5 Glen StreetMillicent SA 5280
Property Details for 5 Glen St, Millicent
Last Listing description (August 2022)
Millicent Newsagency is a popular and long-established business servicing the town and surrounding areas with retail products and lotteries for over 140 years.
Previously known as Higginsons Newsagency the business was purchased by the current owners in 2004 and they have enjoyed their years running the business and building it into the diverse business it is today.
This is the only Newsagency and Lottery business in Millicent and is located prominent in the main precinct of town with good foot traffic & parking.
Modern and fully refurbished fit out with easy-to-use POS operating system with integrated stock control and the latest Lotteries platform make this business a breeze to run. And no early morning home deliveries.
Leased building contains a large frontage shop area with ducted heating and cooling, rear storage with packing area and office as well as good rear parking for deliveries and staff parking.
Weekly Gross taking appx $5,380
Monthly Rental appx $909 plus GST & outgoings
Current trading hours Mon to Friday 7.30 am to 5.30 pm and Saturday 7.30am 12.30pm
Staff consists of 2 part time, working 20hrs combined per week with the owners working the remaining hours.
This perfect business opportunity would suit a family or couple who wish to run it themselves and the new purchasers would also have first option to purchase the owners residence located in our popular north area of town.
For further information on this business, contact Kerry on 0419 803 836.
Property History for 5 Glen St, Millicent, SA 5280
- 22 Jul 2022Listed for Sale $425,000
- 21 Mar 2022Sold for $275,000
Recent sales nearby
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0About Millicent 5280
The size of Millicent is approximately 155.6 square kilometres. There are 28 parks, covering nearly 0.7% of the total area. The population of Millicent in 2016 was 5109 people. By 2021 the population was 5110 showing a population growth of 0.0% in the area during that time. The predominant age group in Millicent is 60-69 years. Households in Millicent are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millicent work in a labourer occupation.In 2021, 72.40% of the homes in Millicent were owner-occupied compared with 70.10% in 2016.
Millicent has 3,302 properties. Over the last 5 years, Houses in Millicent have seen a 108.53% increase in median value, while Units have seen a 125.54% increase. As at 30 April 2026:
- The median value for Houses in Millicent is $404,611 while the median value for Units is $402,792.
- Houses have a median rent of $415 while Units have a median rent of $170.
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