20-22 Commercial Street W, Mount Gambier, SA 5290 | Property Value & History | OnTheHouse
OFF MARKET

20-22 Commercial Street W
Mount Gambier SA 5290

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 353m2
Land area: 524m2
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Property Details for 20-22 Commercial St W, Mount Gambier

Building Type
Commercial
Year Built
1940
Floor Size
353m2
Land Size
524m2
Local Government
Mount Gambier
Lot/Plan
A307/F194109

Last Listing description (April 2020)

Ray White Mount Gambier is proud to present for sale 20 - 22 Commercial Street West, Mount Gambier. This rare investment opportunity is located in the heart of Mount Gambier's CBD and shopping precinct.

This centrally located commercial property offers two tenanted premises. Tenant one Hot Bread Fresh Everyday' (20 Commercial Street West) has been a long-term tenant and has been leasing the premises since approximately 2012. Tenant two Henri Post Jewellers' (22 Commercial Street West) has also been a long-term tenant and has been leasing the premises since approximately 2005.


This superb investment offers; main street exposure with street frontage of approx. 9.8m, strong consistent investment returns and a rear private car park (approximately 5 car parks).

For further information or to arrange an inspection of the property please contact Sarah Barney or Tahlia Gabrielli from Ray White Mount Gambier (confidentially agreements will need to be signed and returned prior to information being released).RLA 291953


Additional Property Information:
Built / Age: Approx. 1940
Land Size: Approx. 524m2
Floor Area: Approx. 353m2

Property History for 20-22 Commercial St W, Mount Gambier, SA 5290

A timeline of how this property has performed in the market
Last Sold
$700,000
21 Apr 2020
  • 21 Apr 2020
    Sold for $700,000
  • 11 Nov 2019
    Listed for Sale Highest and best offers by 31.01.20 (unless sold)
  • 25 Apr 2018
    Listed for Sale FULLY LEASED COMMERCIAL PROPERTY
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About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. There are 114 parks, covering nearly 24.0% of the total area. The population of Mount Gambier in 2016 was 25512 people. By 2021 the population was 25591 showing a population growth of 0.3% in the area during that time. The predominant age group in Mount Gambier is 50-59 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a community and personal service occupation.In 2021, 62.70% of the homes in Mount Gambier were owner-occupied compared with 61.30% in 2016.

Mount Gambier has 13,869 properties. Over the last 5 years, Houses in Mount Gambier have seen a 107.93% increase in median value, while Units have seen a 105.41% increase. As at 31 July 2026:

  • The median value for Houses in Mount Gambier is $578,108 while the median value for Units is $411,961.
  • Houses have a median rent of $475 while Units have a median rent of $360.
There are currently 108 properties listed for sale, and 49 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 702 properties were sold in the past 12 months in Mount gambier.

Suburb Insights for Mount Gambier 5290

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.