249 Commercial Street WMount Gambier SA 5290
Property Details for 249 Commercial St W, Mount Gambier
Last Listing description (November 2023)
Burgess Rawson in conjunction with Knight Frank are pleased to offer to the market Supercheap Auto, BCF & Petbarn, 249 Commercial Street West, Mount Gambier SA for sale via our Investment Portfolio Auction 165.
This investment has the following key highlights:
+ Trophy freehold LFR retail investment.
+ 93% of income secured by ASX and Nasdaq listed tenants.
+ Supercheap Auto & BCF: wholly owned subsidiaries of ASX listed Super Retail Group.
+ Petbarn: subsidiary of Greencross Limited, which is part owned by Nasdaq listed TPG Capital.
+ Strong rental growth forecast with annual CPI rent reviews.
+ Refurbished 2,485sqm* freestanding showroom incorporating Supercheap Auto, BCF and Petbarn with rear loading.
+ Additional 727sqm* in lettable area from separate F45 studio and storage sheds.
+ Proven retail site, Supercheap Auto, BCF and Petbarn all established on-site for 8+ years.
+ Landmark 10,490sqm* corner freehold site with huge 242 metre* dual street frontage.
+ High profile position with 16,150 vehicles passing daily. **
+ Important 101 on-title car spaces.
+ Future expansion, redevelopment or subdivision upside STCA.
+ Stamp duty free investment.
+ Mount Gambier: SA's second largest urban city with a growing population of circa 30,000. ***
+ Net Income: $542,150pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne
*Approx
**GapMaps
***Future Mount Gambier
Burgess Rawson Agents
Beau Coulter (RLA 315777)
0413 839 898
Shaun Venables (RLA 313040)
0411 860 865
Sam Mercuri
0413 830 709
Knight Frank Agents (RLA199257)
Oliver Totani
0412 808 743
Jack Dyson
0448 685 593
Property History for 249 Commercial St W, Mount Gambier, SA 5290
- 07 Aug 2025Sold for $7,800,000
- 05 Feb 2024Sold for $7,110,000
- 09 Nov 2023Listed for Sale Price on Request
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0About 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 13,870 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.
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