59 Mount Gambier Road, Millicent, SA 5280 sold on 09 December 2024 | OnTheHouse
 
SOLD
Sold on 09 Dec 2024 for $460,000

59 Mount Gambier Road
Millicent SA 5280

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 1464m2
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Property Details for 59 Mount Gambier Rd, Millicent

Building Type
Commercial
Land Size
1464m2
Local Government
Wattle Range
Lot/Plan
A47/D700

Last Listing description (November 2020)

BUILDING PREMISES AND LAND

Situated in an excellent position on a busy main road this property has great potential with either retail, office or warehouse.
At present tenanted rent return is approx. 7.20%.

- Show room 10.7m x 5.5m large window display, reverse cycle air conditioner.
- Workshop 15m x 5.5m with w/c.
- 3 bay colour bond storage shed, concrete floor, small separate room with
access door.
- Fully cemented with 3 phase power.
- Off street parking &fully enclosed yard.
- Allotment size is approx. 1464m2
- Excellent long term tenant

An ideal investment, not one to missed be sure to contact us for further information.

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Property History for 59 Mount Gambier Rd, Millicent, SA 5280

A timeline of how this property has performed in the market
Last Sold
$460,000
09 Dec 2024
  • 09 Dec 2024
    Sold for $460,000
  • 10 Sep 2020
    Sold for $288,750
  • 24 Jun 2019
    Listed for Sale $289,000
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About Millicent 5280

The size of Millicent is approximately 155.6 square kilometres. It has 28 parks covering nearly 0.7% of 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 3,292 properties. Over the last 5 years, Houses in Millicent have seen a 105.77% increase in median value, while Units have seen a 136.72% increase. As at 30 November 2025:

  • The median value for Houses in Millicent is $392,289 while the median value for Units is $397,047.
  • Houses have a median rent of $330 while Units have a median rent of $170.
There are currently 20 properties listed for sale, and 1 property listed for rent in Millicent on OnTheHouse. According to Cotality's data, 155 properties were sold in the past 12 months in Millicent.

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