug 2022Sold for $1,100,000
- 04 Apr 2022Listed for Sale $1,450,000
- 15 Oct 2019Sold for $400,000
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About Ceduna 5690
The size of Ceduna is approximately 404.3 square kilometres. It has 15 parks covering nearly 0.9% of total area. The population of Ceduna in 2016 was 1850 people. By 2021 the population was 1955 showing a population growth of 5.7% in the area during that time. The predominant age group in Ceduna is 0-9 years. Households in Ceduna are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ceduna work in a professional occupation.In 2021, 52.80% of the homes in Ceduna were owner-occupied compared with 53.60% in 2016.
Ceduna has 1,213 properties. Over the last 5 years, Houses in Ceduna have seen a 74.11% increase in median value, while Units have seen a 100.37% increase. As at 30 April 2026:
- The median value for Houses in Ceduna is $348,603 while the median value for Units is $437,173.
- Houses have a median rent of $350 while Units have a median rent of $178.
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